FedChoice Federal Credit Union is headquartered in Lanham and is the 19th largest credit union in the state of Maryland. It is also the 737th largest credit union in the nation. It was established in 1935 and as of December of 2019, it had grown to 80 employees and 24,695 members at 6 locations. FedChoice Federal Credit Union has a B+ health rating.
Membership is open to federal civilian employees, annuitants and their families in the Washington, D.C., Baltimore and Philadelphia metropolitan areas.
See current membership details
FYI reference: https://www.fedchoice.org/checking-savings/share-certificates/
"...Members with a checking account and a certificate of deposit account earn 25 basis points more on the certificate than our regular rates.
Certificate of Deposit + Checking Account = Higher Dividend Rates on your Certificate!
Every time I call there is a 30 minute wait time (even at 8:30 am). The hours are only 8:30 am to 4 pm so I always have to wait during prime work hours. I had to call in 5 times simply to apply to a simple account. I had to request the paperwork 3 times. They forgot to send it the first time due to a computer error. The second time they sent it in a sff format that cannot be opened by any normal application. The third time I finally received a pdf file. Then, I had to submit the paperwork 2 times. I faxed it in, but they didn't receive it. I never had anyone not receive a fax with a positive verification. I decided to just mail it. From this experience, I am going to highly recommend that anyone who values their sanity to use another credit union such as penfed. I am putting applications in elsewhere.
This credit union is so user unfriendly to the customer its mindboggling. First of all I should have shopped around for the best Credit Union around my local area. I didnt realize at the time that the limit of transactions from savings to checking accounts would come to affect my ability to manange my bill pay accounts, and God help me if I was on vacation and needed some cash but because I used my last transfer which is 6 mind you, not only will it lock your card out, you have to fax a request to make the 7th and subsequent transfers, before 4PM est, from Spain on a friday. You have to wait untill Monday there off on weekends. Happy Vacation.
|Return on Assets - YTD||1.01%|
|Return on Equity - YTD||10.11%|
|Annual Interest Income||$17.5MM|
|Assets and Liabilities|
|Assets||Q4 2019vs Q4 2018||$357.1MM$372.9MM|
|Loans||Q4 2019vs Q4 2018||$211.1MM$208.4MM|
|Deposits||Q4 2019vs Q4 2018||$314.9MM$335.6MM|
|Equity Capital||Q4 2019vs Q4 2018||$35.6MM$31.5MM|
|Loan Loss Allowance||Q4 2019vs Q4 2018||$9.0MM$10.8MM|
|Unbacked Noncurrent Loans||Q4 2019vs Q4 2018||$1.9MM$1.7MM|
|Real Estate Owned||Q4 2019vs Q4 2018||$0$0|
Rates for FedChoice Federal Credit Union are currently being reviewed.
|FedChoice Federal Credit Union Locations|
|Branch Office||2970 Market St||Philadelphia, PA 19104-5002|
|Branch Office||900 Brentwood Rd NE||Washington, DC 20066-9201|
|Branch Office||5000 Ellin Rd Rm c1-100||Lanham, MD 20706-1348|
|Branch Office||99 New York Ave NE||Washington, DC 20002-3325|
|Branch Office||1111 Constitution Ave Rm 1716||Washington, DC 20224-0001|
|Branch Office||10001 Willowdale Rd||Lanham, MD 20706-4321|