Department of Labor Federal Credit Union
Department of Labor Federal Credit Union is headquartered in Washington and is the 9th largest credit union in the District of Columbia. It is also the 1,557th largest credit union in the nation. It was established in 1935 and as of March of 2025, it had grown to 38 employees and 8,493 members at 2 locations. Department of Labor Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
DOLFCU is open to employees, retirees, and immediate family members of the Department of Labor, the National Labor Relations Board, or other select organizations (a complete list of groups is listed on the credit union's website).
See current membership details
This Credit Union Is Not Trustworthy
Please read the customer companies before joining this credit union. I have had money stolen. I have been denied transfer funds to her Navy Federal account in January with POA status. I was told that by Ms Kennedy that I'm not even going to look at those transfer papers. I had to resubmit power of attorney papers several times. Even after resubmit the papers still no power of attorney. Had to go down in person twice with my mother. They still don't do the power of Attorney. Had to have a meet with Ms Kennedy to finally get it done. As power of attorney I requested cash ,I told that the credit union has to order cash it would take a week. I went to Dolfcu or lcu to get a certified check. No problem there. Ms Kennedy was not involved. Didn't use the check and called the morning when the cash is supposed to be there. Only to find out someone canceled my cash order. I had to reorder and wait another week. I call before I went to retrieve the cash and return the unused check. I was told Ms. Kennedy has the cash and she was going to taKe care of the transactions.So after spending several hours with Ms Kennedy in her office she refused to give me the cash as POA and took the check. She stated that Power of Attorney CANNOT withdraw cash. I then requested an copy of that policy and the credit union policy for POA. She stated that members are not privileged to read those policies. Then ask for a receipt of the transaction THE account was short.
?0,000 x 2 thousands of thousands.
The first thing came to mind ( which I could be wrong) is she trying to steal it. The CASH is setting on her desk. I ask her are you'll trying to steal it? She never replied. I was dismissed and denied the cash transaction. Please don't waste your time with this Credit union. It very hard to reach this credit union by phone unless you leave a bad review. Once you leave the negative review someone will call with then 10 minutes.
Dept Of Labor Credit Union DOLFCU HORRIBLE!!
This credit Union is horrible. The workers steal your money, as I deposited $5000 cash and the counter read that, but the heavy set Latina with short hair and glasses deposited $4950. I deposited a little over $1000 in the DOLFCU ATM before Christmas and after the new year my money hadn’t been deposited into my account yet. After my complaint, I received a partial payment. Then, they allowed a crook to commit cyber fraud against me, as he was found to be a disbarred attorney impersonating a practicing attorney (pathetic)! This credit Union has scammers working there so they must sympathize with scammers, crools, and thieves. The CEO is a sexist pig who thinks he can disrespect black woman and speak to them as if they are a child. He is challenge by woman for more educated and smarter that him. Their board of trustees are worthless. You can forward recordings videos, documents, and the Trustee rep who responded to me came off as clueless and inept. They like to sweep things under the rug, and block you access to your account. I had to sue them all just to get my $1500 return from the crooks. I closed my account out and demanded return of my monies. I told my family to discontinue all business with DOLFCU and to spread the word to other unsatisfied customers. The power of the black dollar (as we are the highest spenders-unfortunately), we make this economy. If we are not respected, we can withhold our money and choose to save. We have the power to change everything we don’t like. Hold on to your money. Don’t do bad business. And certainly, let every business you deal with know to respect you and take you seriously… because a failure to do so means we won’t spend our hard earned dollars.
DOLFCU retaliated to my suit and complaints by charging me a BOGUS $25 fee, though the last screen shot I took of my account (before I told them to close it and sent me my money in a check), showed I still had funds in saving and checking. DOLFCU made up this bogus charge to create a negative balance and filed my account as a 60 collections (for one month) and then charged off the amount. Having a collections for any charge off amount is far more damaging to your credit. They also attached my minor child’s account, who owed nothing. I was able to see my account by logging into her account after they denied me access when I demand my account closed and my funds return.
Dept of Labor Federal Credit Union DOLFCU: they are everything lawless in banking and totally predatory scammers. I call for the CEO being fired for allowing this! The board should be replaced too. They skim out money to advance themselves. This actually happened to me. Attaching video and audio recordings.
We can work and spend money, but we can’t get respect and protections from the ones we invest with!! Oh, heck NO!!
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 4963 |
| Year Chartered | 1935 |
| Employees | 38 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.13% |
| Return on Equity - YTD | 1.34% |
| Annual Interest Income | $1.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $137.6MM$135.5MM |
| Loans | Q1 2025vs Q1 2024 | $104.9MM$101.7MM |
| Deposits | Q1 2025vs Q1 2024 | $113.7MM$115.4MM |
| Equity Capital | Q1 2025vs Q1 2024 | $12.9MM$12.1MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $709K$595K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $375K$438K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |