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Overview / Commentary
301-929-7990
3535 University Blvd W.
Kensington, MD 20895

Lafayette Credit Union is headquartered in KENSINGTON and is the 13st largest credit union in the state of Maryland. It is also the 582nd largest credit union in the nation. It was established in 1935 and as of December of 2013, it had grown to 70 employees and 14,070 members. Lafayette Credit Union's savings rates are 44% higher than the national average, and it has a B health rating.

Field of Membership Restrictions

Must be employed by an agency or company within LFCU's approved field of membership. Also open to those who live or work in Potomac, MD or Washington, D.C. - See Details

Reviews (1)

Training At The Bank

It would be great if the tellers were trained adequately and soundly. This is not the case--investing in human capital pays in the long run because customers will stay.



Health

Data for Q4 2013

Institution Health

B

Texas Ratio

GRADE:
B

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, 2013 Lafayette Credit Union had $5.65 million in non-current loans and owned real-estate with $36.81 million in equity and loan loss allowances on hand to cover it. This gives Lafayette Credit Union a Texas Ratio of 15.34% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Lafayette Credit Union experienced no significant changes from 13.29% as of December 31, 2012 to 15.34% as of December 31, 2013, resulting in a negative change of 15.44%. This indicates that the balance sheet and financial strength for Lafayette Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Lafayette Credit Union has increased its total deposits by $10.09 million, resulting in 3.16% 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 Lafayette 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. Lafayette Credit Union has $369.76 million in assets with $36.81 million in equity, resulting in a capitalization level of 9.95%, which is above average.

Institution Statistics

Overall
NCUA #619
Year Chartered1935
Employees70
Primary Regulator
Assets and Liabilities
Assets$369.76 million
Loans$295.28 million
Deposits$329.25 million
Equity Capital$33.29 million
Loan Loss Allowance$3.52 million
Unbacked Noncurrent Loans$5.31 million
Real Estate Owned$342,000
Historic Data - December 2012
Assets$356.38 million
Equity Capital$32.57 million
Loan Loss Allowance$4.02 million
Unbacked Noncurrent Loans$5.31 million
Real Estate Owned$950,000
Profit Margin - Quarterly
Net Interest Margin3.63%
Return on Assets0.45%
Return on Equity4.98%
Interest Income$13.44 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Lafayette Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Lafayette Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.75%$50-IRA
0.44%$250k-Premier Savings
0.30%$20k-Preferred Savings
0.10%$50-Business Share Savings
0.10%$50-Share Savings

Lafayette Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$250k-Business Money Market
0.30%$150k-Personal Money Market

Lafayette Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.26%--Commercial Business Checking
0.03%--Checking Account

Lafayette Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
2.01%$500-5 Year Fixed CD
1.76%$500-4 Year Fixed CD
1.76%$50-5 Year Variable CD
1.26%$500-3 Year Fixed CD
1.01%$50-3 Year Variable CD
1.00%$500-2 Year Fixed CD
0.75%$50-18 Month Variable CD
0.65%$500-1 Year Fixed CD
0.40%$500-7 Month CD

Lafayette Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
2.01%$500-5 Year Fixed IRA
1.76%$50-5 Year Variable IRA
1.76%$500-4 Year Fixed IRA
1.26%$500-3 Year Fixed IRA
1.01%$50-3 Year Variable IRA
1.00%$500-2 Year Fixed IRA
0.75%$50-18 Month Variable IRA
0.65%$500-1 Year Fixed IRA
Locations


Lafayette Credit Union Locations
Branch OfficeRoom c 1-80 1300 PENNSYLVANIA AVENUE, NWWASHINGTON, DC 20523-0001
Branch Office3535 UNIVERSITY BLVD WKENSINGTON, MD 20895-1701
Branch Office7901 TUCKERMAN LnPOTOMAC, MD 20854-3243
Branch Office409 3RD ST SW STE 105 SUITE 105WASHINGTON, DC 20024-3215
Branch Office3535 UNIVERSITY BLVD WKENSINGTON, MD 20895-1701
Branch Office1381 KENYON ST NWWASHINGTON, DC 20010-2305