Lafayette Federal Credit Union

Overview / Commentary

www.lfcu.org

301-929-7990

3535 University Blvd W
Kensington, MD 20895-1701

Lafayette Federal Credit Union is headquartered in Rockville and is the 11^th largest credit union in the state of Maryland. It is also the 499^th largest credit union in the nation. It was established in 1935 and as of June of 2019, it had grown to 101 employees and 20,706 members at 10 locations. Lafayette Federal Credit Union's CD rates are 2X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership in Lafayette Federal Credit Union is open to residents of Maryland, Virginia, or Washington, D.C. by joining the American Consumer Council (can join through the Credit Union's online application). Membership is also open to those who live or work in the Potomac, Maryland area; live, work, worship, or attend school in Washington, D.C.; or are employed by any of nearly 200 Select Employer Groups.
See current membership details

Reviews (1)

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Training At The Bank

Posted by: Anonymous | Sep 29, 2011

It would be great if the tellers were trained adequately and soundly. This is not the case--investing in human capital pays in the long run because customers will stay.

Comment

Health

B+

Data as of Q2 2019

Learn why bank health matters

Health Grade Components

Overall
NCUA #	619
Year Chartered	1935
Employees	101
Primary Regulator

Profit Margin
Return on Assets - YTD	0.17%
Return on Equity - YTD	2%
Annual Interest Income	$12.5MM

Assets and Liabilities
Assets	Q2 2019vs Q2 2018	$601.8MM$496.8MM
Loans	Q2 2019vs Q2 2018	$511.7MM$425.9MM
Deposits	Q2 2019vs Q2 2018	$502.1MM$417.6MM
Equity Capital	Q2 2019vs Q2 2018	$49.0MM$47.6MM
Secondary Capital	Q2 2019vs Q2 2018	$7.5MM
Loan Loss Allowance	Q2 2019vs Q2 2018	$2.9MM$2.7MM
Unbacked Noncurrent Loans	Q2 2019vs Q2 2018	$6.9MM$8.4MM
Real Estate Owned	Q2 2019vs Q2 2018	$683.00K$551.00K

Rates

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Savings
Money Market
Checking
CD
IRA

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Always verify rates and promotions with the bank or credit union. We are not Lafayette Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Lafayette Federal Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.75%^*	$250k^*	$100m	Premier Savings
OTHER TIERS: 0.30% → $50k - $100k \| 0.40% → $100k - $150k \| 0.50% → $150k - $250k
0.75%	-	-	IRA Savings
0.30%^*	$20k^*	-	Preferred Savings
OTHER TIERS: 0.20% → $50 - $20k
0.10%	$50	-	Business Share Savings
0.10%	$50	-	Share Savings

Lafayette Federal Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.30%^*	$250k^*	-	Business Money Market
OTHER TIERS: 0.05% → $10k - $100k \| 0.15% → $100k - $250k
0.30%^*	$150k^*	-	Personal Money Market
OTHER TIERS: 0.05% → $2.5k - $25k \| 0.15% → $25k - $150k

Lafayette Federal Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
3.03%^*	-	$3k	Relationship Checking Account
OTHER TIERS: 0.03% → $3k+
1.00%	-	-	Business Commercial Checking

Lafayette Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
3.03%	$500	-	5 Year Fixed CD
2.78%	$500	-	4 Year Fixed CD
2.52%	$500	-	3 Year Fixed CD
2.37%	$50	-	5 Year Variable CD
2.27%	$500	-	2 Year Fixed CD
2.02%	$500	-	1 Year Fixed CD
1.86%	$50	-	3 Year Variable CD
1.76%	$500	-	7 Month Fixed CD
1.66%	$50	-	18 Month Variable CD

Lafayette Federal Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
3.03%	$500	-	5 Year Fixed IRA
2.78%	$500	-	4 Year Fixed IRA
2.52%	$500	-	3 Year Fixed IRA
2.37%	$50	-	5 Year Variable IRA
2.27%	$500	-	2 Year Fixed IRA
2.02%	$500	-	1 Year Fixed IRA
1.86%	$50	-	3 Year Variable IRA
1.66%	$50	-	18 Month Variable IRA

Locations

Cities: Arlington, Falls Church, KENSINGTON, Mclean, POTOMAC, Rockville, WASHINGTON

Arlington Branches
Branch Office	2231 Crystal Dr Suiyte R150	Arlington, VA 22202-3711

Falls Church Branches
Branch Office	3141 Fairview Park Dr Suite 107	Falls Church, VA 22042

KENSINGTON Branches
Branch Office	3535 UNIVERSITY BLVD W	KENSINGTON, MD 20895-1701

Mclean Branches
Branch Office	6701 Lowell Ave	Mclean, VA 22101

POTOMAC Branches
Branch Office	7901 TUCKERMAN Ln	POTOMAC, MD 20854-3243

Rockville Branches
Corporate Office	2701 Tower Oaks Blvd	Rockville, MD 20852
Branch Office	2701 Tower Oaks Blvd	Rockville, MD 20852

WASHINGTON Branches
Branch Office	Room c 1-80 1300 PENNSYLVANIA AVENUE, NW	WASHINGTON, DC 20523-0001
Branch Office	409 3RD ST SW STE 105 SUITE 105	WASHINGTON, DC 20024-3215
Branch Office	1381 KENYON ST NW	WASHINGTON, DC 20010-2305

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