2. AgFed Credit Union

AgFed Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEHOW THEY COMPARE
3.00%5-year CD
3.10% - Goldman Sachs Bank USA High-yield 5 Year CDAdvertisement
3.00%5-year IRA
2.20% - National Average
2.70%4-year CD
2.85% - Barclays 48 Month Online CDAdvertisement
View all AgFed Credit Union rates »

Overview / Commentary
www.agfed.org
202-479-2270
1400 Independence Ave SW USDA Bldg Room SM 2
Washington, DC 20250

AgFed Credit Union is headquartered in Washington and is the 4th largest credit union in the District of Columbia. It is also the 758th largest credit union in the nation. It was established in 1934 and as of September of 2018, it had grown to 56 employees and 24,988 members at 7 locations. AgFed Credit Union's CD rates are 2X the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in AgFed Credit Union is open to anyone through either The Friends of National Zoo ($20 one-time fee) or The Friends of the National Arboretum ($20 one-time fee); joining either is part of the Credit Union's application process. Membership is also open to those who live, work, worship, volunteer, or attend school in the District of Columbia, and employees (current and retired) of the 60+ SEGs.
See current membership details

Related Posts

21-Month CD Special Expired - 10/19/2018

The 21-month CD is no longer listed on AgFed's website. I called and confirmed it's no longer being offered.

AgFed Credit Union Adds 21-Month CD Special - 10/12/2018

AgFed Credit Union (easy membership) has a new 21-month CD Special, which earns 3.20% APY. This limited-time offer requires a $1k minimum deposit of new money.

Agfed 21-Month CD, 3.20% APY - 10/11/2018

"A 21-month limited-time certificate for funds not held at AgFed" as per rotating window on credit union's home page https://www.agfed.org/ minimum of $1000 https://www.agfed.org/savings/share-certificates/

View all posts from:

8/31/15 - AgFed Credit Union Promotes Long-Term Competitive CDs
5/16/15 - AgFed Credit Union Raises Rate On 60-Month CD To Competitive Level
2/13/15 - AgFed Credit Union's No-Penalty Certificate Specials
9/17/14 - AgFed Credit Union's Limited Time Great Rate 30-Month No Penalty CD
9/16/14 - Agfed 30 Month 1.5% CD No Penalty
3/19/12 - Competitive CD Rates at Agriculture FCU - Easy Membership
1/18/11 - Agriculture FCU Fee For Paper Statements
2/18/10 - You Might Consider Adding Agriculture Federal CU To Your CD List
1/10/10 - 3.00% No-Penalty 60-Month IRA CD at Agriculture FCU - Easy Membership
12/10/08 - 4.25% 10-Month No-Penalty CD at Agriculture FCU - Easy Membership
10/16/08 - 3.75% 36-Month No-Penalty CD at Agriculture FCU - Easy Membership
5/21/08 - Agriculture FCU's No-Penalty 3.50% 36-Month CD - Easy Membership
7/28/07 - 6.00% 10-Month CD at Agriculture FCU (Open to All)
7/28/07 - Agriculture FCU's 6% CD is Ending Tomorrow
7/27/07 - Last Day for Agriculture FCU's 6% 10-Month CD
3/8/07 - Agriculture FCU IRA CD Rates Up To 6.00%
3/1/07 - Agriculture FCU Raises CD Rates Up To 5.75%
11/27/06 - Joining AFCU and Opening a 6.00% 60-Month Share Certificate
11/21/06 - 6.00% 60-Month CD at Agriculture FCU (Open to All)
11/17/06 - 6.10% 16-Month CD at Agriculture FCU Expires End of Monday
11/10/06 - 6.10% 16-Month CD at Agriculture FCU - $25K Min
6/15/06 - Agriculture FCU CD Rates Fall, There's Still a 6% 60-Month CD
6/10/06 - 6% 6-Month / 6.36% 36-Month CD at a DC CU (Open to All).
6/8/06 - 6.50% 48-Month CD at Agriculture FCU (open to all)

Reviews (4)

Good Experiences With Agfed

Posted by: matthewgast | Sep 19, 2017

I joined AgFed in March 2017 for the 1.55% APY no-penalty CD. It was a great product, and using a no-penalty CD to hold short-term savings is a great idea. AgFed's rate was higher than almost anything I could get at the time, and getting the extra 55 basis points was worth the $20 to join Friends of the National Zoo.

Fast forward to September 2017, and they're running another no-penalty CD special. Although the online application form is not working, I've found them easy to work with. The first time I tried to open a CD on line, they actually called me unsolicited, I assume because they could see a half-completed app in their system. I've called twice to open CDs; the first time, I was transferred right away, and the second time I waited about 35 minutes for a callback. In both cases, I could say "I want a no-penalty CD" and the account was opened when I was on the phone. And it was opened, because when I logged in right after the call, the new CD was right there for me.

Yes, it's a little bit of extra work, but 1.85% for a rate that is almost liquid for three years is worth ten minutes on the phone.

3

Have Had Good Experience With Agfed

Posted by: paulaj | Sep 19, 2017

I have had pretty good experience with AgFed. When I opened my 1,65% 48 month Cd 3 years back, I opened the CD by phone (Had to wire funds to open).Two Phone reps I dealt with were very knowledgeable and professional. One was clueless.

I generally do not let quality of phone reps overly sway my impression of the financial institution. If it is a large one, quality of reps can vary based on time of day you call. If it is a small institution, the reps are either really good, good or "I just started today" ok.

I counter logistical/service frustration by having the mind set that inefficiency and hassles are part of the deal for getting a rate that FAR surpasses anything I can get locally.

3

Same Problem

Posted by: SavingsQueen | Sep 15, 2017

I went through the exact same process as previous poster. I contacted them via email and told them to delete my info, I wasn't interested anymore. Received a response from a branch manager giving me directions to open a savings account then contact her directly and she would open the CD. Today I wasted another 45 trying that with the same results. Agree, I was going to transfer 6 figures and don't feel comfortable doing that at all at this point.

4

Unable To Apply ONLINE For 30 Month No Penalty CD

Posted by: pwj7050 | Sep 14, 2017

Yesterday, 9/13/17 I attempted to apply online for a 30 month no penalty CD. I tried several times but received an error code, JEEL that would not permit me to continue the application process.

I called their customer service number but the operators were clueless and told me someone familiar with the issue would call me. I received a call an hour later, and the person told me she could take my info over the phone since their system was having problems. I told her that I would prefer to do the application online and not over the phone. She informed me that the problem would be corrected by the next day so I agreed to complete the application online then.

The next day is today, 9/14/17, but the system is still down. I called back and once again the operators were unaware of the problem. I was told again that I would get a call back within probably 1 business day. So, once again I'm waiting.

I won't be available tomorrow for the call, so assuming I want to do business with them, I'll have to wait until next Monday.

This is very poor customer service and concerns me about depositing 6 figures $ with this credit union. While they are insured, I don't like the prospect of their website going down and their people being clueless to that fact.

Also, they are only open until 3:30 PM Eastern time. That's another problem.

9


Health
A

Data as of Q3 2018

Learn why bank health matters

Health Grade Components

Overall
NCUA #16400
Year Chartered1934
Employees56
Primary Regulator
Profit Margin
Return on Assets - YTD0.36%
Return on Equity - YTD3.56%
Annual Interest Income$7.9MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$331.3MM$306.0MM
LoansQ3 2018vs Q3 2017$215.1MM$188.1MM
DepositsQ3 2018vs Q3 2017$296.1MM$270.6MM
Equity CapitalQ3 2018vs Q3 2017$33.2MM$33.6MM
Loan Loss AllowanceQ3 2018vs Q3 2017$2.0MM$1.9MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$1.1MM$1.8MM
Real Estate OwnedQ3 2018vs Q3 2017$0$0
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

21-Month CD Special Expired

Carpline   |  
The 21-month CD is no longer listed on AgFed's website. I called and confirmed it's no longer being offered.
8

Agfed 21-Month CD, 3.20% APY

alan1   |  
"A 21-month limited-time certificate for funds not held at AgFed" as per rotating window on credit union's home page https://www.agfed.org/

minimum of $1000
https://www.agfed.org/savings/share-certificates/
9

16/16/16 Share Certificate Special - Not Listed as of 9/26/18

SYC   |  
Presumably not available any more.
1

Rates
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Always verify rates and promotions with the bank or credit union. We are not AgFed Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

AgFed Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$2.5k*-Base Shares
OTHER TIERS: 0.05% → $100 - $2.5k
0.10%*$2.5k*-Vacation Club
OTHER TIERS: 0.05% → $100 - $2.5k
0.10%--IRA Share Savings
0.10%*$2.5k*-Holiday Club
OTHER TIERS: 0.05% → $100 - $2.5k
0.05%--All-Stars Account
0.05%--Young Millionaire Account

AgFed Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.95%*$100k*-Money Market Account
OTHER TIERS: 0.05% → Up to $2.5k | 0.40% → $2.5k - $10k | 0.55% → $10k - $50k | 0.75% → $50k - $100k

AgFed Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%$1k-60 Month Share Certificate
2.70%$1k-48 Month Share Certificate
2.60%$1k-36 Month Share Certificate
2.50%$1k-24 Month Share Certificate
2.35%$1k-18 Month Share Certificate
2.05%$1k-12 Month Share Certificate
1.55%--24 Month Asset Builder Certificate
1.45%$1k-6 Month Share Certificate

AgFed Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%$1k-60 Month IRA Certificate
2.70%$1k-48 Month IRA Certificate
2.60%$1k-36 Month IRA Certificate
2.50%$1k-24 Month IRA Certificate
2.35%$1k-18 Month IRA Certificate
2.05%$1k-12 Month IRA Certificate
1.45%$1k-6 Month IRA Certificate
Locations


AgFed Credit Union Locations
Branch Office1400 Independence Ave SW USDA Bldg Room SM 2Washington, DC 20250
Branch Office355 E St SW Suite 3-190Washington, DC 20024
Branch Office1400 Independence Ave SW USDA Bldg Room 1210Washington, DC 20250
Branch Office4700 River Rd Ste 1C09Riverdale, MD 20737
Branch Office5601 Sunnyside Ave Rm 1-1180Beltsville, MD 20705
Branch Office10300 Baltimore Ave Building 003 Rm 327Beltsville, MD 20705
Branch Office3101 Park Center Dr Ste 302Alexandria, VA 22302

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.