Direct Federal Credit Union is a credit union located in Needham, Massachusetts. This union is federally insured and is a non-profit business. Any money that is made from the company is put right back into the credit union. For customers, this ensures that you will benefit from the loan rates that are lower, and any deposit rates that are higher. Direct FCU is one of the most simple and reliable businesses in the field.
Who Can Join Direct FCU?
Though Direct FCU is headquartered in Needham, membership is open to individuals live, work, or worship in Norfolk County, MA, or have immediate family who do. The Norfolk County website has a map of all of the 28 communities that fall within the lines of this county just to the southwest of Boston. The application is only one page long and may be submitted online.
Direction of the Company
The company has been a lender to the locals of the town since the year 1953. Since then, the company’s focus has been on making it’s customers satisfied while providing the best service possible. It has been known for how dependable they are when working with customers. Customers in the past have felt that all of their questions have been answered in a timely manner. Any paperwork that needs to be done is designed to be easy to fill out so that every step of the process is enjoyable. All of the systems associated with the company are insured by the federal government and safe to use. Also, any information given to the customers by the company is strictly confidential.
Special Programs for Customers
Swap and Drop
Swap and Drop is a special program that allows customers to change their car loan to a car loan that has a lower rate. Basically refinancing. This can be done if a customer already has a car loan through Direct FCU. Many customers love the chance to be able to have a lesser monthly payment, often on the basis of an improved credit score.
Direct FCU Auto Loans
Direct FCU offers auto loan rates as low as 1.95% APR, as well as an online application and the ability to finance 100% of the vehicle, sales tax included. It typically takes 1-2 business days to get your check in hand for bringing to the dealership.
HARP is a program that was designed by the government to assist people that are not able to get refinancing. HARP gives these people a chance to drop the payments made monthly on mortgage, no matter what the value of the home. The company is able to help customers get the most of the low rates when they decide to participate in the program. Customers can even participate if they started their mortgage with someone else.
The company can be contacted a number of different ways.
Phone Number: 781.455.6500 or 1.800.676.0001
Direct Federal Credit Union
50 Cabot St.
P.O. Box 9123
Needham, MA 02494-9123