State Department Federal Credit Union


Overview / Commentary
703-706-5000
1630 King St
Alexandria, VA 22314-2744

State Department Federal Credit Union is headquartered in Alexandria and is the 8th largest credit union in the state of Virginia. It is also the 137th largest credit union in the nation. It was established in 1935 and as of June of 2020, it had grown to 206 employees and 89,076 members at 6 locations. State Department Federal Credit Union's money market rates are 59% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

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

Superior Service And Convenience

Posted by: |

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.

Poor Customer Service

Posted by: |

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.

Problems, Moving Goalposts And Time Wasted

I tried to invest in a CD but was stopped by this FCU's illogical and changing "policies". The final straw was their asking for a copy of my tax return. I pointed out that I was not applying for a loan, I was going to lend them money. When it became clear they do not comprehend the difference between the two, I pulled the plug. I wonder how they stay in business when they turn away potential customers.

5 Yr. Cd State Dept. FCU

Posted by: |

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!

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Health

Health Grade Components

Overall
NCUA #435
Year Chartered1935
Employees206
Primary Regulator
Profit Margin
Return on Assets - YTD0.48%
Return on Equity - YTD4.52%
Annual Interest Income$35.2MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$2.31B$2.06B
LoansQ2 2020vs Q2 2019$1.23B$1.18B
DepositsQ2 2020vs Q2 2019$1.93B$1.64B
Equity CapitalQ2 2020vs Q2 2019$239.0MM$205.1MM
Loan Loss AllowanceQ2 2020vs Q2 2019$8.4MM$5.7MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$3.8MM$5.2MM
Real Estate OwnedQ2 2020vs Q2 2019$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not State Department 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.

State Department Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%--IRA Share
0.10%--Regular Savings
0.10%--Custom Savings

State Department Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.70%*$100k*-Premiere Money Management Shares
OTHER TIERS: 0.50% $25k - $50k | 0.60% $50k - $100k
0.40%$2k-Prime Money Management Shares

State Department Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$25k-Privilege Checking - Qualifying
0.45%$2k-Advantage Checking - Qualifying

State Department Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.21%$500-60 Month Certificate
1.21%$100k-60 Month Jumbo Certificate
1.10%$500-36 Month Certificate
1.10%$500-48 Month Certificate
1.10%$100k-36 Month Jumbo Certificate
1.10%$100k-48 Month Jumbo Certificate
1.00%$500-24 Month Certificate
1.00%$100k-24 Month Jumbo Certificate
0.95%$500-12 Month Certificate
0.95%$100k-12 Month Jumbo Certificate
0.85%$500-30 Month Bump Up Certificate
0.85%$500-45 Month Bump Up Certificate
0.85%$100k-30 Month Jumbo Bump Up Certificate
0.85%$100k-45 Month Jumbo Bump Up Certificate
0.75%$500-17 Month Bump Up Certificate
0.75%$100k-17 Month Jumbo Bump Up Certificate
0.65%$500-6 Month Certificate
0.65%$100k-6 Month Jumbo Certificate

State Department Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.31%$500-60 Month IRA Certificate
1.21%$500-36 Month IRA Certificate
1.21%$500-48 Month IRA Certificate
1.10%$500-24 Month IRA Certificate
1.05%$500-12 Month IRA Certificate
Locations


State Department Federal Credit Union Locations
Branch Office1630 King StAlexandria, VA 22314-2763
Branch OfficeBuilding 41 Fort Lesley J McNairWashington, DC 20319-0001
Branch Office1801 N Lynn StArlington, VA 22209
Branch Office3100 Clarendon BlvdArlington, VA 22201
Branch OfficeRoom B-641 2201 C St NW,Washington, DC 20521-0001
Branch Office2009 Dyess Ave Bldg FCharleston, SC 29405-2502

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