Transit Employees Federal Credit Union

Popular Accounts at this Credit Union

1.05%5-year CD
0.75%1-year CD
View all Transit Employees Federal Credit Union rates »

Overview / Commentary
6404 Ivy Ln Ste 510
Greenbelt, MD 20770

Transit Employees Federal Credit Union is headquartered in Greenbelt and is the 35th largest credit union in the state of Maryland. It is also the 1,623rd largest credit union in the nation. It was established in 1940 and as of December of 2018, it had grown to 32 employees and 13,132 members at 3 locations. Transit Employees Federal Credit Union's CD rates are 78% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership in Transit Employees Federal Credit Union is open to employees and retirees of Washington Metropolitan Area Transit Authority, Arlington Transit, Amtrak, Atlantic Services, The Excel Institute & Auto Repair, Circulator, First Transit, Langdon Education Campus, Kaiser Permanente, Metro Access, Pathways School Crossland Campus, Pathways School Duval Campus, Transdev, Washingtonian Cab Company, or Yellow Cab Company of DC.
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Reviews (2)

Credit Union banking

Posted by: janieyork | Jun 23, 2017

I was hesitant to sign up with my credit union, because at the time I was unfamiliar with them. I thought that doing things only through my regular checking account was ideal for me. A chance came with my employer to join my credit union, and at first, I was going to pass it up, but because of the rewards involved, I decided "why not?" I signed up with my credit union, and haven't looked back since. I am very happy with my credit union bank. They have allowed me a chance to open a savings account with no fees required. They are small and independently owned, which means if I have a problem, I can reach someone from the local community to help me resolve it, instead of waiting on a hotline for hours on end. My account requires no minimum fee, and I am able to make deposits both online and through a branch. The branch hours are flexible, and the workers are professional and courteous. I am extremely happy that I made the decision to switch, and in my point of view, it's something that I should have done much sooner. I have no intention of looking back and returning to a large bank if I can help it.

Banking with Transit Federal Credit Union

Posted by: Iwantianc | Feb 18, 2018

I have been with this credit union for about 4 years. It is right down the street from me, and one day I decided to go and talk to them about opening an account because I wanted to switch to a credit union. I was immediately led into the office of a very knowledgeable representative of the bank. She went through all my questions and presented me with all the information that I needed to know in order to open my account. I was easily able to bring in my paycheck and have it begin to be deposited in my checking account. Anytime I have had trouble I have been able to contact them through their telephone number and they have been very patient with me. All in all, I personally feel like it is a much more intimate and pleasant experience than I previously had with banks.

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Transit Employees Federal Credit Union has a relatively low asset base.

Health Grade Components

NCUA #3764
Year Chartered1940
Primary Regulator
Profit Margin
Return on Assets - YTD2.73%
Return on Equity - YTD13.89%
Annual Interest Income$4.1MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$99.1MM$97.8MM
LoansQ4 2018vs Q4 2017$44.3MM$41.7MM
DepositsQ4 2018vs Q4 2017$79.0MM$80.1MM
Equity CapitalQ4 2018vs Q4 2017$19.4MM$17.3MM
Loan Loss AllowanceQ4 2018vs Q4 2017$642.00K$894.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$203.00K$1.1MM
Real Estate OwnedQ4 2018vs Q4 2017$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Transit Employees Federal Credit Union Savings Account Rates

1.00%*$10k*-IRA Savings
OTHER TIERS: 0.45% Up to $2.5k | 0.75% $2.5k - $10k
0.95%$5-Dollar Dog Share Account
0.95%$25-Cha-Ching Share Account
0.95%$25-The Edge Share Account
0.30%$25-Regular Share Account
0.10%--Holiday Club Account
0.10%--Special Savings Account

Transit Employees Federal Credit Union Money Market Rates

0.60%*$100k*-The Paramount Money Market Account
OTHER TIERS: 0.25% $500 - $2.5k | 0.45% $2.5k - $10k | 0.50% $10k - $25k | 0.55% $25k - $100k

Transit Employees Federal Credit Union Checking Account Rates

0.20%*$5k*$10kLoyalty Checking
OTHER TIERS: 0.15% $3k - $5k
0.15%$2.5k-Elite Business Checking
0.05%--Rewards Checking

Transit Employees Federal Credit Union CD Rates

2.75%$500-60 Month CD
2.50%$500-48 Month CD
2.25%$500-36 Month CD
2.00%$500-24 Month CD
1.60%$500-12 Month CD
1.05%$25-60 Month FUSE CD
1.05%$25-24 Month Youth CD
0.80%$500-6 Month CD
0.75%$25-12 Month SAYGo CD
0.60%$25-6 Month Youth CD

Transit Employees Federal Credit Union IRA Rates

2.75%$500-60 Month IRA
2.50%$500-48 Month IRA
2.25%$500-36 Month IRA
2.00%$500-24 Month IRA
1.60%$500-12 Month IRA
0.80%$500-6 Month IRA

Transit Employees Federal Credit Union Locations
Branch Office2440 Market St NE Ste 901Washington, DC 20018
Branch Office6404 Ivy Ln Ste 510Greenbelt, MD 20770-1426
Branch Office5948 Richmond HwyAlexandria, VA 22303-1871

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