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Department of Labor Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
3.04%Reward CheckingReward Checking
1.96% - National Average
1.71%1-year CD1 Year Share Certificate
2.30% - Ally Bank High Yield 12-Month CDAdvertisement
0.10%SavingsRegular Share
1.75% - Ally Bank Online Savings AccountAdvertisement
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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 1,715th largest credit union in the nation. It was established in 1935 and as of March of 2018, it had grown to 20 employees and 6,904 members at 2 locations. Department of Labor Federal Credit Union's money market rates are 2X the national average, and it has an A 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

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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
A

Data as of Q1 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
Employees20
Primary Regulator
Profit Margin
Return on Assets - YTD0.69%
Return on Equity - YTD5.22%
Annual Interest Income$805.00K
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$90.0MM$87.1MM
LoansQ1 2018vs Q1 2017$48.6MM$46.5MM
DepositsQ1 2018vs Q1 2017$77.3MM$75.4MM
Equity CapitalQ1 2018vs Q1 2017$11.8MM$11.1MM
Loan Loss AllowanceQ1 2018vs Q1 2017$468.00K$622.00K
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$569.00K$740.00K
Real Estate OwnedQ1 2018vs Q1 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%--Regular Share

Department of Labor Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.90%*$20k*-Money Market
OTHER TIERS: 0.10% → $500 - $2k | 0.80% → $2k - $20k

Department of Labor Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.04%*-$20kReward Checking
OTHER TIERS: 0.20% → $20k+

Department of Labor Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.52%$500-4 Year Share Certificate
2.32%$500-3 Year Share Certificate
2.11%$500-2 Year Share Certificate
1.71%$500-1 Year Share Certificate
1.40%$500-6 Month Share Certificate

Department of Labor Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.52%$500-4 Year IRA Certificate
2.32%$500-3 Year IRA Certificate
2.11%$500-2 Year IRA Certificate
1.71%$500-1 Year IRA Certificate
1.40%$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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