State Department Federal Credit Union

State Department Federal Credit Union Locations

1630 King Street
Alexandria, VA 22314
800-296-8882
www.sdfcu.org

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State Department Federal Credit Union is headquartered in Alexandria and is the 8^th largest credit union in the state of Virginia. It is also the 116^st largest credit union in the nation. It was established in 1935 and as of September of 2011, it had grown to 184 employees and 67,096 members. State Department Federal Credit Union's money market rates are 82% higher than the national average, and it boasts a 5-star health rating.

Top CD Rates at State Department FCU in Virginia - Easy Membership - 11/2/2011

State Department Federal Credit Union bucked the trend of falling rates by raising several of its CD and IRA CD rates for November. Many are now very competitive. The best ones include a 2.42% APY 5-y ...

4.58% 15-Month CD at a Virginia/DC Credit Union (State Department) - 2/11/2008

Update 4/05/08: The special 15-month CD is no longer available. Please check the credit union's website for the latest rates.Update 3/1/08: The CD rate has fallen. The 15-month CD yield has fallen from 4.84% to 4.58% APY. The title has been modified to...

7.00% 7-Month CD at a Virginia/DC Credit Union - $7K Max (State Department). - 2/3/2008

State Department Federal Credit Union (SDFCU) will be offering a special 7.00% APY 7-month share certificate for one day only on February 7, 2008. The minimum and maximum deposit is $7,000, and it's only for new members. Only one certificate per member...

5.35% 15-Month CD at a Virginia/DC Credit Union (State Department). - 12/24/2007

Update 2/09/08: The CD rates have fallen. Please check the credit union's website for the latest rates.State Department Federal Credit Union (SDFCU) is offering a special 5.35% APY 15-month share certificate. The minimum deposit is $5,000, and it must be...

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

State Department Federal Credit Union Checking Account Rates

Apy	Min	Max	Product
0.90%	$25k	-	Privilege Checking - Qualifying
0.50%	$2k	-	Advantage Checking - Qualifying

State Department Federal Credit Union Savings Account Rates

Apy	Min	Max	Product
0.60%	-	-	IRA Share
0.30%	-	-	Regular Savings
0.30%	-	-	Custom Savings

State Department Federal Credit Union Money Market Rates

Apy	Min	Max	Product
0.80%	$100k	-	Premiere Money Management Shares
0.60%	$25k	-	Prime Money Management Shares

State Department Federal Credit Union CD Rates

Apy	Min	Max	Product
2.27%	$500	-	60 Month Certificate
2.27%	$100k	-	60 Month Jumbo Certificate
1.96%	$500	-	48 Month Certificate
1.96%	$100k	-	48 Month Jumbo Certificate
1.71%	$500	-	45 Month Bump Up Certificate
1.71%	$100k	-	45-Month Jumbo Bump Up Certificate
1.56%	$500	-	36 Month Certificate
1.56%	$100k	-	36 Month Jumbo Certificate
1.31%	$500	-	30 Month Bump Up Certificate
1.31%	$100k	-	30-Month Jumbo Bump Up Certificate
1.26%	$500	-	24 Month Certificate
1.26%	$100k	-	24 Month Jumbo Certificate
1.00%	$500	-	17 Month Bump Up Certificate
1.00%	$100k	-	17-Month Jumbo Bump Up Certificate
0.95%	$500	-	12 Month Certificate
0.95%	$100k	-	12 Month Jumbo Certificate
0.60%	$500	-	6 Month Certificate
0.60%	$100k	-	6 Month Jumbo Certificate

State Department Federal Credit Union IRA Rates

Apy	Min	Max	Product
2.37%	$500	-	60 Month IRA Certificate
2.37%	$500	-	60 Month Roth IRA Certificate
2.07%	$500	-	48 Month IRA Certificate
2.07%	$500	-	48 Month Roth IRA Certificate
1.56%	$500	-	36 Month IRA Certificate
1.56%	$500	-	36 Month Roth IRA Certificate
1.26%	$500	-	24 Month IRA Certificate
1.26%	$500	-	24 Month Roth IRA Certificate
0.95%	$500	-	12 Month IRA Certificate
0.95%	$500	-	12 Month Roth IRA Certificate

Rates updated: 2/11/2012

Data for Q3 2011

Institution Statistics

STATE DEPARTMENT
NCUA #	435
BankRate Report	View
Year Established	1935
Employees	184
Primary Regulator
Assets and Liabilities
Assets	$1.34 billion
Loans	$634.10 million
Deposits	$1.16 billion
Equity Capital	$113.21 million
Loan Loss Allowance	$5.48 million
Unbacked Noncurrent Loans	$2.81 million
Real Estate Owned	$215,000
Historic Data - September 2010
Assets	$1.28 billion
Equity Capital	$105.37 million
Loan Loss Allowance	$5.76 million
Unbacked Noncurrent Loans	$4.49 million
Real Estate Owned	$599,000
Profit Margin - Quarterly
Net Interest Margin	3.6%
Return on Assets	0.88%
Return on Equity	10.35%
Interest Income	$38.73 million
Non-Interest Income	$7.84 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 September 30, 2011 State Department Federal Credit Union had $3.02 million in non-current loans and owned real-estate with $118.69 million in equity and loan loss allowances on hand to cover it. This gives State Department Federal Credit Union a Texas Ratio of 2.54% 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 State Department Federal Credit Union decreased significantly from 4.58% as of September 30, 2010 to 2.54% as of September 30, 2011, resulting in a positive change of 44.39%.This indicates that the balance sheet and financial strength for State Department Federal Credit Union has improved significantly in recent periods.
Deposit Growth
In the past year, State Department Federal Credit Union has increased its total deposits by $76.82 million, resulting in 7.09% 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 State Department Federal 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. State Department Federal Credit Union has $1.34 billion in assets with $118.69 million in equity, resulting in a capitalization level of 8.87%, which is average.