State Department Federal Credit Union is headquartered in Alexandria and is the 7th largest credit union in the state of Virginia. It is also the 147th largest credit union in the nation. It was established in 1935 and as of June of 2022, it had grown to 184 employees and 90,970 members at 6 locations. State Department Federal Credit Union has a B+ health rating.
Membership in State Department Federal Credit Union is open to anyone through joining the American Consumer Council (available when opening an account). Membership is also open to employees of the U.S. State Department or other select organizations and to family of existing members.
See current membership details
I'm not sure about some of the reviews. My experience with this credit union has always been delightful. I've never been charged a fee for using a CO-OP ATM. I also use the ATMs at 7-eleven stores all the time, and have never been charged a fee. I earn points while using my debit card, and their online banking is terrific. I can set up a budget and track spending by catagory. I can even accept special offers and discounts from merchants while I'm logged in and attach them to my debit card if I want to, all at no charge. With their mobile app, I can take a picture of a check using my iphone and have it deposited directly into my account. Online loan applications, 24/7 live call center, rewards points, great rates. SDFCU really does seem to have it all. I recommend them to all my family and friends.
State department has a communication issue. They tell customers to do one thing and when you do it its somethiing else. I've been a member for a long time and their customer service has declined drastically. Not once have they taken any responsibilty for what they are telling customers or even apologized for any inconvenence it has caused.
Just opened a 5 year cd (2.27%apy), with State Dept. FCU, was a very easy process. Everything was done by fax and the funds were taken directly from a money market acct. The EWP is 180 days, the wording regarding EWP was very consumer friendly (unlike some banks & cu's). At these rates, everything should be easy & consumer friendly!
|Return on Assets - YTD||0.93%|
|Return on Equity - YTD||14.26%|
|Annual Interest Income||$33.7MM|
|Assets and Liabilities|
|Assets||Q2 2022vs Q2 2021||$2.68B$2.52B|
|Loans||Q2 2022vs Q2 2021||$1.26B$1.15B|
|Deposits||Q2 2022vs Q2 2021||$2.26B$2.17B|
|Equity Capital||Q2 2022vs Q2 2021||$173.4MM$247.4MM|
|Loan Loss Allowance||Q2 2022vs Q2 2021||$7.5MM$9.4MM|
|Unbacked Noncurrent Loans||Q2 2022vs Q2 2021||$5.6MM$3.7MM|
|Real Estate Owned||Q2 2022vs Q2 2021||$0$0|
Rates for State Department Federal Credit Union are currently being reviewed.
|State Department Federal Credit Union Locations|
|Branch Office||1630 King St||Alexandria, VA 22314-2763|
|Branch Office||Building 41 Fort Lesley J McNair||Washington, DC 20319-0001|
|Branch Office||1801 N Lynn St||Arlington, VA 22209|
|Branch Office||3100 Clarendon Blvd||Arlington, VA 22201|
|Branch Office||Room B-641 2201 C St NW,||Washington, DC 20521-0001|
|Branch Office||2009 Dyess Ave Bldg F||Charleston, SC 29405-2502|