2. Lafayette Federal Credit Union

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 11th largest credit union in the state of Maryland. It is also the 496th largest credit union in the nation. It was established in 1935 and as of September of 2019, it had grown to 105 employees and 21,299 members at 9 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 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

3% Club Shrinks As Lafayette Drops To 2.50% - 1/7/2020

Rates effective today: Fixed-Rate* Min to Open Min to Earn Dividend APY** 1-year term $500 $500 1.90% 1.91% 2-year term $500 $500 2.00% 2.02% 3-year term $500 $500 2.15% 2.17% 4-year term $500 $500 2.25% 2.27% 5-year term $500 $500 2.50% 2.52% https://www.lfcu.org/rates/dividend-rates.aspx

Lafayette Federal Credit Union 5-Year CD Earns 3.03% APY - 11/29/2019

Lafayette Federal Credit Union is offering 3.03% APY on its nationally available 5-year Fixed CD. Minimum deposit is $500. Also available as an IRA.

Reviews (2)

Stiff EWP Regular And IRA CD Penalties

Posted by: mountain52 | Dec 1, 2019

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Penalties for the variable-rate certificates and IRA certificates will be imposed on amounts withdrawn whether earned or not at the rate paid or payable for the term as follows: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

8

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.

3


Health
B+

Data as of Q3 2019

Learn why bank health matters

Health Grade Components

Overall
NCUA #619
Year Chartered1935
Employees105
Primary Regulator
Profit Margin
Return on Assets - YTD0.22%
Return on Equity - YTD2.64%
Annual Interest Income$19.3MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$612.9MM$537.6MM
LoansQ3 2019vs Q3 2018$542.6MM$465.5MM
DepositsQ3 2019vs Q3 2018$495.6MM$439.0MM
Equity CapitalQ3 2019vs Q3 2018$49.5MM$47.8MM
Secondary CapitalQ3 2019vs Q3 2018$7.5MM
Loan Loss AllowanceQ3 2019vs Q3 2018$2.9MM$2.5MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$5.3MM$5.7MM
Real Estate OwnedQ3 2019vs Q3 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.

3% Club Shrinks As Lafayette Drops To 2.50%

CapitalClimate   |  
Rates effective today:
Fixed-Rate* Min to Open Min to Earn Dividend APY**
1-year term $500 $500 1.90% 1.91%
2-year term $500 $500 2.00% 2.02%
3-year term $500 $500 2.15% 2.17%
4-year term $500 $500 2.25% 2.27%
5-year term $500 $500 2.50% 2.52%
https://www.lfcu.org/rates/dividend-rates.aspx
1

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
OTHER TIERS: 0.03% → $3k+
1.00%--Business Commercial Checking

Lafayette Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.52%$500-5 Year Fixed CD
2.37%$50-5 Year Variable CD
2.27%$500-4 Year Fixed CD
2.17%$500-3 Year Fixed CD
2.02%$500-2 Year Fixed CD
1.91%$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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.52%$500-5 Year Fixed IRA
2.37%$50-5 Year Variable IRA
2.27%$500-4 Year Fixed IRA
2.17%$500-3 Year Fixed IRA
2.02%$500-2 Year Fixed IRA
1.91%$500-1 Year Fixed IRA
1.86%$50-3 Year Variable IRA
1.66%$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 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, Maryland 20895-1701
Corporate Office2701 Tower Oaks BlvdRockville, MD 20852
Branch Office6701 Lowell AveMclean, VA 22101
Branch Office2231 Crystal Dr Suite R150Arlington, VA 22202-3711
Branch Office2701 Tower Oaks BlvdRockville, MD 20852

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