New England Federal Credit Union (NEFCU) is a credit union

Credit union

A credit union is a cooperative financial institution that is owned and controlled by its members and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members...

 headquartered in Williston, Vermont

Williston, Vermont

Williston is a town in Chittenden County, Vermont, United States. The population was 8,698 at the 2010 census, an increase of over 1,000 people since the 2000 census...

, chartered and regulated under the authority of the National Credit Union Administration

National Credit Union Administration

The National Credit Union Administration is the United States independent federal agency that supervises and charters federal credit unions...

 (NCUA) of the U.S. federal government. Founded in 1961, NEFCU is the largest credit union in Vermont. As of 2008, NEFCU had $679 million in assets, approximately 75,000 members, and 6 branches.

Membership in the credit union is open to anyone who works, lives, or attends schools in Addison

Addison County, Vermont

Addison County is a county located in the U.S. state of Vermont. In 2010, the population was 36,821. Its shire town is Middlebury.-Geography:...

, Chittenden

Chittenden County, Vermont

Chittenden County is a county located in the U.S. state of Vermont. As of 2010, the population was 156,545. Its shire town is Burlington. Chittenden is the most populous county in the state, with more than twice as many residents as Vermont's second-most populous county, Rutland.Chittenden County...

, Franklin

Franklin County, Vermont

Franklin County is a county located in the U.S. state of Vermont. It is part of the Burlington-South Burlington, VT Metropolitan Statistical Area. As of 2010, the population was 47,746. Its shire town is the City of St. Albans.-Geography:...

, Grand Isle

Grand Isle County, Vermont

Grand Isle County is a county located in the U.S. state of Vermont. As of 2010, the population was 6,970. Its shire town is North Hero.Grand Isle County is part of the Burlington-South Burlington, VT Metropolitan Statistical Area.-Geography:...

, Lamoille, or Washington County

Washington County, Vermont

Washington County is a county located in the U.S. state of Vermont. As of 2010, the population was 59,534; Vermont's third-most populous county after Chittenden County and Rutland County. Its shire town is Montpelier, the state capital. The center of population of Vermont is located in Washington...

. Member deposits in NEFCU are insured for up to $250,000 through the National Credit Union Share Insurance Fund

National Credit Union Share Insurance Fund

The National Credit Union Share Insurance Fund is administered by the National Credit Union Administration for the purpose of providing deposit insurance to protect deposits of credit union members at insured institutions in the United States. It was created in 1970 shortly after the creation of...

, the credit union equivalent of the Federal Deposit Insurance Corporation

Federal Deposit Insurance Corporation

The Federal Deposit Insurance Corporation is a United States government corporation created by the Glass–Steagall Act of 1933. It provides deposit insurance, which guarantees the safety of deposits in member banks, currently up to $250,000 per depositor per bank. , the FDIC insures deposits at...

.

Charitable activities

NEFCU sponsors RightTrack, a financial literacy program for high school students. NEFCU hosts "Shred Fests" where members of the general public may bring documents to be shredded by a professional shredding company. In 2008, over 13 tons of documents were destroyed. NEFCU also annually awards six $3000 college scholarships to members pursuing degrees in nursing and science.