Geico Federal Credit Union is headquartered in Chevy Chase and is the 32nd largest credit union in the state of Maryland. It is also the 1,358th largest credit union in the nation. It was established in 1950 and as of December of 2019, it had grown to 50 employees and 21,887 members at 10 locations. Geico Federal Credit Union has an A health rating.
Membership is open to associates of the GEICO Corporation and its subsidiaries, employees of Banner Life Insurance Company, and immediate family of those eligible.
See current membership details
The customer service at this great credit union is absolutely outstanding, with top notch online banking services, low fees, atm, checking, savings, investment accounts also. They have great interest rates and easy and professional staff. They also offer car loans, home loans, and every service that you could possibly think need to meet your family's financial service needs! Plus...it's Geico. They are a top rated insurance company so why wouldn't you want to bank with them! They have branches located in many US states.
I have been a member for over 25 years. About 7 years ago, I opened a checking account. At the time I was working so I opted for direct deposit.When I left my employment 2 years ago, I opted to keep my accounts there. I love the customer service. The employees are always friendly and helpful. It feels more like a family than a customer/client relationship. Their services overall are competitive with other credit unions and they have better rates and fees than most banks. Their hours are a little different as they are open most bank holidays except the major ones but they are closed on Saturday and have no late hours. Their debit card is accepted at more ATM's than any other financial institution I know of so I rarely have to pay any fee. The only two drawbacks are that they do not have mobile banking (yet), so in order to make a deposit I have to either find an ATM that is capable of doing it or I have to travel to the credit union itself. Since they are only located inside the company offices, this will mean I will most likely leave them once I move too far away to conveniently travel to a physical office. I also wish they would accept direct deposit from institutions other than the company as it makes it very difficult when I am trying to transfer money from other places. Overall, I love the credit union and have not felt that the small inconveniences are enough to make me leave them just yet.
If I could give a zero overall rating I would!!! First my direct deposit keeps getting delayed due to "posting delays" (that has happened three times). Now I authorized a payment to be withdrew from my account ($800) and they withdrew it TWICE. Finally got someone on the phone and they admitted that it was an ACH matter and that it should be returned between 2 and 3 p.m. that day BUT it has been three days and still no money has been returned to my account. No one will answer the phone either at the main location or the branch in this area. I have emailed also - no response. I have already opened an account at another bank because this bank STINKS!!!!
I requested a new card on 1/12/2017, I just got it yesterday 2/6/2017 & I haven't received the PIN that's supposed to come with it to activate the card to use it!! so I still can't touch my money!!!! I haven't touch my money since we got paid on 1/25/2017!! I'm late with my rent, my phone just got turned off TODAY & this is with the extension I was given b/c I didn't have my card!! I barely got enough gas to get to work!! IM SO MAD RIGHT NOW!!!! I just got off the phone with USAA, I'm going back home to them! & we get paid tomorrow & I have no access!!! THE WORLD'S MOST HORRIBLE BANK!!!
No one picks up the phone when you call & when you think someone picks up, it hangs up on you, I even submitted a request thurough their website, no response, I don't understand why you can't pick out your own PIN & you have to go to the ATM to activate its so 1980's!!
I have never experienced such bad customer service. They can't solve your problems if you're not at the branch. Their phone rings and rings. No one answers. If you need a more flexible bank that you're able to reach when you're not available to walk-in, do not go with GFCU. They will mess you up from sending something as simple as A DEBIT CARD (it's been a month and I'm still awaiting mine). I will be getting a cashiers check, extracting all of my monies and closing the accounts. They have pissed me off!
|Return on Assets - YTD||0.16%|
|Return on Equity - YTD||1.67%|
|Annual Interest Income||$4.6MM|
|Assets and Liabilities|
|Assets||Q4 2019vs Q4 2018||$136.6MM$131.5MM|
|Loans||Q4 2019vs Q4 2018||$63.1MM$60.6MM|
|Deposits||Q4 2019vs Q4 2018||$123.1MM$117.3MM|
|Equity Capital||Q4 2019vs Q4 2018||$13.0MM$12.5MM|
|Loan Loss Allowance||Q4 2019vs Q4 2018||$455.00K$263.00K|
|Unbacked Noncurrent Loans||Q4 2019vs Q4 2018||$806.00K$327.00K|
|Real Estate Owned||Q4 2019vs Q4 2018||$0$0|
Rates for Geico Federal Credit Union are currently being reviewed.
|Chevy Chase Branches|
|Branch Office||5260 Western Ave||Chevy Chase, MD 20815|
|Branch Office||1 Geico Blvd||Fredericksburg, VA 22412-9000|
|Branch Office||300 Crosspoint Pkwy||Getzville, NY 14068-1606|
|Branch Office||3535 W Pipkin Rd||Lakeland, FL 33811-2882|
|Branch Office||4400 Ocmulgee East Blvd||Macon, GA 31217-5642|
|Branch Office||4295 E Ocmulgee Blvd||Macon, GA 31295-0001|
|Branch Office||14111 Danielson St||Poway, CA 92064-6886|
|Branch Office||2280 N Greenville Ave||Richardson, TX 75082-4412|
|Virginia Beach Branches|
|Branch Office||1 Geico Lndg||Virginia Beach, VA 23454-5693|
|Branch Office||750 Woodbury Rd||Woodbury, NY 11797-2519|