Department Of Commerce Credit Union

B818 1401 Constitution Ave NW
Washington, DC 20230
1-888-626-9845
www.docfcu.org

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Department Of Commerce Credit Union is headquartered in Washington and is the 4^th largest credit union in the District of Columbia. It is also the 665^th largest credit union in the nation. It was established in 1964 and as of December of 2012, it had grown to 32 employees and 15,295 members. Department Of Commerce Credit Union has a 5-star health rating.

Higher CD Rates at Department of Commerce FCU in Washington DC - 3/12/2013

We didn't see many rate hikes in March, but there's one that I just noticed. Department of Commerce Federal Credit Union (DOCFCU) raised several of its CD and IRA CD rates by 5 to 15 basis points. Its ...

CD Rates Fall But Remain Competitive at Dept. of Commerce FCU in DC - 4/5/2012

Department of Commerce Federal Credit Union has recently cut its CD and IRA CD rates, but the rates remain competitive. The 5-year CD is now 2.30% APY. Minimum deposit is $500. This also applies to te ...

Competitive CD Rates at Dept of Commerce FCU in DC - Local Only - 9/28/2011

Department Of Commerce Federal Credit Union is another Washington DC credit union that is offering some competitive CD rates. The long-term CD rates are not as high as the rates at US Senate FCU which ...

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See Rates for: Checking | Savings | Money Market | CD | IRA

Department Of Commerce Credit Union Checking Account Rates

	Apy	Min	Max	Product
	0.00%	-	-	Checking Account

Department Of Commerce Credit Union Savings Account Rates

Apy	Min	Max	Product
0.20%	-	-	IRA Account
0.20%	-	-	Roth IRA Account
0.20%	-	-	Education IRA Account
0.20%	-	-	Share Savings Account
0.20%	-	-	Club Account
0.20%	-	-	Youth Share Savings Account

Department Of Commerce Credit Union Money Market Rates

Apy	Min	Max	Product
0.40%	$50k	-	Money Market Account
0.40%	$50k	-	IRA Money Market Account

Department Of Commerce Credit Union CD Rates

Apy	Min	Max	Product
2.05%	-	-	60-84 Month CD
1.80%	-	-	48-59 Month CD
1.60%	-	-	36-47 Month CD
1.35%	-	-	24-35 Month CD
0.95%	-	-	12-23 Month CD
0.50%	-	-	6-11 Month CD

Department Of Commerce Credit Union IRA Rates

Apy	Min	Max	Product
2.05%	-	-	60-84 Month Fixed IRA
2.05%	-	-	60-84 Month Fixed Education IRA
2.05%	-	-	60-84 Month Fixed Roth IRA
1.80%	-	-	48-59 Month Fixed IRA
1.80%	-	-	48-59 Month Fixed Education IRA
1.80%	-	-	48-59 Month Fixed Roth IRA
1.60%	-	-	36-47 Month Fixed IRA
1.60%	-	-	36-47 Month Fixed Education IRA
1.60%	-	-	36-47 Month Fixed Roth IRA
1.35%	-	-	24-35 Month Fixed IRA
1.35%	-	-	24-35 Month Fixed Education IRA
1.35%	-	-	24-35 Month Fixed Roth IRA
0.95%	-	-	12-23 Month Fixed IRA
0.95%	-	-	12-23 Month Fixed Education IRA
0.95%	-	-	12-23 Month Fixed Roth IRA

Rates updated: 5/25/2013

Data for Q4 2012

Institution Statistics

DEPARTMENT OF COMMERCE
NCUA #	16410
BankRate Report	View
Year Chartered	1964
Employees	32
Primary Regulator
Assets and Liabilities
Assets	$299.74 million
Loans	$104.34 million
Deposits	$264.44 million
Equity Capital	$28.64 million
Loan Loss Allowance	$1.66 million
Unbacked Noncurrent Loans	$878,000
Historic Data - December 2011
Assets	$267.76 million
Equity Capital	$23.63 million
Loan Loss Allowance	$1.51 million
Unbacked Noncurrent Loans	$1.75 million
Profit Margin - Quarterly
Net Interest Margin	5.14%
Return on Assets	0.7%
Return on Equity	7.33%
Interest Income	$11.68 million
Non-Interest Income	$1.45 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Department Of Commerce Credit Union had $878,000 in non-current loans and owned real-estate with $30.3 million in equity and loan loss allowances on hand to cover it. This gives Department Of Commerce Credit Union a Texas Ratio of 2.90% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Department Of Commerce Credit Union decreased significantly from 6.97% as of December 31, 2011 to 2.90% as of December 31, 2012, resulting in a positive change of 58.45%.This indicates that the balance sheet and financial strength for Department Of Commerce Credit Union has improved significantly in recent periods.
Deposit Growth
In the past year, Department Of Commerce Credit Union has increased its total deposits by $30.59 million, resulting in 13.08% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Department Of Commerce Credit Union has shown is excellent.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Department Of Commerce Credit Union has $299.74 million in assets with $30.3 million in equity, resulting in a capitalization level of 10.11%, which is above average.