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State Department Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
2.07%5-year CD60 Month Certificate
1.81%4-year CD48 Month Certificate
1.31%18-month CD17 Month Bump Up Certificate

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 130th largest credit union in the nation. It was established in 1935 and as of September of 2017, it had grown to 203 employees and 79,359 members at 6 locations. State Department Federal Credit Union's money market rates are 70% 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

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Reviews (6)

Superior Service And Convenience

Posted by: mlml | Dec 21, 2012

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.

5 Yr. Cd State Dept. FCU

Posted by: lof | Feb 27, 2012

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!

$30 Charge For Closing My Accounts

I was charged a $30 fee for closing my accounts. They didn’t even have the decency to let me know I would be charged

SDFCU Doesn't Care About Fraud Prevention

Posted by: John Coe | Sep 2, 2017

I just had a fraudulent card on my debit card. I called to report it, but they won't take any action based on a call, and there is no way to report it electronically either. I have my account set to give me alerts for all charges, but this charge happened two days ago, and I just got the notification. they have an on-line form, but you have to print it out and mail it. when you hit submit, it just takes you to a page to print it out. of course, you can fax it, like anybody today uses fax machines. to add insult to injury, when I cancelled the card, they said they would send me a new card even though I don't want one, because of their poor security. the only way to not have a card is to cancel the account, which of course I am going to do. I'm sure it won't be an easy process with this company. Customer service is poor, and fraud prevention is non-existent.

Frustrating

Posted by: Cstark | Jun 13, 2017

When you call for help the person you speak to, unless it is a very simple question, can't access the account or help. You have to wait 24 hours for a callback. When the matter is urgent this is very frustrating.

AVOID State Department FCU -- They CHARGE You $2 Even For "Free" Co-Op Atms!

Posted by: CUGuy99 | Nov 7, 2012

State Dept FCU is BAD for everyday banking if you don't live nearby. They're the ONLY Credit Union I'm aware of that CHARGES YOU AN ATM FEE of $2 TO USE EVEN A CO-OP ATM! Their language (hidden deep in their website that's impossible to find on its own without a google search) says that if you use a Co-Op ATM you won't be charged a "surchage" but you WILL be charged a "nominal" "$2 Transaction fee" for each transaction you do via a Co-Op "surcharge-free" ATM (if it's a non-Co-Op ATM, you'll be charged that $2 Transaction fee PLUS their ATM surcharge PLUS the other bank's ATM surcharge). But even for staying on the Credit Union Co-Op network, they STILL charge you a $2 "transaction fee" for each transaction you do on the "surcharge-free" Co-Op Network.

Wow. That's BAD. So they don't "surcharge" you, they "transaction fee" you instead. I've NEVER heard of this from any other Credit Union doing this, and I belong to 4 of them, and research credit unions all the time. Co-Op ATMs are supposed to be fee-free for credit union members (as long as it's a Co-Op ATM, and the credit union is on the Co-Op ATM network). Not here. That's just scummy.

I was considering opening an account here as well, and perhaps in the future when my current IRA expires, moving it to State Dept FCU. But not anymore. I have no problem banking with institutions not in my area... but I don't like getting charged $2 each time (especially when no other credit union does it) for doing things like deposting or withdrawing money from Co-Op (supposedly surcharge-free) ATMs.

So consider yourself warned, to read the fine print about all the hidden fees they charge. Unless it was an exceptional rate and you never touch the money for years at a time, I'd avoid this place. There's NO reason for them to charge this fee (when sticking with Co-Op ATMs). NO other credit union I'm aware of does this.

AVOID.



Health

Health Grade Components

Overall
NCUA #435
Year Chartered1935
Employees203
Primary Regulator
Profit Margin
Return on Assets - YTD0.78%
Return on Equity - YTD8.53%
Annual Interest Income$39.4MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$1.88B$1.78B
LoansQ3 2017vs Q3 2016$1.00B$857.3MM
DepositsQ3 2017vs Q3 2016$1.52B$1.45B
Equity CapitalQ3 2017vs Q3 2016$170.6MM$159.8MM
Loan Loss AllowanceQ3 2017vs Q3 2016$4.1MM$3.1MM
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$5.3MM$3.3MM
Real Estate OwnedQ3 2017vs Q3 2016$0$0
Rates
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* 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
0.75%*$100k*-Premiere Money Management Shares
OTHER TIERS: 0.55% $25k - $50k | 0.65% $50k - $100k
0.50%$2k-Prime Money Management Shares

State Department Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%$25k-Privilege Checking - Qualifying
0.40%$2k-Advantage Checking - Qualifying

State Department Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.22%$100k-60 Month Jumbo Certificate
2.07%$500-60 Month Certificate
1.81%$500-48 Month Certificate
1.81%$100k-48 Month Jumbo Certificate
1.75%$500-36 Month Certificate
1.75%$100k-36 Month Jumbo Certificate
1.56%$500-24 Month Certificate
1.56%$500-45 Month Bump Up Certificate
1.56%$100k-24 Month Jumbo Certificate
1.56%$100k-45 Month Jumbo Bump Up Certificate
1.50%$500-30 Month Bump Up Certificate
1.50%$100k-30 Month Jumbo Bump Up Certificate
1.46%$500-12 Month Certificate
1.46%$100k-12 Month Jumbo Certificate
1.31%$500-17 Month Bump Up Certificate
1.31%$100k-17 Month Jumbo Bump Up Certificate
0.85%$500-6 Month Certificate
0.85%$100k-6 Month Jumbo Certificate

State Department Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.32%$500-60 Month IRA Certificate
1.91%$500-48 Month IRA Certificate
1.75%$500-36 Month IRA Certificate
1.56%$500-24 Month IRA Certificate
1.46%$500-12 Month IRA Certificate
Locations


State Department Federal Credit Union Locations
Branch OfficeBuilding 41 Fort Lesley J McNairWashington, DC 20319-0001
Branch Office301 4th St SW Rm 130Washington, DC 20547-0001
Branch OfficeRoom B-641 2201 C St NW,Washington, DC 20521-0001
Branch Office1954 Greenspring DrTimonium, MD 21093
Branch Office1630 King StAlexandria, VA 22314-2763
Branch Office3100 Clarendon BlvdArlington, VA 22201