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Overview / Commentary
800-374-2758
2750 Eisenhower Ave
Alexandria, VA 22314

United States Senate Credit Union is headquartered in Alexandria and is the 15st largest credit union in the state of Virginia. It is also the 392nd largest credit union in the nation. It was established in 1935 and as of March of 2014, it had grown to 82 employees and 32,792 members. United States Senate Credit Union has a A health rating.

Field of Membership Restrictions

Sponsorship by an employer: You must be currently employed by or directly retired from one of our Select Employee Groups. Employees of Select Employee Groups are eligible to become members. Additionally, whether or not the employees themselves become members, they may extend the membership to their immediate families and households. Sponsorship by a family member or household member: A member in good standing or a current employee of a Select Employee Group may sponsor an immediate family member, as well as others in the same household. This includes: Spouses Immediate Family (child, sibling, parent, grandparent, grandchild, stepparent, stepchild, step sibling, or adoptive relationship) Household Members (persons living in the same residence and maintaining a single economic unit) Organizations of people in one of the above groups Eligibility through Contribution to the US Capitol Historical Society (USCHS): As a member of the Society, either as an individual or as an employee of a member organization, you are automatically eligible to join the United States Senate Federal Credit Union. When you join the Society, apply to the Credit Union at the same time. Current members of USCHS are also invited to participate in this member offering. - See Details

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Reviews (1)

Delay In Joining USSFCU

Just got off the phone with customer service. USSFCU seems like a good credit union, however, they will not guarantee the promotional CD rate until they confirm your membership with United States Capitol Historical Society, and that could take a week or more. The rate probably will change October 1, so you probably will not be able to get the September rate.



Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

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 United States Senate Credit Union had $1.47 million in non-current loans and owned real-estate with $59.88 million in equity and loan loss allowances on hand to cover it. This gives United States Senate Credit Union a Texas Ratio of 2.45% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for United States Senate Credit Union experienced no significant changes from 2.21% as of March 31, 2013 to 2.45% as of March 31, 2014, resulting in a negative change of 11.03%. This indicates that the balance sheet and financial strength for United States Senate Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
C+

In the past year, United States Senate Credit Union has decreased its total deposits by -$2.55 million, resulting in -0.49% 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 United States Senate Credit Union has shown is average.

Capitalization

GRADE:
B+

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. United States Senate Credit Union has $584.11 million in assets with $59.88 million in equity, resulting in a capitalization level of 10.25%, which is above average.

Institution Statistics

Overall
NCUA #624
Year Chartered1935
Employees82
Primary Regulator
Assets and Liabilities
Assets$584.11 million
Loans$248.87 million
Deposits$521.80 million
Equity Capital$57.61 million
Loan Loss Allowance$2.27 million
Unbacked Noncurrent Loans$1.47 million
Real Estate Owned$0
Historic Data - March 2013
Assets$584.17 million
Equity Capital$55.30 million
Loan Loss Allowance$2.89 million
Unbacked Noncurrent Loans$1.47 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.24%
Return on Assets0.45%
Return on Equity4.6%
Interest Income$4.00 million
Rates

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

United States Senate Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--Roth IRA Saving Account
0.10%--Traditional IRA Saving Account
0.10%--SEP IRA Saving Account
0.06%--Primary Saving Share Account
0.06%--Youth Saving Share Account
0.06%--Holiday Club Saving Share Account

United States Senate Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.15%$100k-Senate Money Market Share Account

United States Senate Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.03%$2k-Gold Source Checking Share Account

United States Senate Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.41%$60k$100k60 Month Smart CD
1.41%$100k-60 Month Jumbo CD
1.11%$60k$100k48-60 Month Smart CD
1.11%$100k-48-60 Month Jumbo CD
0.80%$60k$100k36-48 Month Smart CD
0.80%$100k-36-48 Month Jumbo CD
0.48%$60k$100k24-36 Month Smart CD
0.48%$100k-24-36 Month Jumbo CD
0.28%$60k$100k12-24 Month Smart CD
0.28%$100k-12-24 Month Jumbo CD
0.15%$60k$100k6-12 Month Smart CD
0.15%$100k-6-12 Month Jumbo CD
0.10%$60k$100k3-6 Month Smart CD
0.10%$100k-3- 6 Month Jumbo CD

United States Senate Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.41%$60k$100k60 Month IRA
1.41%$100k-60 Month Jumbo IRA
1.11%$60k$100k48-60 Month IRA
1.11%$100k-48 Month Jumbo IRA
0.80%$60k$100k36-48 Month IRA
0.80%$100k-36-48 Month Jumbo IRA
0.48%$60k$100k24-36 Month IRA
0.48%$100k-24-36 Month Jumbo IRA
0.28%$60k$100k12-24 Month IRA
0.28%$100k-12-24 Month Jumbo IRA
0.15%$60k$100k6-12 Month IRA
0.15%$100k-6-12 Month Jumbo IRA
0.10%$60k$100k3-6 Month IRA
0.10%$100k-3-6 Month Jumbo IRA
Locations


United States Senate Credit Union Locations
Branch Office2111 Eisenhower AveAlexandria, VA 22314
Branch Office441 G St NW Rm 1100Washington, DC 20548-0001
Branch OfficeSenate Hart Building Rm # SH-118Washington, DC 20510-0001
Branch Office2750 Eisenhower AveAlexandria, VA 22314