Department of Labor Federal Credit Union
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 1,722nd largest credit union in the nation. It was established in 1935 and as of June of 2020, it had grown to 16 employees and 6,976 members at 2 locations. Department of Labor Federal Credit Union has an A+ 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 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 4963 |
| Year Chartered | 1935 |
| Employees | 16 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -1.54% |
| Return on Equity - YTD | -11.27% |
| Annual Interest Income | $1.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $100.6MM$93.2MM |
| Loans | Q2 2020vs Q2 2019 | $52.3MM$49.5MM |
| Deposits | Q2 2020vs Q2 2019 | $87.0MM$79.1MM |
| Equity Capital | Q2 2020vs Q2 2019 | $13.0MM$13.1MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $687.00K$369.00K |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $76.00K$692.00K |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$0 |