State Department Federal Credit Union

Overview / Commentary
1630 King St
Alexandria, VA 22314-2745

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 145th largest credit union in the nation. It was established in 1935 and as of December of 2021, it had grown to 188 employees and 91,087 members at 6 locations. State Department Federal Credit Union's money market rates are 25% 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

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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

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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.

Deprived Of My Own Money - ROBBERY

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I’m on the brink of closing my account. ACA referred me to this bank and I’ve been waiting for my debit card for ages. They were supposed to rush me my card via Fedex and tried twice they claim due to technical errors. After speaking with Fedex, they told me my card was delivered to Belvedere, Panama City when I explicitly emailed the bank my FULL ADDRESS IN CASABLANCA, MOROCCO and that ‘ Belvedere’ is the name of my neighborhood NOT my city. How careless that the bank CANNOT even copy and handwrite an postal address that was clearly sent via email to their MEMBER SERVICES. It is really worth trusting you folks with any substantial amount of my money???!!
After two weeks of waiting for a simple and confidential package that should have arrive 7 days ago, here I am on a business trip in a foreign country and “my bank” can’t even complete a paper FEDEX form properly. CLOSE, CLOSE, CLOSING ACCOUNT!!

5 Yr. Cd State Dept. FCU

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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!



Health Grade Components

NCUA #435
Year Chartered1935
Primary Regulator
Profit Margin
Return on Assets - YTD0.79%
Return on Equity - YTD8.19%
Annual Interest Income$63.7MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$2.63B$2.44B
LoansQ4 2021vs Q4 2020$1.20B$1.20B
DepositsQ4 2021vs Q4 2020$2.24B$2.08B
Equity CapitalQ4 2021vs Q4 2020$248.4MM$245.7MM
Loan Loss AllowanceQ4 2021vs Q4 2020$8.6MM$9.5MM
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$3.3MM$4.5MM
Real Estate OwnedQ4 2021vs Q4 2020$90.00K$0
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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

0.50%--IRA Share
0.10%--Regular Savings
0.10%--Custom Savings

State Department Federal Credit Union Money Market Rates

0.55%*$100k*-Premiere Money Management Shares
OTHER TIERS: 0.45% $25k - $50k | 0.50% $50k - $100k
0.40%$2k-Prime Money Management Shares

State Department Federal Credit Union Checking Account Rates

0.40%$25k-Privilege Checking - Qualifying
0.35%$2k-Advantage Checking - Qualifying

State Department Federal Credit Union CD Rates

1.66%$500-60 Month Certificate
1.66%$100k-60 Month Jumbo Certificate
1.51%$500-48 Month Certificate
1.51%$100k-48 Month Jumbo Certificate
1.36%$500-36 Month Certificate
1.36%$100k-36 Month Jumbo Certificate
1.26%$500-24 Month Certificate
1.26%$500-45 Month Bump Up Certificate
1.26%$100k-24 Month Jumbo Certificate
1.26%$100k-45 Month Jumbo Bump Up Certificate
1.10%$500-30 Month Bump Up Certificate
1.10%$100k-30 Month Jumbo Bump Up Certificate
1.00%$500-17 Month Bump Up Certificate
1.00%$100k-17 Month Jumbo Bump Up Certificate
0.75%$500-12 Month Certificate
0.75%$100k-12 Month Jumbo Certificate
0.60%$500-6 Month Certificate
0.60%$100k-6 Month Jumbo Certificate

State Department Federal Credit Union IRA Rates

1.76%$500-60 Month IRA Certificate
1.61%$500-48 Month IRA Certificate
1.46%$500-36 Month IRA Certificate
1.36%$500-24 Month IRA Certificate
0.85%$500-12 Month IRA Certificate

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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