Featured Savings Rates
Featured Accounts

Transit Employees Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.05%5-year CD60 Month FUSE CD
0.75%1-year CD12 Month SAYGo CD
0.10%SavingsSpecial Savings Account

Overview / Commentary
202-832-5100
2000 Bladensburg Rd Ne
Washington, DC 20018

Transit Employees Federal Credit Union is headquartered in WASHINGTON and is the 12th largest credit union in the District of Columbia. It is also the 1,605th largest credit union in the nation. It was established in 1940 and as of March of 2017, it had grown to 29 employees and 13,995 members at 3 locations. Transit Employees Federal Credit Union's money market rates are 36% higher than the national average, and it has an A 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.
See current membership details

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Reviews (1)

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.



Health

Health Grade Components

Overall
NCUA #3764
Year Chartered1940
Employees29
Primary Regulator
Profit Margin
Return on Assets - YTD0.91%
Return on Equity - YTD5.62%
Annual Interest Income$1.2MM
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$100.0MM$104.6MM
LoansQ1 2017vs Q1 2016$43.2MM$51.0MM
DepositsQ1 2017vs Q1 2016$83.5MM$85.5MM
Equity CapitalQ1 2017vs Q1 2016$16.1MM$18.6MM
Loan Loss AllowanceQ1 2017vs Q1 2016$756.00K$1.2MM
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$751.00K$2.3MM
Real Estate OwnedQ1 2017vs Q1 2016$0$95.00K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*$10k*-Traditional IRA
OTHER TIERS: 0.45% Up to $2,500 | 0.75% $2,500 - $10k
1.00%*$10k*-Roth IRA
OTHER TIERS: 0.45% Up to $2,500 | 0.75% $2,500 - $10k
1.00%*$10k*-Educational IRA
OTHER TIERS: 0.45% Up to $2,500 | 0.75% $2,500 - $10k
0.95%--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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*$100k*-The Paramount Money Market Account
OTHER TIERS: 0.25% $500 - $2,500 | 0.45% $2,500 - $10k | 0.50% $10k - $25k | 0.55% $25k - $100k

Transit Employees Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$5k*$10kLoyalty Checking
OTHER TIERS: 0.15% $3k - $5k
0.15%$2,500-Elite Business Checking
0.05%--Rewards Checking

Transit Employees Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.99%$500-60 Month CD
1.75%$500-48 Month CD
1.60%$500-36 Month CD
1.55%$500-24 Month CD
1.06%$500-12 Month CD
1.05%$25-60 Month FUSE CD
1.05%$25-24 Month Youth CD
0.75%$25-12 Month SAYGo CD
0.60%$25-6 Month Youth CD
0.60%$500-6 Month CD

Transit Employees Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.99%$500-60 Month IRA
1.75%$500-48 Month IRA
1.60%$500-36 Month IRA
1.55%$500-24 Month IRA
1.06%$500-12 Month IRA
0.60%$500-6 Month IRA
Locations


Transit Employees Federal Credit Union Locations
Branch Office2000 BLADENSBURG RD NEWASHINGTON, DC 20018
Branch Office1114 H St NEWashington, DC 20002-4443
Branch Office5948 Richmond HwyAlexandria, VA 22303-1871