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301-718-0208
111 Rockville Pike, Ste 500
Rockville, MD 20850

NIH Federal Credit Union is headquartered in ROCKVILLE and is the 10st largest credit union in the state of Maryland. It is also the 399th largest credit union in the nation. It was established in 1940 and as of December of 2013, it had grown to 107 employees and 41,550 members. NIH Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Credit union membership is open to all employees and contractors of the National Institutes of Health (NIH). In addition, NIHFCU membership is also open to all employees, independent contractors, or self-employed persons who work regularly in the biomedical and healthcare industry located in the District of Columbia, Maryland, West Virginia, and Virginia. Once you become an NIHFCU member, membership is available to your immediate family, regardless of geography or profession, via sponsorship. - See Details

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Reviews (2)

Inactivity Fee

The National Institutes of Health Federal Credit Union (NIH FCU) has instituted a quarterly inactivity fee of $25.00 on inactive accounts.  Yes, that's $100 per year.  Needless to say, my wife and I are both closing our accounts.

National Institutes Of Health Federal Credit Union (NIH FCU)

I have used this FCU for 8 plus years, have been very patient with a number of problems. I am leaving for a bank with better rates, better customer service and a bank that is large enough to be competitive.

I can only give them three stars, would never recommend to anyone.



Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
A+

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 NIH Federal Credit Union had $2.6 million in non-current loans and owned real-estate with $40.18 million in equity and loan loss allowances on hand to cover it. This gives NIH Federal Credit Union a Texas Ratio of 6.48% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for NIH Federal Credit Union decreased dramatically from 10.45% as of December 31, 2012 to 6.48% as of December 31, 2013, resulting in a positive change of 37.98%.This indicates that the balance sheet and financial strength for NIH Federal Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
C

In the past year, NIH Federal Credit Union has decreased its total deposits by -$11.61 million, resulting in -2.25% 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 NIH Federal Credit Union has shown is average.

Capitalization

GRADE:
C-

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. NIH Federal Credit Union has $548.68 million in assets with $40.18 million in equity, resulting in a capitalization level of 7.32%, which is below average.

Institution Statistics

Overall
NCUA #3601
Year Chartered1940
Employees107
Primary Regulator
Assets and Liabilities
Assets$548.68 million
Loans$242.69 million
Deposits$503.66 million
Equity Capital$38.18 million
Loan Loss Allowance$2.00 million
Unbacked Noncurrent Loans$1.98 million
Real Estate Owned$629,000
Historic Data - December 2012
Assets$569.21 million
Equity Capital$43.60 million
Loan Loss Allowance$2.05 million
Unbacked Noncurrent Loans$1.98 million
Real Estate Owned$913,000
Profit Margin - Quarterly
Net Interest Margin3.48%
Return on Assets0.41%
Return on Equity5.84%
Interest Income$12.47 million
Rates
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NIH Federal Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.30%$25k-Premier IRA Savings Account
0.30%$25k-Premier Roth IRA Savings Account
0.03%$5k-Premium Share Account
0.03%$5k-Business Premium Share Account
0.01%$25-Regular Share Account
0.01%--Holiday Club Account
0.01%--You Name It
0.01%$25-Business Regular Share Account

NIH Federal Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.08%$25k-Premier Advantage Money Market
0.08%$25k-Business Premier Advantage Money Market

NIH Federal Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.60%$100k-12 Month Jumbo Relationship CD
0.60%$10k-24 Month Relationship CD
0.60%$10k-30 Month Bump-Up Relationship CD
0.60%$500-60 Month Relationship CD
0.50%$10k-7 Month Relationship CD
0.50%$10k$100k12 Month Relationship CD
0.50%$10k-15 Month Add-On Relationship CD
0.50%$10k-15 Month Bump-Up Relationship CD
0.50%$500-36 Month Relationship CD
0.40%$500-18 Month Relationship CD
0.35%$100k-12 Month Jumbo CD
0.35%$10k-24 Month CD
0.35%$10k-30 Month Bump-Up CD
0.35%$500-60 Month CD
0.33%$500-6 Month Relationship CD
0.26%$500-3 Month Relationship CD
0.25%$10k-7 Month CD
0.25%$10k$100k12 Month CD
0.25%$10k-15 Month Add-On CD
0.25%$10k-15 Month Bump-Up CD
0.25%$500-36 Month CD
0.15%$500-18 Month CD
0.08%$500-6 Month CD
0.01%$500-3 Month CD

NIH Federal Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.85%$10k-24 Month Relationship IRA (Traditional,Roth)
0.85%$10k-30 Month Bump-Up Relationship IRA (Traditional,Roth)
0.85%$500-60 Month Relationship IRA (Traditional,Roth)
0.75%$10k-7 Month Relationship IRA (Traditional,Roth)
0.75%$10k$100k12 Month Relationship IRA (Traditional,Roth)
0.75%$10k-15 Month Add-On Relationship IRA (Traditional,Roth)
0.75%$10k-15 Month Bump-Up Relationship IRA (Traditional,Roth)
0.75%$500-36 Month Relationship IRA (Traditional,Roth)
0.65%$500-18 Month Relationship IRA (Traditional,Roth)
0.60%$10k-24 Month IRA (Traditional,Roth)
0.60%$10k-30 Month Bump-Up IRA (Traditional,Roth)
0.60%$500-60 Month IRA (Traditional,Roth)
0.57%$500-6 Month Relationship IRA (Traditional,Roth)
0.51%$500-3 Month Relationship IRA (Traditional,Roth)
0.50%$10k-7 Month IRA (Traditional,Roth)
0.50%$10k$100k12 Month IRA (Traditional,Roth)
0.50%$10k-15 Month Add-On IRA (Traditional,Roth)
0.50%$10k-15 Month Bump-Up IRA (Traditional,Roth)
0.50%$500-36 Month IRA (Traditional,Roth)
0.40%$500-18 Month IRA (Traditional,Roth)
0.33%$500-6 Month IRA (Traditional,Roth)
0.26%$500-3 Month IRA (Traditional,Roth)
Locations

NIH Federal Credit Union has 11 locations. Click to view all NIH Federal Credit Union locations.