2. FRB Federal Credit Union

FRB Federal Credit Union


Overview / Commentary
www.frbfcu.org
202-452-2800
Board Of Governors Of The Federal Reserve System 1801 K St Nw
Washington, DC 20006

FRB Federal Credit Union is headquartered in Washington and is the 12th largest credit union in the District of Columbia. It is also the 1,727th largest credit union in the nation. It was established in 1935 and as of June of 2019, it had grown to 16 employees and 6,020 members at 3 locations. FRB Federal Credit Union's CD rates are 3X the national average, and it has an A health rating.

Field of Membership Restrictions

Membership is open to current and retired members, officers, and employees of the Federal Reserve Board, Current and retired employees of Federal Reserve Banks, officers & employees of the Bureau of Consumer Financial Protection and immediate family.
See current membership details

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Health
A

Data as of Q2 2019

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. FRB Federal Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #320
Year Chartered1935
Employees16
Primary Regulator
Profit Margin
Return on Assets - YTD0.81%
Return on Equity - YTD8.55%
Annual Interest Income$1.7MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$89.8MM$85.7MM
LoansQ2 2019vs Q2 2018$43.3MM$35.0MM
DepositsQ2 2019vs Q2 2018$80.3MM$77.0MM
Equity CapitalQ2 2019vs Q2 2018$8.6MM$7.9MM
Loan Loss AllowanceQ2 2019vs Q2 2018$411.00K$322.00K
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$143.00K$491.00K
Real Estate OwnedQ2 2019vs Q2 2018$76.00K$42.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

FRB Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.95%*$50k*-Special Share Savings
OTHER TIERS: 0.85% → Up to $50k
0.85%--IRA Shares
0.10%$25-Regular Prime Shares
0.10%--Holiday Cub
0.10%--Vacation Club

FRB Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.01%--Checking Account

FRB Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.05%$1k-5 Year Share Certificate
3.05%$1k-6 Year Share Certificate
3.05%$1k-7 Year Share Certificate
2.69%$1k-3 Year Share Certificare
2.69%$1k-4 Year Share Certificate
2.53%$1k-2 Year Share Certificate
2.28%$1k-1 Year Share Certifcate
1.51%$1k-6 Month Share Certificate

FRB Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.05%$1k-5 Year IRA Certificate
3.05%$1k-6 Year IRA Certificate
3.05%$1k-7 Year IRA Certificate
2.69%$1k-3 Year IRA Certificare
2.69%$1k-4 Year IRA Certificate
2.53%$1k-2 Year IRA Certificate
2.28%$1k-1 Year IRA Certifcate
1.51%$1k-6 Month IRA Certificate
Locations


FRB Federal Credit Union Locations
Branch Office1709 New York Ave NWWashington, DC 20006
Branch OfficeBoard of Governors of the Federal Reserve System 1801 K ST NWWashington, DC 20006
Branch Office1850 K Street , NWWashington, DC 20006

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