Lafayette Federal Credit Union


Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
2.37%5-year CD5 Year Variable CD
2.02%1-year CD1 Year Fixed CD
0.10%SavingsShare Savings

Overview / Commentary
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 533rd largest credit union in the nation. It was established in 1935 and as of March of 2018, it had grown to 98 employees and 20,189 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 is open to anyone living in Maryland, Washington, D.C. or Virginia through 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, MD. area; live, work, worship or attend school in Washington, D.C. or employed by an agency or company in the approved field of membership.
See current membership details

Reviews (1)

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.



Health
B+

Health Grade Components

Overall
NCUA #619
Year Chartered1935
Employees98
Primary Regulator
Profit Margin
Return on Assets - YTD0.31%
Return on Equity - YTD3.39%
Annual Interest Income$5.1MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$525.0MM$504.3MM
LoansQ1 2018vs Q1 2017$468.7MM$421.0MM
DepositsQ1 2018vs Q1 2017$424.2MM$424.9MM
Equity CapitalQ1 2018vs Q1 2017$47.6MM$46.0MM
Loan Loss AllowanceQ1 2018vs Q1 2017$2.6MM$1.5MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$4.4MM$3.2MM
Real Estate OwnedQ1 2018vs Q1 2017$328.00K$3.1MM
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*-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% Up to $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% $2,500 - $25k | 0.15% $25k - $150k

Lafayette Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%--Commercial Business Checking
0.03%--Checking Account

Lafayette Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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 CD
1.66%$50-18 Month Variable CD

Lafayette Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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


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 Office3535 UNIVERSITY BLVD WKENSINGTON, MD 20895-1701
Branch Office7901 TUCKERMAN LnPOTOMAC, MD 20854-3243
Corporate Office2701 Tower Oaks BlvdRockville, MD 20852
Branch Office3141 Fairview Park Dr Suite 107Falls Church, VA 22042
Branch Office6701 Lowell AveMclean, VA 22101
Branch Office2231 Crystal Dr Suiyte R150Arlington, VA 22202-3711

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