Department of Labor Federal Credit Union


Overview / Commentary
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 10th largest credit union in the District of Columbia. It is also the 1,587th largest credit union in the nation. It was established in 1935 and as of December of 2023, it had grown to 28 employees and 8,193 members at 2 locations. Department of Labor Federal Credit Union's CD rates are 5X the national average, and it 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

Reviews (2)

Long Time Member

Posted by: |

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

Posted by: |

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.



Health

Health Grade Components

Overall
NCUA #4963
Year Chartered1935
Employees28
Primary Regulator
Profit Margin
Return on Assets - YTD0.34%
Return on Equity - YTD3.47%
Annual Interest Income$5.1MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$130.2MM$126.6MM
LoansQ4 2023vs Q4 2022$101.7MM$98.3MM
DepositsQ4 2023vs Q4 2022$113.5MM$103.9MM
Equity CapitalQ4 2023vs Q4 2022$12.7MM$12.3MM
Loan Loss AllowanceQ4 2023vs Q4 2022$691K$327K
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$276K$347K
Real Estate OwnedQ4 2023vs Q4 2022$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*-$1kJourney Savings
OTHER TIERS: 0.05% $1k+
0.30%--IRA Share Savings
0.05%$5-Regular Share
0.05%$50-Holiday Savings Club

Department of Labor Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%*$100k*-Money Market
OTHER TIERS: 0.60% $500 - $2k | 0.75% $2k - $10k | 0.90% $10k - $20k | 1.10% $20k - $40k | 1.15% $40k - $75k | 1.40% $75k - $100k

Department of Labor Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.25%-$20kReward Checking

Department of Labor Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.62%$500-6 Month Share Certificate
4.43%$500-1 Year Share Certificate
4.03%$500-2 Year Share Certificate
4.00%$500-3 Year Share Certificate
4.00%$500-4 Year Share Certificate
3.84%$500-5 Year Share Certificate

Department of Labor Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.62%$500-6 Month IRA Certificate
4.43%$500-1 Year IRA Certificate
4.03%$500-2 Year IRA Certificate
4.00%$500-3 Year IRA Certificate
4.00%$500-4 Year IRA Certificate
3.84%$500-5 Year 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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