2. Department of Labor Federal Credit Union

Department of Labor Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEHOW THEY COMPARE
3.04%Reward Checking
1.74% - National Average
2.11%1-year CD
2.65% - Discover Bank 12 Month CD
0.10%Savings
2.20% - Barclays Online Savings AccountAdvertisement
View all Department of Labor Federal Credit Union rates »

Overview / Commentary
www.dolfcu.org
202-789-2901
200 Constitution Ave NW Room S-3220
Washington, DC 20210

Department of Labor Federal Credit Union is headquartered in Washington and is the 12th largest credit union in the District of Columbia. It is also the 1,710th largest credit union in the nation. It was established in 1935 and as of December of 2018, it had grown to 18 employees and 6,957 members at 2 locations. Department of Labor Federal Credit Union's money market rates are 3X the national average, and it 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

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Reviews (1)

The Worst Financial Institution

Posted by: DSmith | Apr 25, 2017

Hands down the WORST, and most ANTIQUATED , financial institution I have ever done business with. Yes they have ok rates, but at the end of the day all money ain’t good money. The customer service of DOLFCU is completely subpar. The website and mobile app are the user friendly. Any potential customers, you certainly have choices, make the best choice to stay away from this credit union.

2


Health
B+

Data as of Q4 2018

Learn why bank health matters
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Department of Labor Federal Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #4963
Year Chartered1935
Employees18
Primary Regulator
Profit Margin
Return on Assets - YTD0.93%
Return on Equity - YTD6.71%
Annual Interest Income$3.4MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$89.6MM$89.1MM
LoansQ4 2018vs Q4 2017$50.2MM$49.1MM
DepositsQ4 2018vs Q4 2017$76.4MM$76.3MM
Equity CapitalQ4 2018vs Q4 2017$12.5MM$11.8MM
Loan Loss AllowanceQ4 2018vs Q4 2017$376.00K$493.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$1.0MM$678.00K
Real Estate OwnedQ4 2018vs Q4 2017$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Department of Labor Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%--IRA Share Savings
0.10%$5-Regular Share

Department of Labor Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.30%*$20k*-Money Market
OTHER TIERS: 0.10% → $500 - $2k | 1.20% → $2k - $20k

Department of Labor Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.04%-$20kReward Checking

Department of Labor Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.83%$500-4 Year Share Certificate
2.62%$500-3 Year Share Certificate
2.42%$500-2 Year Share Certificate
2.11%$500-1 Year Share Certificate
1.81%$500-6 Month Share Certificate

Department of Labor Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.83%$500-4 Year IRA Certificate
2.62%$500-3 Year IRA Certificate
2.42%$500-2 Year IRA Certificate
2.11%$500-1 Year IRA Certificate
1.81%$500-6 Month IRA Certificate
Locations


Department of Labor Federal Credit Union Locations
Branch Office200 Constitution Ave NW Room S-3220Washington, DC 20210
Branch Office2 Massachusetts Ave NE Room 2665Washington, DC 20212

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