Average User Rating:
1 star rating based on 1 review.

Fedchoice Credit Union

10001 Willowdale Road
Lanham, MD 20706
800-969-6151
www.fedchoice.org

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Fedchoice Credit Union is headquartered in Lanham and is the 18^st largest credit union in the state of Maryland. It is also the 619^st largest credit union in the nation. It was established in 1935 and as of December of 2011, it had grown to 85 employees and 22,345 members. Fedchoice Credit Union has a 5-star health rating.

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

Fedchoice Credit Union Checking Account Rates

	Apy	Min	Max	Product
	0.15%	$1,500	-	Premium Checking Account

Fedchoice Credit Union Savings Account Rates

Apy	Min	Max	Product
0.50%	$20k	-	IRA Share Account
0.50%	$20k	-	Coverdell Education Savings Account
0.50%	$20k	-	Roth IRA Share Account
0.50%	$20k	-	SEP IRA Share Account
0.30%	$2,500	-	Main Share Savings Account
0.30%	$2,500	-	Special Savings Account
0.30%	$2,500	-	Holiday Club

Fedchoice Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.40%	$100k	-	Money Market

Fedchoice Credit Union CD Rates

Apy	Min	Max	Product
1.70%	$50k	-	60 Month Mini-Jumbo Share Certificate
1.65%	$500	$50k	60 Month Share Certificate
1.40%	$50k	-	48 Month Mini-Jumbo Share Certificate
1.35%	$500	$50k	48 Month Share Certificate
0.90%	$50k	-	36 Month Mini-Jumbo Share Certificate
0.85%	$500	$50k	36 Month Share Certificate
0.45%	$50k	-	24 Month Mini-Jumbo Share Certificate
0.40%	$500	$50k	24 Month Share Certificate
0.35%	$50k	-	18 Month Mini-Jumbo Share Certificate
0.30%	$500	$50k	18 Month Share Certificate
0.30%	$50k	-	12 Month Mini-Jumbo Share Certificate
0.25%	$500	$50k	12 Month Share Certificate
0.15%	$50k	-	6 Month Mini-Jumbo Share Certificate
0.10%	$500	$50k	6 Month Share Certificate

Fedchoice Credit Union IRA Rates

Apy	Min	Max	Product
1.70%	$50k	-	60 Month IRA Mini-Jumbo Share Certificate
1.70%	$500	-	60 Month ROTH IRA Mini-Jumbo Share Certificate
1.70%	$50k	-	60 Month SEP IRA Mini-Jumbo Share Certificate
1.65%	$500	-	60 Month IRA Share Certificate
1.65%	$500	-	60 Month ROTH IRA Share Certificate
1.65%	$50k	-	60 Month SEP IRA Share Certificate
0.35%	$50k	-	18 Month IRA Mini-Jumbo Share Certificate
0.35%	$50k	-	18 Month ROTH IRA Mini-Jumbo Share Certificate
0.35%	$50k	-	18 Month SEP IRA Mini-Jumbo Share Certificate
0.30%	$500	-	18 Month IRA Share Certificate
0.30%	$500	-	18 Month ROTH IRA Share Certificate
0.30%	$500	-	18 Month SEP IRA Share Certificate
0.30%	$250	-	18 Month Coverdell ESA Share Certificate

Rates updated: 5/25/2012

Data for Q4 2011

Institution Statistics

FEDCHOICE
NCUA #	150
BankRate Report	View
Year Chartered	1935
Employees	85
Primary Regulator
Assets and Liabilities
Assets	$308.26 million
Loans	$130.83 million
Deposits	$276.93 million
Equity Capital	$29.15 million
Loan Loss Allowance	$2.02 million
Unbacked Noncurrent Loans	$812,000
Historic Data - December 2010
Assets	$295.71 million
Equity Capital	$29.99 million
Loan Loss Allowance	$2.32 million
Unbacked Noncurrent Loans	$1.08 million
Profit Margin - Quarterly
Net Interest Margin	4.95%
Return on Assets	0.38%
Return on Equity	4.06%
Interest Income	$11.87 million
Non-Interest Income	$3.64 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, 2011 Fedchoice Credit Union had $812,000 in non-current loans and owned real-estate with $31.17 million in equity and loan loss allowances on hand to cover it. This gives Fedchoice Credit Union a Texas Ratio of 2.61% 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 Fedchoice Credit Union decreased slightly from 3.36% as of December 31, 2010 to 2.61% as of December 31, 2011, resulting in a positive change of 22.36%.This indicates that the balance sheet and financial strength for Fedchoice Credit Union has improved slightly in recent periods.
Deposit Growth
In the past year, Fedchoice Credit Union has increased its total deposits by $18.77 million, resulting in 7.27% 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 Fedchoice 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. Fedchoice Credit Union has $308.26 million in assets with $31.17 million in equity, resulting in a capitalization level of 10.11%, which is above average.

BAD CHOICE
1 stars

- Booski - Tuesday, April 17, 2012 - 5:08 PM

This credit union is so user unfriendly to the customer its mindboggling. First of all I should have shopped around for the best Credit Union around my local area. I didnt realize at the time that the limit of transactions from savings to checking accounts would come to affect my ability to manange my bill pay accounts, and God help me if I was on vacation and needed some cash but because I used my last transfer which is 6 mind you, not only will it lock your card out, you have to fax a request to make the 7th and subsequent transfers, before 4PM est, from Spain on a friday. You have to wait untill Monday there off on weekends. Happy Vacation.