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Lafayette Federal Credit Union


Overview / Commentary
www.lfcu.org
301-929-7990
2701 Tower Oaks Blvd
Rockville, MD 20852

Lafayette Federal Credit Union is headquartered in Rockville and is the 10th largest credit union in the state of Maryland. It is also the 458th largest credit union in the nation. It was established in 1935 and as of December of 2019, it had grown to 102 employees and 22,004 members at 8 locations. Lafayette Federal Credit Union's CD rates are 79% higher than the national average, and it has a B health rating.

Field of Membership Restrictions

Membership in Lafayette Federal Credit Union is open to anyone who joins the Home Ownership Financial Literacy Council ($10 fee). Residents of Maryland, Virginia, or Washington, D.C. who belong to the American Consumer Council (can join through the Credit Union's online application) are eligible to join. Also eligible are 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

Related Posts

Lafayette FCU 1 Year, 2 Year, 5 Year CD's: 1.61%, 1.71%, 2.02% - 6/1/2020

With Advancial FCU drastically slashing its CD rates today, Lafayette FCU is the new rate leader for fixed-rate certificates. The minimum is just $500. Anyone, nationwide, can join, for $10. Don't expect these rates to last! https://www.lfcu.org/rates/dividend-rates.aspx

5Yr CD Rate Drop From 2.02% To 1.82% APY - 5/22/2020

https://www.lfcu.org/personal/bank/savings.aspx

Lafayette Federal Credit Union Has Nationally Available CDs - 4/27/2020

Lafayette Federal Credit Union (easy membership) has two competitive long-term Fixed CDs: 4-year (1.92% APY) and 5-year (2.02% APY). $500 minimum deposit.

View all posts from:


Reviews (3)

Account Opening And CD's

Posted by: |

Opening an account went smoothly, funding CD's with a wire, smoothly. CSR assigned to my account opening has been responsive and diligent in providing documents, POD request fulfilled, etc.
So far, has been a great alternative to place maturing CD's that matured this month. 2nd best to Advancial on rates.

1

Stiff EWP Regular And IRA CD Penalties

Posted by: |

Interest is paid quarterly. EWP penalties below:

7-month, 90 days of dividends*
1-year, 180 days of dividends
2-year, 270 days of dividends
3-year, 360 days of dividends
4-year, 480 days of dividends
5-year, 600 days of dividends

Penalties for the variable-rate certificates and IRA certificates will be imposed on amounts withdrawn whether earned or not at the rate paid or payable for the term as follows:
18-month, 180 days of dividends
3-year, 360 days of dividends
5-year, 600 days of dividends

10

Training At The Bank

Posted by: |

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.

4


Health
B

Data as of Q4 2019

Learn why bank health matters

Health Grade Components

Overall
NCUA #619
Year Chartered1935
Employees102
Primary Regulator
Profit Margin
Return on Assets - YTD0.28%
Return on Equity - YTD3.6%
Annual Interest Income$26.6MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$681.4MM$558.8MM
LoansQ4 2019vs Q4 2018$561.7MM$492.1MM
DepositsQ4 2019vs Q4 2018$557.1MM$487.0MM
Equity CapitalQ4 2019vs Q4 2018$50.3MM$48.2MM
Secondary CapitalQ4 2019vs Q4 2018$7.5MM
Loan Loss AllowanceQ4 2019vs Q4 2018$3.1MM$2.3MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$7.9MM$5.4MM
Real Estate OwnedQ4 2019vs Q4 2018$223.00K$683.00K
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

Lafayette FCU 1 Year, 2 Year, 5 Year CD's: 1.61%, 1.71%, 2.02%

  |  
With Advancial FCU drastically slashing its CD rates today, Lafayette FCU is the new rate leader for fixed-rate certificates. The minimum is just $500. Anyone, nationwide, can join, for $10. Don't expect these rates to last!

https://www.lfcu.org/rates/dividend-rates.aspx
3

5Yr CD Rate Drop From 2.02% To 1.82% APY

  |  
https://www.lfcu.org/personal/bank/savings.aspx
1

After Holding The Line Since January, Lafayette CU Slashes Top Rate By 0.5%

  |  
Lafayette Federal CU kept its highly competitive rates through the end of the week, but as of Monday, the 5-yr CD rate is down by 0.5% to 2.0%. The new rates:
Fixed-Rate Dividend APY
7-month term 1.50% 1.51%
1-year term 1.60% 1.61%
2-year term 1.70% 1.71%
3-year term 1.80% 1.82%
4-year term 1.90% 1.92%
5-year term 2.00% 2.02%
https://www.lfcu.org/rates/dividend-rates.aspx
2

Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*$250k*$100mPremier 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.03%*-$3kRelationship Checking Account - Qualifying
OTHER TIERS: 0.03% → $3k+
1.00%--Business Commercial Checking

Lafayette Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.02%$500-5 Year Fixed CD
1.91%$500-4 Year Fixed CD
1.81%$500-3 Year Fixed CD
1.81%$50-5 Year Variable CD
1.71%$500-2 Year Fixed CD
1.61%$500-1 Year Fixed CD
1.61%$50-3 Year Variable CD
1.51%$500-7 Month Fixed CD
1.41%$50-18 Month Variable CD

Lafayette Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.02%$500-5 Year Fixed IRA
1.91%$500-4 Year Fixed IRA
1.81%$50-5 Year Variable IRA
1.81%$500-3 Year Fixed IRA
1.71%$500-2 Year Fixed IRA
1.61%$50-3 Year Variable IRA
1.61%$500-1 Year Fixed IRA
1.41%$50-18 Month Variable IRA
Locations


Lafayette Federal Credit Union Locations
Branch OfficeRoom c 1-80 1300 PENNSYLVANIA AVENUE, NWWASHINGTON, DC 20523-0001
Branch Office409 3RD ST SW STE 105 SUITE 105WASHINGTON, DC 20024-3215
Branch Office1381 Kenyon St NWWashington, DC 20010-2305
Branch Office7901 Tuckerman LnPotomac, MD 20854-3243
Branch Office3535 University Blvd WKensington, MD 20895-1701
Corporate Office2701 Tower Oaks BlvdRockville, MD 20852
Branch Office6701 Lowell AveMclean, VA 22101
Branch Office2231 Crystal Dr Ste 150RArlington, VA 22202-3781

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.