Featured Savings Rates
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Educational Systems Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.90%5-year CD60 Month Share Certificate
1.00%1-year CD12 Month Share Certificate
0.05%SavingsRegular Savings

Overview / Commentary
800-356-6660
7500 Greenway Center Dr Suite 1400
Greenbelt, MD 20770

Educational Systems Federal Credit Union is headquartered in Greenbelt and is the 8th largest credit union in the state of Maryland. It is also the 299th largest credit union in the nation. It was established in 1955 and as of June of 2016, it had grown to 216 employees and 87,353 members at 13 locations. Educational Systems Federal Credit Union's CD rates are 33% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

Membership is open to employees, students, parents, and immediate family of Anne Arundel, Calvert, Charles, Montgomery, Prince George’s, St. Mary’s and Talbot County Public Schools, College of Southern Maryland, Montgomery College, Montgomery College Alumni Association, Prince George’s Community College (PGCC) and PGCC Alumni. Membership is also open to those who live or work in St. Mary County.
See current membership details

Related Posts

Educational Systems FCU (5 Yr CD, 3.37%APY) $100K Min - 10/7/2015

The CD is available at this rate for Star members, otherwise 2.81%APY.  Additional details are here.  Details to qualify for the Star membership are here.

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Reviews (1)

ABSOLUTELY HORRIBLE EXPERIENCE AT ESFCU!!!!

Posted by: russ4246 | Mar 1, 2016

ABSOLUTELY HORRIBLE EXPERIENCE at ROCKVILLE EDUCATIONAL SYSTEMS FCU!!!!

I applied for an Used Auto Loan and got a "FULL APPROVAL" letter for a $40,000 Loan with my exceptionally high 791 Credit Score.
I went into the Rockville Branch to get a check for the car so I could send it to the Dealer in New Jersey where the car was located.

I was then told by ESFCU the car HAD to be "MD INSPECTED" prior to getting the check. I said, that's impossible as the dealer is NOT going to release the car until it is FULLY PAID FOR nor can the the NJ dealer "MD INSPECT the car" in New Jersey. It's a CATCH-22!!!!

I explained to ESFCU that I had already had the car "FULLY INSPECTED" by an Authorized BMW Dealership AND had a full report that showed the car had passed more than a 100 point inspection with FLYING COLORS. I gave them a copy of the BMW Inspection Report.

With only 42,000 miles on it, the only thing the car needed was a new battery which was replaced under warranty as the car is still 100% WARRANTED UNDER THE BUMPER TO BUMPER 4 YEAR/50,000 MILE FACTORY WARRANTY that includes ALL MAINTENANCE ITEMS too. But that's NOT good enough for the INEPT IDIOTS at ESFCU.

So then ESFCU said, IF I CAN PROVE MY INCOME THEY WILL GIVE ME THE CHECK FOR THE CAR and they will OVERLOOK THE MD INSPECTION "FOR NOW" UNTIL I get the car inspected down here in MD once I receive it in shipment. ESFCU could NOT EXPLAIN to me why it was necessary for me to prove my income as I was already "fully approved" by them.

ESFCU told me they needed my 2014 Tax Return to "prove my income". I make well into the 6 figures so I said, NO PROBLEM. I went all the way back home and got my 2014 tax return. I also brought a copy of my other bank's statement at Sandy Spring Bank SHOWING MY CURRENT BALANCE AS OF THAT DAY 3/1/16. I carry a "7" figure balance so I could easily pay cash for the car if I choose too, but I wanted to take advantage of the low used auto loan interest rates.

I get back to the Rockville ESFCU Branch with my 2014 Tax Return and then they decided I needed both my 2014 AND 2013 Tax Returns. Enough is enough, tired of being "JERKED AROUND" I went to my other bank (Sandy Spring Bank) and got a certified "Cashiers Check" for the $40,000 in order to "just pay cash" and I sent it to the NJ Dealer.

ESFCU acted as if I was going to turn a $40,000 car into a paperweight and never get it MD INSPECTED and therefore never be able to drive it legally nor get tags for it??? This is insane and they are STUPID, STUPID, STUPID IDIOTS. They are TOTALLY CLUELESS with guidelines for making auto loans that make ABSOLUTELY NO SENSE WHATSOEVER!!!!

Funny thing is, I borrowed $27,000 from MCTFCU about 3 years ago for my current 2008 BMW BEFORE it was taken over by ESFCU and I had absolutely NO PROBLEM getting the loan for a car that I had located and purchased in N. California. NO, It had NOT BEEN MD INSPECTED at the time I got the loan. I had it shipped it back to MD where I got it MD INSPECTED and I currently drive it today until I get this newer 2012 and sell my current 2008 model.

Further, I still make payments on this $27,000 loan to ESFCU and have had a perfect payment record for 3 years as I always make my payments a month ahead of when they are due so THEY ARE NEVER EVER LATE.

I am the PERFECT LOAN CUSTOMER WITH ZERO RISK BUT these people at ESFCU are TOTALLY CLUELESS!!!! AND THEREFORE, THEY LOSE BUSINESS FROM QUALITY CUSTOMERS LIKE MYSELF. THIS TRULY DOES MAKE THEM "ARCAIC IDIOTS"!!!!



Health
A

Health Grade Components

Overall
NCUA #10696
Year Chartered1955
Employees216
Primary Regulator
Profit Margin
Return on Assets - YTD0.26%
Return on Equity - YTD2.78%
Annual Interest Income$12.9MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$878.5MM$814.2MM
LoansQ2 2016vs Q2 2015$520.6MM$460.7MM
DepositsQ2 2016vs Q2 2015$748.1MM$688.6MM
Equity CapitalQ2 2016vs Q2 2015$81.8MM$78.7MM
Loan Loss AllowanceQ2 2016vs Q2 2015$4.0MM$3.6MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$5.1MM$4.3MM
Real Estate OwnedQ2 2016vs Q2 2015$152.00K$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.

Educational Systems Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*-$20kSummer Pay
OTHER TIERS: 0.05% $20k+
0.05%--Regular Savings
0.05%--Special Purpose Club
0.05%--IRA Savings
0.05%--Roth IRA Savings
0.05%--Educational IRA Savings

Educational Systems Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$100k*-Money Market
OTHER TIERS: 0.30% $2,500 - $20k | 0.40% $20k - $100k
0.50%*$100k*-IRA Money Market
OTHER TIERS: 0.30% $2,500 - $20k | 0.40% $20k - $100k
0.50%*$100k*-Educational IRA Money Market
OTHER TIERS: 0.30% $2,500 - $20k | 0.40% $20k - $100k

Educational Systems Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$500-Dividend Checking

Educational Systems Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.10%$100k-60 Month Jumbo Star Member CD
2.00%$500-60 Month Star Member CD
2.00%$100k-60 Month Jumbo Share Certificate
1.90%$500-60 Month Share Certificate
1.80%$100k-48 Month Jumbo Star Member CD
1.70%$100k-48 Month Jumbo Share Certificate
1.70%$500-48 Month Star Member CD
1.60%$500-48 Month Share Certificate
1.60%$100k-36 Month Jumbo Star Member CD
1.50%$100k-36 Month Jumbo Share Certificate
1.50%$500-36 Month Star Member CD
1.40%$500-36 Month Share Certificate
1.40%$100k-24 Month Jumbo Star Member CD
1.30%$100k-24 Month Jumbo Share Certificate
1.30%$500-24 Month Star Member CD
1.20%$500-24 Month Share Certificate
1.20%$100k-12 Month Jumbo Star Member CD
1.10%$100k-12 Month Jumbo Share Certificate
1.10%$500-12 Month Star Member CD
1.00%$500-12 Month Share Certificate
0.70%$100k-6 Month Jumbo Star Member CD
0.60%$100k-6 Month Jumbo Share Certificate
0.60%$500-6 Month Star Member CD
0.60%$100k-3 Month Jumbo Star Member CD
0.50%$500-6 Month Share Certificate
0.50%$100k-3 Month Jumbo Share Certificate
0.50%$500-3 Month Star Member CD
0.40%$500-3 Month Share Certificate

Educational Systems Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.10%$100k-60 Month Jumbo Star Member IRA
2.00%$500-60 Month Star Member IRA
2.00%$100k-60 Month Jumbo IRA Share Certificate
1.90%$500-60 Month IRA Share Certificate
1.80%$100k-48 Month Jumbo Star Member IRA
1.70%$100k-48 Month Jumbo IRA Share Certificate
1.70%$500-48 Month Star Member IRA
1.60%$500-48 Month IRA Share Certificate
1.60%$100k-36 Month Jumbo Star Member IRA
1.50%$100k-36 Month Jumbo IRA Share Certificate
1.50%$500-36 Month Star Member IRA
1.40%$500-36 Month IRA Share Certificate
1.40%$100k-24 Month Jumbo Star Member IRA
1.30%$100k-24 Month Jumbo IRA Share Certificate
1.30%$500-24 Month Star Member IRA
1.20%$500-24 Month IRA Share Certificate
1.20%$100k-12 Month Jumbo Star Member IRA
1.10%$100k-12 Month Jumbo IRA Share Certificate
1.10%$500-12 Month Star Member IRA
1.00%$500-12 Month IRA Share Certificate
0.70%$100k-6 Month Jumbo Star Member IRA
0.60%$100k-6 Month Jumbo IRA Share Certificate
0.60%$100k-3 Month Jumbo Star Member IRA
0.60%$500-6 Month Star Member IRA
0.50%$500-6 Month IRA Share Certificate
0.50%$100k-3 Month Jumbo IRA Share Certificate
0.50%$500-3 Month Star Member IRA
0.40%$500-3 Month IRA Share Certificate
Locations

Educational Systems Federal Credit Union has 13 locations. Click to view all Educational Systems Federal Credit Union locations.