State Department Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 3.29% | 5-year CD | 2.27% - National Average |
| 3.03% | 4-year CD | 1.99% - National Average |
| 2.57% | 18-month CD | 1.61% - National Average |
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 134th largest credit union in the nation. It was established in 1935 and as of December of 2018, it had grown to 202 employees and 86,030 members at 6 locations. State Department Federal Credit Union's CD rates are 3X 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
Related Posts
11/1 - New-Member Bonus of up to $100 at State Department FCU - Easy Membership
6/27 - Top CD & IRA CD Rates at State Department FCU in VA - Easy Membership
5/17 - $25 Checking Account Bonus At State Department FCU - Easy Membership
4/5/08 - 4.58% 15-Month CD at a Virginia/DC Credit Union (State Department)
2/9/08 - 5.35% 15-Month CD at a Virginia/DC Credit Union (State Department).
2/3/08 - 7.00% 7-Month CD at a Virginia/DC Credit Union - $7K Max (State Department).
4/11/06 - 6.14% 60-Month CD at a Virginia CU
11/28/05 - 5.09% 15-Month CD at SDFCU
9/3/05 - Another 5 Percent CD
Superior Service And Convenience
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
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!
Poor Customer Service
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.
$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
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
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!
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.
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 435 |
| Year Chartered | 1935 |
| Employees | 202 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.89% |
| Return on Equity - YTD | 9.53% |
| Annual Interest Income | $62.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $1.99B$1.90B |
| Loans | Q4 2018vs Q4 2017 | $1.19B$1.03B |
| Deposits | Q4 2018vs Q4 2017 | $1.57B$1.53B |
| Equity Capital | Q4 2018vs Q4 2017 | $185.4MM$170.8MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $5.5MM$4.9MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $7.1MM$6.1MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $80.00K$0 |
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.75% | - | - | IRA Share | |
| 0.10% | - | - | Regular Savings | |
| 0.10% | - | - | Custom Savings |
State Department Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.21%* | $100k* | - | Premiere Money Management Shares | ||
| OTHER TIERS: 0.90% → $25k - $50k | 0.95% → $50k - $100k | |||||
| 0.80% | $2k | - | Prime Money Management Shares | ||
State Department Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.45% | $25k | - | Privilege Checking - Qualifying | |
| 0.40% | $2k | - | Advantage Checking - Qualifying |
State Department Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 3.29% | $500 | - | 60 Month Certificate | |
| 3.29% | $100k | - | 60 Month Jumbo Certificate | |
| 3.03% | $500 | - | 48 Month Certificate | |
| 3.03% | $100k | - | 48 Month Jumbo Certificate | |
| 2.93% | $500 | - | 36 Month Certificate | |
| 2.93% | $100k | - | 36 Month Jumbo Certificate | |
| 2.83% | $500 | - | 24 Month Certificate | |
| 2.83% | $100k | - | 24 Month Jumbo Certificate | |
| 2.78% | $500 | - | 45 Month Bump Up Certificate | |
| 2.78% | $100k | - | 45 Month Jumbo Bump Up Certificate | |
| 2.73% | $500 | - | 12 Month Certificate | |
| 2.73% | $100k | - | 12 Month Jumbo Certificate | |
| 2.68% | $500 | - | 30 Month Bump Up Certificate | |
| 2.68% | $100k | - | 30 Month Jumbo Bump Up Certificate | |
| 2.57% | $500 | - | 17 Month Bump Up Certificate | |
| 2.57% | $100k | - | 17 Month Jumbo Bump Up Certificate | |
| 2.06% | $500 | - | 6 Month Certificate | |
| 2.06% | $100k | - | 6 Month Jumbo Certificate |
State Department Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 3.49% | $500 | - | 60 Month IRA Certificate | |
| 3.24% | $500 | - | 48 Month IRA Certificate | |
| 3.14% | $500 | - | 36 Month IRA Certificate | |
| 3.03% | $500 | - | 24 Month IRA Certificate | |
| 2.93% | $500 | - | 12 Month IRA Certificate |
| State Department Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | Building 41 Fort Lesley J McNair | Washington, DC 20319-0001 |
| Branch Office | Room B-641 2201 C St NW, | Washington, DC 20521-0001 |
| Branch Office | 2009 Dyess Ave Bldg F | Charleston, SC 29405-2502 |
| Branch Office | 1630 King St | Alexandria, VA 22314-2763 |
| Branch Office | 1801 N Lynn St | Arlington, VA 22209 |
| Branch Office | 3100 Clarendon Blvd | Arlington, VA 22201 |