Department of Labor Federal Credit Union
Department of Labor Federal Credit Union is headquartered in Washington and is the 11th largest credit union in the District of Columbia. It is also the 1,698th largest credit union in the nation. It was established in 1935 and as of June of 2019, it had grown to 18 employees and 6,723 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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Long Time Member
I have banked with DOLFCU since I was 16. It may not be as advanced as others, however I can say they do care about there members. When ever I needed assistance DOL has been there for me.
The Worst Financial Institution
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.
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 4963 |
| Year Chartered | 1935 |
| Employees | 18 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.77% |
| Return on Equity - YTD | 5.39% |
| Annual Interest Income | $1.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $93.2MM$92.5MM |
| Loans | Q2 2019vs Q2 2018 | $49.5MM$50.1MM |
| Deposits | Q2 2019vs Q2 2018 | $79.1MM$79.7MM |
| Equity Capital | Q2 2019vs Q2 2018 | $13.1MM$11.9MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $369.00K$474.00K |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $692.00K$907.00K |
| Real Estate Owned | Q2 2019vs Q2 2018 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Department of Labor 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 Labor Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.30% | - | - | IRA Share Savings | |
| 0.10% | $5 | - | Regular Share |
Department of Labor Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.20%* | $20k* | - | Money Market | ||
| OTHER TIERS: 0.10% → $500 - $2k | 1.10% → $2k - $20k | |||||
Department of Labor Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 3.04% | - | $20k | Reward Checking |
Department of Labor Federal Credit Union CD Rates
Department of Labor Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.21% | $500 | - | 4 Year IRA Certificate | |
| 2.11% | $500 | - | 3 Year IRA Certificate | |
| 1.91% | $500 | - | 2 Year IRA Certificate | |
| 1.81% | $500 | - | 1 Year IRA Certificate | |
| 1.50% | $500 | - | 6 Month IRA Certificate |
| Department of Labor Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 200 Constitution Ave NW Room S-3220 | Washington, DC 20210 |
| Branch Office | 2 Massachusetts Ave NE Room 2665 | Washington, DC 20212 |