Department Of Commerce Federal Credit Union


Overview / Commentary
202-808-3600
1401 Constitution Ave NW B-0038A
Washington, DC 20230

Department Of Commerce Federal Credit Union is headquartered in Washington and is the 3rd largest credit union in the District of Columbia. It is also the 574th largest credit union in the nation. It was established in 1964 and as of March of 2020, it had grown to 74 employees and 18,584 members at 3 locations. Department Of Commerce Federal Credit Union has an A health rating.

Field of Membership Restrictions

Membership in Department Of Commerce Federal Credit Union is open to residents of Delaware, Maryland, Pennsylvania, Virginia, and West Virginia through membership in the Maryland Consumer Council. Individuals who live, work, worship, or attend school in Washington D.C. qualify for membership, as do the employees of the U.S. Department of Commerce, NOAA, or affiliates.
See current membership details

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Health

Health Grade Components

Overall
NCUA #16410
Year Chartered1964
Employees74
Primary Regulator
Profit Margin
Return on Assets - YTD0.17%
Return on Equity - YTD2.47%
Annual Interest Income$5.4MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$538.5MM$507.7MM
LoansQ1 2020vs Q1 2019$403.4MM$355.1MM
DepositsQ1 2020vs Q1 2019$429.4MM$399.6MM
Equity CapitalQ1 2020vs Q1 2019$37.2MM$40.0MM
Secondary CapitalQ1 2020vs Q1 2019$4.4MM
Loan Loss AllowanceQ1 2020vs Q1 2019$1.5MM$1.4MM
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$769.00K$1.0MM
Real Estate OwnedQ1 2020vs Q1 2019$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Department Of Commerce Federal 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.

Department Of Commerce Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Share Savings Account
0.05%--Club Account
0.05%--Youth Share Savings Account

Department Of Commerce Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$50k*-Money Market Account
OTHER TIERS: 0.10% $2.5k - $20k | 0.15% $20k - $50k
0.20%*$50k*-IRA Money Market Account
OTHER TIERS: 0.10% $100 - $20k | 0.15% $20k - $50k

Department Of Commerce Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.01%-$20kPerformance Checking Account

Department Of Commerce Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.07%$500-60-84 Month CD
0.97%$500-48-59 Month CD
0.87%$500-36-47 Month CD
0.81%$500-24-35 Month CD
0.71%$500-12-23 Month CD
0.56%$500-6-11 Month CD

Department Of Commerce Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.07%$500-60-84 Month Fixed IRA
0.97%$500-48-59 Month Fixed IRA
0.87%$500-36-47 Month Fixed IRA
0.81%$500-24-35 Month Fixed IRA
0.71%$500-12-23 Month Fixed IRA
Locations


Department Of Commerce Federal Credit Union Locations
Branch Office1325 E West HwySilver Spring, MD 20910
Branch Office1401 Constitution Ave NW Rm B-841AWashington, DC 20230-0001
Branch Office1724 F St NWWashington, DC 20505

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