Signal Financial Federal Credit Union


Overview / Commentary
301-933-9100
3015 University Blvd W
Kensington, MD 20895

Signal Financial Federal Credit Union is headquartered in Kensington and is the 20th largest credit union in the state of Maryland. It is also the 789th largest credit union in the nation. It was established in 1947 and as of September of 2022, it had grown to 90 employees and 23,402 members at 6 locations. Signal Financial Federal Credit Union has a C health rating.

Field of Membership Restrictions

Membership in Signal Financial Federal Credit Union is open to those who live, work, attend school, or worship in Washington, DC or within the Capital Beltway in Prince George's County, Maryland. Employees and retirees of nearly 200 Select Employee Groups also qualify for membership. All residents of Maryland, Virginia, and Washington, DC who join the Washington Area Bicycle Association (WABA) are membership eligible.
See current membership details

Related Posts

10 Month Special At 4.75%- 5% With Add On For 75 Days - 1/6/2023

Received this email Signal Financial is celebrating 75 years of serving the community with a special Diamond Anniversary Share Certificate. The 10 month certificate will require a minimum of $500 to open and you can add cash (minimum of $500) up to 75 days from opening day. Standard Members. APY: 4.75%. Rate: 4.64% Premium Members APY: 5.0%. Rate: 4.88% link for for information : https://www.signalfinancialfcu.org/banking/share-certificates

View all posts from:

9/1/17 - Signal Financial FCU Raises 24-Month Bump-Up CD Rate
7/6/17 - Signal Financial FCU Adds Premium Money Market
4/8/17 - Signal Financial FCU Has Limited-Time Promo Rate CDs
10/14/16 - Signal Financial FCU Introduces 1/3/5 Year CD Ladder
8/12/16 - Signal Financial FCU Offers Up To $400 In Bonuses
7/20/16 - Signal Financial FCU Has Limited-Time 60-Month CD Promo Rate
12/16/14 - Signal Financial FCU's "Gift That Gives" Competitive Rate 49-month CD
12/12/14 - 2.15% APY 49 Month CD At Signal Financial FCU
10/25/12 - Credit Union Helped Catch Scammers Taking Advantage Of An Elderly Member
1/14/09 - $101 Checking Account Bonus at Signal Financial Federal Credit Union in DC
5/26/08 - $101 Checking Account Bonus at a DC Credit Union (Signal Financial)
3/22/08 - 4.24% 24-Month / 4.19% 12-Month CD at a DC Credit Union (Signal Financial).
1/26/08 - 5.13% 24-Month / 5.13% 12-Month CD at a DC Credit Union (Signal Financial).
11/5/07 - 5.39% 24-Month / 5.28% 12-Month CD at a DC Credit Union - and $101 Checking Bonus (Signal Financial)
11/3/07 - 5.39% 24-Month / 5.28% 12-Month CD at a DC Credit Union Continues (Signal Financial)
8/24/07 - 5.50% 24-Month CD at a Washington DC Credit Union Continues (Signal Financial)
6/5/07 - 5.50% 24-Month CD at a Washington DC Credit Union (Signal Financial)
4/19/07 - 5.65% 24-Month / 5.55% 12-Month CD at a Washington DC Credit Union Continues (Washington Telephone)
3/16/07 - $25 Checking Account Bonus at a Maryland/Virginia/DC CU (Washington Telephone)
2/15/07 - 5.65% 24-Month / 5.55% 12-Month CD at a Maryland/Virginia/DC CU (Washington Telephone)

Reviews (2)

Unilateral Terms Changes

Posted by: |

I invested in 5 of the 72 month add-on CD last fall.. As the other poster noted there was no discussion of the add-on feature (or any other feature) being term limited.

I called them after getting the notice and they told me my disclosures included the change of terms provision. I looked, and the terms she read to me are not on my disclosures. She pretended this was some kind of mistake. It clearly was no error.

I will be pressing this issue with the credit union. I don't believe it is legal to unilaterally change the terms. If it is legal, I have a few I would like to change!

Do Not Honor Add On CD Feature

Posted by: |

Signal in 2019 offered a very attractive WOW Promo CD for a 24 month term, at about 3% with an add on feature. Their advertisement stated - Add More Anytime and "unlimited deposits anytime during the term". Well last month this changed. They stopped allowing additional deposits (as noted in the forum). After complaints from customers, they changed their terms and are only allowing deposits for an additional 30 days. After that, no additional deposits allowed for the rest of the CDs term. With the Fed changing interest rates lower and Treasury rates going done, it is understandable that Signal's CD rate is now very attractive. And just when customers want to transfer in funds, they cancel the feature. Thus, I would recommend that no matter how nice the folks may be at this CU, that you can not trust them to not change the terms of your CD agreements. For further information on this, see the forum discussion on Signal Financial Credit Union.



Health

Health Grade Components

Overall
NCUA #5571
Year Chartered1947
Employees90
Primary Regulator
Profit Margin
Return on Assets - YTD0.17%
Return on Equity - YTD2.64%
Annual Interest Income$11.0MM
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$426.2MM$447.4MM
LoansQ3 2022vs Q3 2021$308.2MM$262.6MM
DepositsQ3 2022vs Q3 2021$392.0MM$407.3MM
Equity CapitalQ3 2022vs Q3 2021$28.2MM$38.4MM
Loan Loss AllowanceQ3 2022vs Q3 2021$3.2MM$3.3MM
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$6.0MM$4.1MM
Real Estate OwnedQ3 2022vs Q3 2021$0$151.00K
Rates

Rates for Signal Financial Federal Credit Union are currently being reviewed.

Locations


Signal Financial Federal Credit Union Locations
Branch Office1391 Pennsylvania Ave SE Retail Space 1Washington, DC 20003-3074
Branch Office9500 Medical Center Dr #103Largo, MD 20774-3703
Branch Office3015 University Blvd WKensington, MD 20895-1936
Branch Office3701 Rossmoor BlvdSilver Spring, MD 20906-1565
Branch Office1101 New York Ave NWWashington, DC 20005-4269
Branch Office44747 Brimfield DrAshburn, VA 20147-5920

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