Department of Labor Federal Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
3.04%	Reward Checking	Reward Checking 1.84% - National Average
0.70%	1-year CD	1 Year Share Certificate 1.50% - Goldman Sachs Bank USA 12 Month CD
0.10%	Savings	Regular Share 1.35% - CIT Bank Premier High Yield Savings

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 13^th largest credit union in the District of Columbia. It is also the 1,755^th largest credit union in the nation. It was established in 1935 and as of June of 2017, it had grown to 19 employees and 7,095 members at 2 locations. Department of Labor Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to those who are employees, retiree, immediate family member of the Department of Labor, the National Labor Relations Board, or other select organizations.
See current membership details

Reviews (1)

Write a Review

Featured Account Options

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.

Comment

2

Health

B+

Data as of Q2 2017

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 Chartered	1935
Employees	19
Primary Regulator

Profit Margin
Return on Assets - YTD	1%
Return on Equity - YTD	7.56%
Annual Interest Income	$1.6MM

Assets and Liabilities
Assets	Q2 2017vs Q2 2016	$86.4MM$86.5MM
Loans	Q2 2017vs Q2 2016	$46.7MM$43.6MM
Deposits	Q2 2017vs Q2 2016	$74.4MM$74.7MM
Equity Capital	Q2 2017vs Q2 2016	$11.4MM$11.1MM
Loan Loss Allowance	Q2 2017vs Q2 2016	$549.00K$911.00K
Unbacked Noncurrent Loans	Q2 2017vs Q2 2016	$762.00K$944.00K
Real Estate Owned	Q2 2017vs Q2 2016	$0$0

Rates

Skip to rates for:

Savings
Money Market
Checking
CD
IRA

Report an Issue

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
0.25%	-	-	IRA Share Savings
0.25%	-	-	Roth IRA Share Savings
0.25%	-	-	Coverdell Education Share Savings
0.10%	-	-	Regular Share

Department of Labor Federal Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.25%^*	$20k^*	-	Money Market
OTHER TIERS: 0.10% → Up to $2k \| 0.15% → $2k - $20k

Department of Labor Federal Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
3.04%^*	-	$20k	Reward Checking
OTHER TIERS: 0.20% → $20k+

Department of Labor Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.71%	$500	-	4 Year Share Certificate
1.40%	$500	-	3 Year Share Certificate
1.10%	$500	-	2 Year Share Certificate
0.70%	$500	-	1 Year Share Certificate
0.50%	$500	-	6 Month Share Certificate

Department of Labor Federal Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.71%	$500	-	4 Year IRA Certificate
1.40%	$500	-	3 Year IRA Certificate
1.10%	$500	-	2 Year IRA Certificate
0.70%	$500	-	1 Year IRA Certificate
0.50%	$500	-	6 Month IRA Certificate

Locations

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