Educational Systems Federal Credit Union

Overview / Commentary
7500 Greenway Center Dr Suite 1400
Greenbelt, MD 20770

Educational Systems Federal Credit Union is headquartered in Greenbelt and is the 9th largest credit union in the state of Maryland. It is also the 371st largest credit union in the nation. It was established in 1955 and as of September of 2022, it had grown to 195 employees and 86,550 members at 14 locations. Educational Systems Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership in Educational Systems Federal Credit Union 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

Reviews (3)

Wonderful Credit Union

This credit union has wonderful customer service. They have always been able to answer my questions. When I go to one of their centers in person, I am always greeted by someone right away and the lines move fast. The online banking service is great. I have never had any issues. My overall experience with the credit union is very positive.

Avoid Avoid Avoid!!!!!

0 stars. This is the worst bank I have ever dealt with. There are always issues with their systems inconveniencing you in one way or another and they have the rudest tellers at the Bowie branch that I have encountered in a bank setting. If you are thinking about getting an account here I would think again! There is literally no way for me to pull up my account number online or on their app. When I called they told me that I can either go into the branch to get it or have them mail it to me. AMAZING!!!!


Posted by: |


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.



Health Grade Components

NCUA #10696
Year Chartered1955
Primary Regulator
Profit Margin
Return on Assets - YTD0.69%
Return on Equity - YTD10.03%
Annual Interest Income$26.5MM
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$1.20B$1.22B
LoansQ3 2022vs Q3 2021$782.9MM$717.6MM
DepositsQ3 2022vs Q3 2021$1.07B$1.06B
Equity CapitalQ3 2022vs Q3 2021$84.3MM$107.5MM
Loan Loss AllowanceQ3 2022vs Q3 2021$3.3MM$3.8MM
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$2.4MM$1.7MM
Real Estate OwnedQ3 2022vs Q3 2021$0$230.00K

Rates for Educational Systems Federal Credit Union are currently being reviewed.



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