NIH Federal Credit Union is headquartered in Rockville and is the 11th largest credit union in the state of Maryland. It is also the 512th largest credit union in the nation. It was established in 1940 and as of June of 2023, it had grown to 125 employees and 50,449 members at 5 locations. NIH Federal Credit Union has a B health rating.
Field of Membership Restrictions
NIH Federal Credit Union membership is open to anyone through membership in the American Consumer Council. All employees and contractors of the National Institutes of Health (NIH) and employees, independent contractors, or self-employed persons who work regularly in the biomedical and healthcare industry located in the District of Columbia, Maryland, West Virginia, and Virginia also qualify for membership. Immediate family of a current NIH FCU member are welcome to apply.
See current membership details
National Institutes Of Health Federal Credit Union (NIH FCU)
I have used this FCU for 8 plus years, have been very patient with a number of problems. I am leaving for a bank with better rates, better customer service and a bank that is large enough to be competitive.
I can only give them three stars, would never recommend to anyone.
Inactivity Fee
The National Institutes of Health Federal Credit Union (NIH FCU) has instituted a quarterly inactivity fee of $25.00 on inactive accounts. Yes, that's $100 per year. Needless to say, my wife and I are both closing our accounts.
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 3601 |
| Year Chartered | 1940 |
| Employees | 125 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.32% |
| Return on Equity - YTD | -7.22% |
| Annual Interest Income | $15.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $822.5MM$835.2MM |
| Loans | Q2 2023vs Q2 2022 | $493.4MM$464.2MM |
| Deposits | Q2 2023vs Q2 2022 | $760.8MM$775.2MM |
| Equity Capital | Q2 2023vs Q2 2022 | $37.1MM$42.0MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $4.1MM$3.6MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $2.2MM$1.5MM |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |