Democracy Federal Credit Union


Overview / Commentary
202-488-5400
400 N Columbus St
Alexandria, VA 22314

Democracy Federal Credit Union is headquartered in Alexandria and is the 39th largest credit union in the state of Virginia. It is also the 1,359th largest credit union in the nation. It was established in 1936 and as of September of 2022, it had grown to 24 employees and 12,468 members at 6 locations. Democracy Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to those who live, work, worship, attend school, or regularly conduct business in most areas of the City of Alexandria, Arlington and Fairfax Counties, Virginia, most areas of Prince George’s and Montgomery Counties in Maryland, and all areas of the city of Washington D.C.
See current membership details

Exception Service

Democracy provided me with exceptional service. They helped me with a debt consolidation loan. I couldn't be happier. Highly recommend them.

Great Experience

Posted by: |

I am not sure why this credit union has such bad reviews.

I opened an account online, had several conversations on the phone and visited the Alexandria branch.

The staff is pleasant, and I was able to open a ROTH IRA at a very competitive rate.

$25 Reward For Membership Sponsor At DFCU

Posted by: |

Seeking an Existing Member at Democracy Federal Credit Union (DFCU) to sponsor me to join DFCU. $25 reward paid to that member upon approval of my membership application . Please contact me at 4133150259 or PM by hitting chrisking above.

Thanks,

Chris

Horrible Experience

This is a terrible financial institution. You can call them any time of day but noone answers the phone and if you leave a message with your name and number they will never get back to you. It took TWO MONTHS from the date that I opened my account to receive a debit card. They do not cash checks for anyone as a policy, even if you are a paying member, and any checks you deposit will have a hold placed on them for one to two days. The employees are apathetic and rude and the management doesn't know the meaning of customer service. I wouldn't recommend this credit union to my worst enemy.

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Health
B+

Health Grade Components

Overall
NCUA #1407
Year Chartered1936
Employees24
Primary Regulator
Profit Margin
Return on Assets - YTD0.32%
Return on Equity - YTD3.84%
Annual Interest Income$5.3MM
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$174.6MM$176.4MM
LoansQ3 2022vs Q3 2021$126.6MM$112.8MM
DepositsQ3 2022vs Q3 2021$156.5MM$157.1MM
Equity CapitalQ3 2022vs Q3 2021$14.6MM$15.7MM
Loan Loss AllowanceQ3 2022vs Q3 2021$797.00K$724.00K
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$98.00K$62.00K
Real Estate OwnedQ3 2022vs Q3 2021$0$87.00K
Rates

Rates for Democracy Federal Credit Union are currently being reviewed.

Locations


Democracy Federal Credit Union Locations
Branch Office5720 Silver Hill RdDistrict Heights, MD 20747
Branch Office200 Independence Ave SWWashington, DC 20201
Branch Office300 Spring Garden StPhiladelphia, PA 19123
Branch Office400 N Columbus StAlexandria, VA 22314
Branch Office400 N Columbus StAlexandria, VA 22314-2259
Branch Office550 C St SWWashington, DC 20024-2572

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