Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
9800 Technology Way
Largo, MD 20774

Money One Federal Credit Union is headquartered in LARGO and is the 31st largest credit union in the state of Maryland. It is also the 1,452nd largest credit union in the nation. It was established in 1951 and as of March of 2014, it had grown to 35 employees and 12,458 members. Money One Federal Credit Union's savings rates are 94% higher than the national average, and it has a A health rating.

Field of Membership Restrictions

There are three ways to be eligible to open an account with Money One. 1. If you are an employee or member of any of the nearly 100 approved employers, churches, and organizations. 2. You are an immediate family member or household member of anyone who meets criteria #1. 3. If you don't meet #1 or #2, you can become eligible simply by making a one-time donation to Gifts for Easter Seals. - See Details

Related Posts

Hot 19-Month CD Special at Money One Federal Credit Union - 11/7/2013

p>In today’s interest rate environment, any short- or mid-term CDs with rates near 2% is a hot deal. That’s the case with the CD special at Money One Federal Credit Union . It’s offering a promotional ...

Reviews (3)

Lack Of Understanding Money One's Denial

I applied online to Money One for an interest bearing checking account.  I was denied supposedly because of "too many bank inquiries".  I've asked what does inquiring about banks' rates of interest and their requirements and restrictions associated with such accounts have anything to do with being denied?  So far my inquiry to their managment has been met with leaving messages and getting no response. 

You could understand if I were applying for a loan but this is an application for a checking account in which I'm willing to give them my money, up to $10,000 to earn interest under their rules. 

I saw a similar post and feel they are indiscriminately and arbitrarily making these decisions.  Based on other negative responses about this credit union's lack of customer service, I probably should be glad I was denied.  But I still feel they have no right for such descrimination without realistic justification.

Once You Get It Set Up, It Seems To Run Smoothly

It took me over a month to get an online application for reward checking set up with this CU. I realize it is a small CU, and I am out of state, so I give them a little leeway. But emails went unanswered for days. When I called the custonmer service line, hold times were excruciating. I got conflicting information about who was handling opening the account, what requirements had been recieved or were still was just a huge pain.

They even had to mail the debit cards twice because first ones went missing, and the second time only I rec'd one and had to call in (with horrid hold time) and ask for one to be sent to my joint acct holder.

Now that the account is finally enstated, funded and linked to my hub, all seems to run fine. The rewards interest is paid each month, and I am notified via email of it. Debit cards work fine - important for a rewards acct! Haven't been charged for ATM use at coop CUs here locally. 

So despite my initial exasperation - I'm keeping the acct, and it appears to work as advertised.

Failed To Open An Account For Very Fishy Reasons....

Attempted to set up an account. I live/work in the local area, but I was doing everything online, because location is not very convenient for me.

Initially, everything seemed to be going smoothly (I am about 800 credit score, etc.), including online identity/credit verification with very specific personalized questions. A week later they declined to open an account with a cryptic letter that they could not verify my info and reference to Chex report. The person I was working with did not return multiple emails seeking clarification.

I ordered and reveiwed my Chex report and there were no problems there whatsoever. When I called the manager with questions about it she gave me some reasons that sounded fishy (given that I am looking at my correct Chex report as she speaks). In the end of her spiel she told me that they are a private institution and are free to open or not open an account as they see fit. Finally that sounded as something I could believe in.

I guess I can file a complaint or just press them a bit more, but it's not really worth it for $200 or so/yr after tax. Given this experience, I doubt I'd be happy as their customer even if I pushed through this nonsense. Besides who knows for how long the terms would remain at the current level.

I suspect that in reality they don't want to have new rewards members with large balances. Probably they lose money on those accounts.


Data for Q1 2014

Institution Health


Texas Ratio


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 Money One Federal Credit Union had $1.01 million in non-current loans and owned real-estate with $13.63 million in equity and loan loss allowances on hand to cover it. This gives Money One Federal Credit Union a Texas Ratio of 7.44% 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 Money One Federal Credit Union decreased slightly from 9.60% as of March 31, 2013 to 7.44% as of March 31, 2014, resulting in a positive change of 22.50%.This indicates that the balance sheet and financial strength for Money One Federal Credit Union has improved slightly in recent periods.

Deposit Growth


In the past year, Money One Federal Credit Union has decreased its total deposits by $-745,000, resulting in -0.78% 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 Money One Federal Credit Union has shown is average.



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. Money One Federal Credit Union has $107.47 million in assets with $13.63 million in equity, resulting in a capitalization level of 12.68%, which is excellent.

Institution Statistics

NCUA #7264
Year Chartered1951
Primary Regulator
Assets and Liabilities
Assets$107.47 million
Loans$81.48 million
Deposits$94.55 million
Equity Capital$12.37 million
Loan Loss Allowance$1.26 million
Unbacked Noncurrent Loans$839,000
Real Estate Owned$175,000
Historic Data - March 2013
Assets$106.99 million
Equity Capital$11.12 million
Loan Loss Allowance$1.10 million
Unbacked Noncurrent Loans$839,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.61%
Return on Equity5.27%
Interest Income$1.24 million

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

Money One Federal Credit Union Savings Account Rates

1.01%-$10kKasasa Saver - Qualifying
0.45%$20k-IRA Savings Account
0.45%$20k-Roth IRA Savings Account
0.25%--Share Savings Account
0.25%--Business Savings Account
0.10%--Club Account
0.01%--Kasasa Saver - Non Qualifying

Money One Federal Credit Union Money Market Rates

0.75%$100k-Premium Insured Money Market Account
0.75%$100k-Premier Business Insured Money Market Account
0.40%$20k-Insured Money Market Account

Money One Federal Credit Union Checking Account Rates

3.01%-$10kKasasa Cash - Qualifying
0.10%--Business Interest Checking
0.01%--Kasasa Cash - Non Qualifying

Money One Federal Credit Union CD Rates

1.33%$100k-5 Year Share Savings Certificate
1.18%$1k-18 Month Share Savings Certificate
1.15%$100k-4 Year Share Savings Certificate
1.02%$100k-3 Year Share Savings Certificate
0.88%$100k-2 Year Share Savings Certificate
0.75%$100k-1 Year Share Savings Certificate

Money One Federal Credit Union IRA Rates

1.02%--5 Year IRA Savings Certificate
0.84%--4 Year IRA Savings Certificate
0.71%--3 Year IRA Savings Certificate
0.58%--2 Year IRA Savings Certificate
0.45%--1 Year IRA Savings Certificate
0.45%--18 Month IRA Savings Certificate

Money One Federal Credit Union Locations
Branch Office9800 TECHNOLOGY WAYLARGO, MD 20774
Branch Office6107 Greenbelt RdBerwyn Heights, MD 20740-2316