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1630 King St
Alexandria, VA 22314-2744

State Department Federal Credit Union is headquartered in Alexandria and is the 8th largest credit union in the state of Virginia. It is also the 121st largest credit union in the nation. It was established in 1935 and as of March of 2014, it had grown to 199 employees and 66,424 members. State Department Federal Credit Union has a A health rating.

Field of Membership Restrictions

You may join SDFCU if you are an employee of The Department of State or one of the organizations listed on our membership page. If you are not eligible to join through any of the listed groups or affiliations, anyone can join SDFCU through the American Consumer Council (ACC), a nonprofit advocacy group. - See Details

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Reviews (4)

Superior Service And Convenience

I'm not sure about some of the reviews. My experience with this credit union has always been delightful.  I've never been charged a fee for using a CO-OP ATM. I also use the ATMs at 7-eleven stores all the time, and have never been charged a fee. I earn points while using my debit card, and their online banking is terrific. I can set up a budget and track spending by catagory. I can even accept special offers and discounts from merchants while I'm logged in and attach them to my debit card if I want to, all at no charge. With their mobile app, I can take a picture of a check using my iphone and have it deposited directly into my account. Online loan applications, 24/7 live call center, rewards points, great rates. SDFCU really does seem to have it all. I recommend them to all my family and friends.

5 Yr. Cd State Dept. FCU

Just opened a 5 year cd (2.27%apy), with State Dept. FCU, was a very easy process.  Everything was done by fax and the funds were taken directly from a money market acct.   The EWP is 180 days, the wording regarding EWP was very consumer friendly (unlike some banks & cu's).  At these rates, everything should be easy & consumer friendly!

AVOID State Department FCU -- They CHARGE You $2 Even For "Free" Co-Op Atms!

State Dept FCU is BAD for everyday banking if you don't live nearby. They're the ONLY Credit Union I'm aware of that CHARGES YOU AN ATM FEE of $2 TO USE EVEN A CO-OP ATM! Their language (hidden deep in their website that's impossible to find on its own without a google search) says that if you use a Co-Op ATM you won't be charged a "surchage" but you WILL be charged a "nominal" "$2 Transaction fee" for each transaction you do via a Co-Op "surcharge-free" ATM (if it's a non-Co-Op ATM, you'll be charged that $2 Transaction fee PLUS their ATM surcharge PLUS the other bank's ATM surcharge). But even for staying on the Credit Union Co-Op network, they STILL charge you a $2 "transaction fee" for each transaction you do on the "surcharge-free" Co-Op Network.

Wow. That's BAD. So they don't "surcharge" you, they "transaction fee" you instead. I've NEVER heard of this from any other Credit Union doing this, and I belong to 4 of them, and research credit unions all the time. Co-Op ATMs are supposed to be fee-free for credit union members (as long as it's a Co-Op ATM, and the credit union is on the Co-Op ATM network). Not here. That's just scummy.

I was considering opening an account here as well, and perhaps in the future when my current IRA expires, moving it to State Dept FCU. But not anymore. I have no problem banking with institutions not in my area... but I don't like getting charged $2 each time (especially when no other credit union does it) for doing things like deposting or withdrawing money from Co-Op (supposedly surcharge-free) ATMs.

So consider yourself warned, to read the fine print about all the hidden fees they charge. Unless it was an exceptional rate and you never touch the money for years at a time, I'd avoid this place. There's NO reason for them to charge this fee (when sticking with Co-Op ATMs). NO other credit union I'm aware of does this.


Unpleasant Female Tellers, Charge For Everything, Deny Loans If Not Excellent Credit

This credit union is AWEFUL! You are better off at a regular bank, any other bank, if you cannot change to another credit union. This place consistently denies loans unless you have excellent credit. They want your money without giving you any benefits. They charge for everything. Other credit unions don't charge for things like a basic checking account or a bank check. These guys do. You need to have direct deposit in order to have a free account, if you pay bills with them, there is a $5 fee for inactivity, and if your account is inactive for two years, they charge $10/month. I was denied for a small car loan, small personal loan twice, and a credit card. Funny how another credit union approved me for my loan and credit card. Also, the other credit union didn't charge me for a certified check. One more thing, the other bank doesn't discriminate against me. SDFCU HATES white people, and I mean hates. I have been treated like garbage so much that I hated coming in. Finally I tried to do thing over the phone, but being placed on hold for 20 minutes left me hanging up. These people are LAZY LAZY and awful. Talk about government stereotypes that come true here. I would rate this alongside going to the DMV. Both are equally unpleasant with unhappy employees!


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 State Department Federal Credit Union had $1.98 million in non-current loans and owned real-estate with $140.43 million in equity and loan loss allowances on hand to cover it. This gives State Department Federal Credit Union a Texas Ratio of 1.41% 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 dramatically from 2.14% as of March 31, 2013 to 1.41% as of March 31, 2014, resulting in a positive change of 33.93%.This indicates that the balance sheet and financial strength for State Department Federal Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, State Department Federal Credit Union has increased its total deposits by $34.87 million, resulting in 2.67% 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 above 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. State Department Federal Credit Union has $1.56 billion in assets with $140.43 million in equity, resulting in a capitalization level of 9.01%, which is average.

Institution Statistics

NCUA #435
Year Chartered1935
Primary Regulator
Assets and Liabilities
Assets$1.56 billion
Loans$707.08 million
Deposits$1.34 billion
Equity Capital$136.57 million
Loan Loss Allowance$3.86 million
Unbacked Noncurrent Loans$1.92 million
Real Estate Owned$65,000
Historic Data - March 2013
Assets$1.50 billion
Equity Capital$123.14 million
Loan Loss Allowance$4.26 million
Unbacked Noncurrent Loans$1.92 million
Real Estate Owned$793,000
Profit Margin - Quarterly
Net Interest Margin1.07%
Return on Assets0.8%
Return on Equity9.14%
Interest Income$11.47 million

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

State Department Federal Credit Union Savings Account Rates

0.50%--IRA Share
0.50%--Roth IRA Share
0.10%--Regular Savings
0.10%--Custom Savings

State Department Federal Credit Union Money Market Rates

0.45%$50k-Premiere Money Management Shares
0.30%$2k-Prime Money Management Shares

State Department Federal Credit Union Checking Account Rates

0.35%$25k-Privilege Checking - Qualifying
0.25%$2k-Advantage Checking - Qualifying

State Department Federal Credit Union CD Rates

2.02%$500-60 Month Certificate
2.02%$100k-60 Month Jumbo Certificate
1.61%$500-48 Month Certificate
1.61%$100k-48 Month Jumbo Certificate
1.36%$500-36 Month Certificate
1.36%$500-45 Month Bump Up Certificate
1.36%$100k-36 Month Jumbo Certificate
1.36%$100k-45 Month Jumbo Bump Up Certificate
1.10%$500-30 Month Bump Up Certificate
1.10%$100k-30 Month Jumbo Bump Up Certificate
1.05%$500-24 Month Certificate
1.05%$100k-24 Month Jumbo Certificate
0.80%$500-12 Month Certificate
0.80%$500-17 Month Bump Up Certificate
0.80%$100k-12 Month Jumbo Certificate
0.80%$100k-17 Month Jumbo Bump Up Certificate
0.45%$500-6 Month Certificate
0.45%$100k-6 Month Jumbo Certificate

State Department Federal Credit Union IRA Rates

2.12%$500-60 Month IRA Certificate
1.71%$500-48 Month IRA Certificate
1.36%$500-36 Month IRA Certificate
1.05%$500-24 Month IRA Certificate
0.80%$500-12 Month IRA Certificate

State Department Federal Credit Union Locations
Branch Office1630 King StAlexandria, VA 22314-2744
Branch OfficeBuilding 41 Fort Lesley J McNairWashington, DC 20319-0001
Branch Office301 4th St SW Rm 130Washington, DC 20547-0001
Branch Office1630 King StAlexandria, VA 22314-2744
Branch Office3100 Clarendon BlvdArlington, VA 22201
Branch OfficeRoom B-641 2201 C St NW,Washington, DC 20521-0001