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888-626-9845
B841a Constitution 1401 Ave Nw
Washington, DC 20230

Department Of Commerce Credit Union is headquartered in Washington and is the 4th largest credit union in the District of Columbia. It is also the 635th largest credit union in the nation. It was established in 1964 and as of March of 2014, it had grown to 36 employees and 16,415 members. Department Of Commerce Credit Union has a A health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Washington, D.C. Also open to those who work in the Department of Commerce* or the National Oceanic and Atmospheric Administration. - See Details

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Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Department Of Commerce Credit Union had $782,000 in non-current loans and owned real-estate with $33.43 million in equity and loan loss allowances on hand to cover it. This gives Department Of Commerce Credit Union a Texas Ratio of 2.34% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Department Of Commerce Credit Union experienced no significant changes from 2.25% as of March 31, 2013 to 2.34% as of March 31, 2014, resulting in a negative change of 3.72%. This indicates that the balance sheet and financial strength for Department Of Commerce Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Department Of Commerce Credit Union has increased its total deposits by $20.92 million, resulting in 7.63% 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

GRADE:
B

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 $339.15 million in assets with $33.43 million in equity, resulting in a capitalization level of 9.86%, which is above average.

Institution Statistics

Overall
NCUA #16410
Year Chartered1964
Employees36
Primary Regulator
Assets and Liabilities
Assets$339.15 million
Loans$148.92 million
Deposits$295.13 million
Equity Capital$31.67 million
Loan Loss Allowance$1.76 million
Unbacked Noncurrent Loans$782,000
Real Estate Owned$0
Historic Data - March 2013
Assets$311.44 million
Equity Capital$30.16 million
Loan Loss Allowance$1.68 million
Unbacked Noncurrent Loans$782,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.04%
Return on Assets0.51%
Return on Equity5.47%
Interest Income$3.07 million
Rates
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Department Of Commerce Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
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

DetailsAPYMINMAXPRODUCT
0.40%$50k-Money Market Account
0.40%$50k-IRA Money Market Account

Department Of Commerce Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
2.10%--60-84 Month CD
1.80%--48-59 Month CD
1.55%--36-47 Month CD
1.30%--24-35 Month CD
0.85%--12-23 Month CD
0.55%--6-11 Month CD

Department Of Commerce Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
2.10%--60-84 Month Fixed IRA
1.80%--48-59 Month Fixed IRA
1.55%--36-47 Month Fixed IRA
1.30%--24-35 Month Fixed IRA
0.85%--12-23 Month Fixed IRA
Locations


Department Of Commerce Credit Union Locations
Branch Office1325 E West HWYsilver spring, MD 20910
Branch OfficeB841A Constitution 1401 AVE NWWashington, DC 20230