This paper makes some contributions to the stability problem of neutral-type Hopfield neural network model having a constant time delay in states of neurons and a constant neutral delay in the time derivatives of states of neurons. With the help of a suitable Lyapunov functional, a novel stability criterion is derived for neutral-type Hopfield neural network model. This stability criterion only requires to check the positive defineteness of the matrices involving the system elements of this type of neural networks. The presented stability condition proved to be independently of these time and neutral delays. Therefore, this condition can be easily justified by applying the properties of some certain matrices. A numerical example for this type of neutral systems is studied to show the applicability of the presented stability result.