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AgFed Credit Union

Popular Accounts at this Credit Union

2.00%5-year CD60 Month Share Certificate
2.00%5-year IRA60 Month IRA Certificate (Traditional, Roth, CESA)
1.80%4-year CD48 Month Share Certificate

Overview / Commentary
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 780th largest credit union in the nation. It was established in 1934 and as of September of 2017, it had grown to 55 employees and 25,777 members at 6 locations. AgFed Credit Union's CD rates are 33% higher than 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 CityDance Association ($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

AgFed Credit Union 30-Month No Penalty CD Returns - 9/13/2017

AgFed CU (easy membership) is offering a 30-month No Penalty Certificate (1.85% APY), with 1 penalty-free withdrawal. Min deposit is $1k of new money with no balance cap.

30 Month 1.85% No Penalty CD - 9/10/2017

https://arb4.digitalmailer.com/display.php?M=1410686&C=8e8a8537e833bb6798c9df823dbaeb9e&S=15866&L=12&N=5183 Agfed Nationally Available 30 month 1.85%. You may make 1 penalty free withdrawal. You many withdraw some of the CD or all of it. $1000 of new money required to open

AgFed Credit Union Brings Back 30-Month No Penalty CD - 3/3/2017

AgFed Credit Union brought back its 30-month No Penalty CD (1.55% APY). The rate is a little higher than the last time AgFed offered this special.

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Reviews (4)

Good Experiences With Agfed

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.

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.

Same Problem

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.

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.


Health Grade Components

NCUA #16400
Year Chartered1934
Primary Regulator
Profit Margin
Return on Assets - YTD0.19%
Return on Equity - YTD1.66%
Annual Interest Income$6.8MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$306.0MM$279.4MM
LoansQ3 2017vs Q3 2016$188.1MM$173.4MM
DepositsQ3 2017vs Q3 2016$270.6MM$244.0MM
Equity CapitalQ3 2017vs Q3 2016$33.6MM$33.7MM
Loan Loss AllowanceQ3 2017vs Q3 2016$1.9MM$1.6MM
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$1.8MM$2.5MM
Real Estate OwnedQ3 2017vs Q3 2016$0$87.00K
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* 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

0.10%*$2,500*-Base Shares
OTHER TIERS: 0.05% $100 - $2,500
0.10%*$2,500*-Vacation Club
OTHER TIERS: 0.05% $100 - $2,500
0.10%--IRA Share Savings
0.10%*$2,500*-Holiday Club
OTHER TIERS: 0.05% $100 - $2,500
0.05%--Young Millionaire
0.05%--Young Savers

AgFed Credit Union Money Market Rates

0.40%*$50k*-Money Market Account
OTHER TIERS: 0.05% Up to $2,500 | 0.10% $2,500 - $10k | 0.25% $10k - $50k

AgFed Credit Union CD Rates

2.00%$1k-60 Month Share Certificate
1.80%$1k-48 Month Share Certificate
1.70%$1k-36 Month Share Certificate
1.50%$1k-24 Month Share Certificate
1.40%$1k-18 Month Share Certificate
1.20%$1k-12 Month Share Certificate
0.70%--24 Month Asset Builder Certificate
0.70%$1k-6 Month Share Certificate

AgFed Credit Union IRA Rates

2.00%$1k-60 Month IRA Certificate
1.80%$1k-48 Month IRA Certificate
1.70%$1k-36 Month IRA Certificate
1.50%$1k-24 Month IRA Certificate
1.40%$1k-18 Month IRA Certificate
1.20%$1k-12 Month IRA Certificate
0.70%$1k-6 Month IRA Certificate

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 Office3101 Park Center Dr Ste 302Alexandria, VA 22302