Average User Rating:
1 star rating based on 1 review.

Treasury Department Credit Union

Treasury Department Credit Union Locations

Treasury Annex Rm 1000 701 Madison Place NW
Washington, DC 20038
(800) 344-4497
www.tdfcu.org

NCUA

OverView
Rates
Health
Reviews

Treasury Department Credit Union is headquartered in WASHINGTON and is the 8^th largest credit union in the District of Columbia. It is also the 1,002^nd largest credit union in the nation. It was established in 1935 and as of December of 2012, it had grown to 42 employees and 20,239 members. Treasury Department Credit Union has a 4-star health rating.

Report an Issue

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

Treasury Department Credit Union Savings Account Rates

Apy	Min	Max	Product
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

Treasury Department Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.25%	$50k	-	Money Market Account

Treasury Department Credit Union CD Rates

Apy	Min	Max	Product
1.50%	$500	-	60 Month CD
1.30%	$500	-	48 Month CD
1.10%	$500	-	36 Month CD
0.90%	$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

Treasury Department Credit Union IRA Rates

Apy	Min	Max	Product
1.56%	$500	-	60 Month IRA
1.56%	$500	-	60 Month Roth IRA
1.36%	$500	-	48 Month IRA
1.36%	$500	-	48 Month Roth IRA
1.16%	$500	-	36 Month IRA
1.16%	$500	-	36 Month Roth IRA
0.95%	$500	-	24 Month IRA
0.95%	$500	-	24 Month Roth IRA
0.75%	$500	-	12 Month IRA
0.75%	$500	-	15 Month IRA
0.75%	$500	-	12 Month Roth IRA
0.75%	$500	-	15 Month Roth IRA
0.60%	$250	-	12 Month Booster IRA
0.60%	$250	-	12 Month Booster Roth IRA

Rates updated: 5/20/2013

Data for Q4 2012

Institution Statistics

TREASURY DEPARTMENT
NCUA #	162
BankRate Report	View
Year Chartered	1935
Employees	42
Primary Regulator
Assets and Liabilities
Assets	$170.32 million
Loans	$92.38 million
Deposits	$158.64 million
Equity Capital	$9.96 million
Loan Loss Allowance	$1.11 million
Unbacked Noncurrent Loans	$1.10 million
Historic Data - December 2011
Assets	$162.82 million
Equity Capital	$9.40 million
Loan Loss Allowance	$1.29 million
Unbacked Noncurrent Loans	$772,000
Profit Margin - Quarterly
Net Interest Margin	5.12%
Return on Assets	0.33%
Return on Equity	5.65%
Interest Income	$5.52 million
Non-Interest Income	$2.37 million

Institution Health

Overall Score:

4 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 December 31, 2012 Treasury Department Credit Union had $1.1 million in non-current loans and owned real-estate with $11.07 million in equity and loan loss allowances on hand to cover it. This gives Treasury Department Credit Union a Texas Ratio of 9.95% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Treasury Department Credit Union held steady from 7.23% as of December 31, 2011 to 9.95% as of December 31, 2012, resulting in a negative change of 37.61%. This indicates that the balance sheet and financial strength for Treasury Department Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Treasury Department Credit Union has increased its total deposits by $7.29 million, resulting in 4.82% 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 above average.
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. Treasury Department Credit Union has $170.32 million in assets with $11.07 million in equity, resulting in a capitalization level of 6.50%, which is below average.

Holds Cash Deposits For 3 Days, Returns Checks, Charges Fees, Compliance Officer Retaliates By Closing Visa And Line Of Credit
1 stars

- sjnewport - Wednesday, October 31, 2012 - 12:34 PM

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.

They SUCK!!!!!