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Signal Financial Federal Credit Union


Overview / Commentary
www.signalfinancialfcu.org
301-933-9100
3015 University Blvd W
Kensington, MD 20895-1936

Signal Financial Federal Credit Union is headquartered in Kensington and is the 16th largest credit union in the state of Maryland. It is also the 671st largest credit union in the nation. It was established in 1947 and as of December of 2020, it had grown to 85 employees and 20,493 members at 7 locations. Signal Financial Federal Credit Union has a B+ 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

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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!

6

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.

8


Health
B+

Data as of Q4 2020

Learn why bank health matters

Health Grade Components

Overall
NCUA #5571
Year Chartered1947
Employees85
Primary Regulator
Profit Margin
Return on Assets - YTD-0.21%
Return on Equity - YTD-2.57%
Annual Interest Income$14.1MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$483.8MM$427.1MM
LoansQ4 2020vs Q4 2019$298.0MM$308.3MM
DepositsQ4 2020vs Q4 2019$422.6MM$371.5MM
Equity CapitalQ4 2020vs Q4 2019$39.4MM$39.3MM
Loan Loss AllowanceQ4 2020vs Q4 2019$3.0MM$3.2MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$3.7MM$3.2MM
Real Estate OwnedQ4 2020vs Q4 2019$311.00K$503.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Signal Financial 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.

Signal Financial Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.03%--Share Savings Account
0.03%$10-Holiday Club Account
0.03%$10-Vacation Club Account
0.03%$5-IRA Share Account
0.03%$50-Business Savings
0.03%$5-Coverdell Education Share
0.03%$5-Bright Future Savings

Signal Financial Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$25k*-Premium Money Market Account
OTHER TIERS: 0.13% → Up to $25k
0.13%--Direct Money Market Account
0.08%*$100k*-Money Market Account
OTHER TIERS: 0.03% → $2.5k - $20k | 0.05% → $20k - $100k
0.08%*$50k*-Business Money Market
OTHER TIERS: 0.03% → Up to $2.5k | 0.05% → $2.5k - $50k

Signal Financial Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.08%$3k-Premium Checking
0.05%--Direct Checking
0.03%--Connect Checking
0.03%--Bright Future Checking

Signal Financial Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%$500-72 Month CD
0.40%$500-Business 72 Month CD
0.35%$500-Business 60 Month CD
0.35%$500-60 Month CD
0.30%$500-36 Month CD
0.30%$500-48 Month CD
0.30%$500-Business 36 Month CD
0.30%$500-Business 48 Month CD
0.25%$500-Business 24 Month CD
0.25%$500-Business 30 Month CD
0.25%$500-24 Month CD
0.25%$500-30 Month CD
0.20%$500-12 Month CD
0.20%$500-18 Month CD
0.20%$500-Business 12 Month CD
0.20%$500-Business 18 Month CD
0.10%$500-182 Day CD
0.10%$500-Business 182 Day CD
0.02%$500-31 Day CD
0.02%$500-91 Day CD
0.02%$500-Business 31 Day CD
0.02%$500-Business 91 Day CD

Signal Financial Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%$500-72 Month IRA Share Certificate
0.40%$500-72 Month CESA Certificate
0.35%$500-60 Month IRA Share Certificate
0.35%$500-60 Month CESA Certificate
0.30%$500-36 Month IRA Share Certificate
0.30%$500-48 Month IRA Share Certificate
0.30%$500-36 Month CESA Certificate
0.30%$500-48 Month CESA Certificate
0.25%$500-24 Month IRA Share Certificate
0.25%$500-30 Month IRA Share Certificate
0.25%$500-24 Month CESA Certificate
0.25%$500-30 Month CESA Certificate
0.20%$500-12 Month IRA Share Certificate
0.20%$500-18 Month IRA Share Certificate
0.20%$500-12 Month CESA Certificate
0.20%$500-18 Month CESA Certificate
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 Office22001 Loudoun County PkwyAshburn, VA 20147
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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