Treasury Department Credit Union is headquartered in WASHINGTON and is the 8th largest credit union in the District of Columbia. It is also the 1,036th largest credit union in the nation. It was established in 1935 and as of December of 2013, it had grown to 37 employees and 19,569 members. Treasury Department Credit Union has a B health rating.
Must be an employee of the Treasury Department, Department of Homeland Security, U.S. Court, United States Securities and Exchange Commission (SEC) or other companies listed in the field of membership. Also open to those who live, work, worship or attend school in Washington, District of Columbia. - See Details
After 34 years, would never do business with Treasury Dept. FCU again.
They held multiple Cash Deposits which were made on different days for 3 Days as unavailable funds. I never heard of making $100 bills unavailable.. Then, they returned multiple checks I had written as insufficient funds, charged a $35 fee for each check returned and now companies, like TRS (Telecheck) are charging another $35.
After requestingthe fees be returned, the Compliance Officer told me cash deposits from another Credit Union are not reported to Treasury FCU, but he did not want "talk geeky." The ATM, whcih is in the Federal Credit Union Network reads each $100 bill when fed into it and prints cash deposit on the receipt.
The reality is that Treasury FCU systems are antiquated and their interfaces have not kept up with technology. The Compliance Officer told me the problem was that NASA FCU was technologically advanced. I told him that the problem was that the Treasury FCU was grossly deficient and a customer should not have to pay the price for their outdated systems.
The Compliance Officer refused to return the insufficient fund fees they charged although they had cash on account.
In addition to not returning the fees and in retaliation, the Compliance Officer Suspended my Visa and my Line of Credit the same day without notification. When I called to learn how the credit union planned to report the suspended account and was told "Account closed at Consumer Request" would be reported to the Credit Bureaus. Told Call Center employee I worked with the day before that her response was a lie and she knew it.
Was placed on hold for a long time and then was told "Undetermined" would be reported to the Credit Bureaus as the reason accounts were suspended. Told credit union they should first decided why an account should be suspended and then suspend it. It seems the Compliance Officer was in such a retaliation hurry, that he forgot to look for a legitimate reason first.
At this very moment, I was on hold waiting to speak with the generic Call Center for 45 minutes and was then cut off. I am now back on hold for another 25 minutes. This is also not unusual.
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 Treasury Department Credit Union had $1.2 million in non-current loans and owned real-estate with $11.98 million in equity and loan loss allowances on hand to cover it. This gives Treasury Department Credit Union a Texas Ratio of 10.01% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Treasury Department Credit Union experienced no significant changes from 9.95% as of December 31, 2012 to 10.01% as of December 31, 2013, resulting in a negative change of 0.63%. This indicates that the balance sheet and financial strength for Treasury Department Credit Union has had no significant changes in recent periods.
In the past year, Treasury Department Credit Union has decreased its total deposits by -$1.58 million, resulting in -1% 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 Treasury Department 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. Treasury Department Credit Union has $169.72 million in assets with $11.98 million in equity, resulting in a capitalization level of 7.06%, which is below average.
|Assets and Liabilities|
|Equity Capital||$10.95 million|
|Loan Loss Allowance||$1.03 million|
|Unbacked Noncurrent Loans||$1.20 million|
|Real Estate Owned||$0|
|Historic Data - December 2012|
|Equity Capital||$9.96 million|
|Loan Loss Allowance||$1.11 million|
|Unbacked Noncurrent Loans||$1.20 million|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||4.95%|
|Return on Assets||0.58%|
|Return on Equity||9.04%|
|Interest Income||$5.30 million|
Always verify rates and promotions with the bank or credit union. We are not Treasury Department Credit Union, we are a rate comparison website and can not provide official rates or promotions.
|0.11%||$50k||-||Regular Share Account|
|0.11%||$50k||-||Additional Share Account|
|0.11%||$50k||-||Holiday Share Account|
|0.11%||$50k||-||IRA Share Account|
|0.11%||$50k||-||Roth IRA Share Account|
|0.25%||$50k||-||Money Market Account|
|1.40%||$500||-||60 Month CD|
|1.20%||$500||-||48 Month CD|
|1.00%||$500||-||36 Month CD|
|0.80%||$500||-||24 Month CD|
|0.70%||$500||-||12 Month CD|
|0.70%||$500||-||15 Month CD|
|0.60%||$250||-||12 Month Booster CD|
|0.50%||$500||-||9 Month CD|
|0.30%||$500||-||6 Month CD|
|0.30%||$500||-||7 Month CD|
|0.25%||$100k||-||30 Day Jumbo CD|
|0.20%||$500||-||3 Month CD|
|1.46%||$500||-||60 Month IRA (Traditional,Roth)|
|1.26%||$500||-||48 Month IRA (Traditional,Roth)|
|1.05%||$500||-||36 Month IRA (Traditional,Roth)|
|0.85%||$500||-||24 Month IRA (Traditional,Roth)|
|0.75%||$500||-||12 Month IRA (Traditional,Roth)|
|0.75%||$500||-||15 Month IRA (Traditional,Roth)|
|0.60%||$250||-||12 Month Booster IRA (Traditional,Roth)|
|Treasury Department Credit Union Locations|
|Branch Office||Treasury Annex Rm 1000 701 Madison Place NW||Washington, DC 20220|
|Branch Office||1101 2nd St NE||Washington, DC 20002-3403|
|Branch Office||3700 E WEST HWY Rm 428||HYATTSVILLE, MD 20782-2015|
|Branch Office||400 7th St SW||WASHINGTON, DC 20219-0004|
|Branch Office||1 COLUMBUS CIR NE||WASHINGTON, DC 20544-0003|
|Branch Office||1700 G ST NW||WASHINGTON, DC 20552-0003|
|Branch Office||1300 PENN AVE NW Rm C-040||WASHINGTON, DC 20004-3002|
|Branch Office||301 E Ocean Blvd Ste 1438||LONG BEACH, CA 90802-4869|
|Branch Office||1510 9th St NW||Washington, DC 20001-3208|