Transportation Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 2.98% | 5-year IRA | 2.28% - National Average |
| 2.47% | 3-year IRA | 1.87% - National Average |
| 2.98% | 5-year CD |
Transportation Federal Credit Union is headquartered in Alexandria and is the 30th largest credit union in the state of Virginia. It is also the 937th largest credit union in the nation. It was established in 1939 and as of December of 2018, it had grown to 52 employees and 20,421 members at 3 locations. Transportation Federal Credit Union's CD rates are 2X the national average, and it has an A health rating.
Field of Membership Restrictions
Membership in Transportation Federal Credit Union is open to anyone through joining the American Consumer Council. Membership is also open to active or retired employees of the Department of Homeland Security, the Transportation Security Administration and over 100 Select Employer Groups located in Washington D.C. and the surrounding area.
See current membership details
Related Posts
3/1 - Tweaks In CD Rates
2/1 - Increased February Posted CD Rates
7/3/13 - Top IRA CD Rates at Transportation Federal Credit Union
3/29/12 - Competitive CD Rates at Transportation FCU - Limited Membership
12/10/08 - 4.58% 12-Month CD at Transportation FCU in DC & MA
1/31/07 - 5.61% 12-Month / 5.61% 18-Month CD at a DC/MA CU (Transportation)
Details On Opening An Account
Well - - good news is that they did accept my paperwork and gave me the special CD rate. High marks there.
BUT, and this is a true story, I had mailed in my application snail mail on 2/3. Included my application and checks for share, checking, and CD.
I got in their member PASSPORT (new account) today 2/27/17.
Turns out, I had just dropped my wife's passport into the FEDS to have it renewed. That was 2/6. Got it back 2/23 using all normal mailing and shipping. So it took less time to get our official US PASSPORT renewed than it did to get this account opened at Transportation FCU.
Take away from this note: They may be OK or even good, but do not get in a hurry.
Close Call On Funding Promotional CD
Starting in February of 2016, this credit union had a promotional 3 year CD with an APY of 2.50%. Since they insisted on having you submit your membership application via snail mail, that slowed the process down considerably. Once they got the papework, the customer service people at the credit union were great. However, their marketing department that sets and rescinds the promotional CD rates left a lot to be desired. I say this because on February 16th, they cut the rate for the CD to 1.2%! Luckily, I received the promotional rate. However, this is a cautionary tale with regards to promotional CD's. Most of them have some sort of "subject to change at any time" caveats. This is the first time that I've experience a financial institution exercising that option in such a short amount of time. 16 days? I never would have gotten an IRA set-up and funded in that amount of time. Luckily, the CD that I created was for a taxable account and other than the membership application there wasn't any other paperwork involved. Whenever I pop for one of these "promotional" CD's, I alway fund a savings account first. Once that's cleared, I verify that the promotional CD rate still exists. If it does, I have them create the CD. If it doesn't this gives me the option of taking the money back out of the institution without incurring some sort of early withdrawal penalty. So far, I've never had to yank money right back out of a new account. However, it was a close call on this one.
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 3140 |
| Year Chartered | 1939 |
| Employees | 52 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.04% |
| Return on Equity - YTD | 0.42% |
| Annual Interest Income | $9.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $240.4MM$231.3MM |
| Loans | Q4 2018vs Q4 2017 | $155.4MM$142.9MM |
| Deposits | Q4 2018vs Q4 2017 | $215.9MM$206.2MM |
| Equity Capital | Q4 2018vs Q4 2017 | $22.8MM$22.5MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $2.1MM$397.00K |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $1.5MM$352.00K |
| Real Estate Owned | Q4 2018vs Q4 2017 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Transportation 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.
Transportation Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.35% | $25 | - | IRA Share | |
| 0.20% | $5 | - | Regular Share | |
| 0.20% | $5 | - | Holiday Club |
Transportation Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.80%* | $50k* | - | Money Market Account | ||
| OTHER TIERS: 0.65% → $2.5k - $10k | 0.70% → $10k - $20k | 0.75% → $20k - $50k | |||||
Transportation Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | - | - | Convenience Checking | |
| 0.10% | - | - | On the Move Checking |
Transportation Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.98% | $100k | - | 5 Year Jumbo CD | |
| 2.80% | $1k | $100k | 2 Year Anniversary CD | |
| 2.78% | $1k | - | 5 Year CD | |
| 2.57% | $100k | - | 4 Year Jumbo CD | |
| 2.40% | $1k | - | 4 Year CD | |
| 2.37% | $100k | - | 3 Year Jumbo CD | |
| 2.30% | $1k | - | 3 Year CD | |
| 2.17% | $100k | - | 2 Year Jumbo CD | |
| 1.96% | $1k | - | 2 Year CD | |
| 1.96% | $100k | - | 1 Year Jumbo CD | |
| 1.86% | $1k | - | 1 Year CD | |
| 1.25% | $1k | - | 6 Month Money Market CD | |
| 1.16% | $250 | - | 6 Month Affordable CD | |
| 0.45% | $25 | - | 12 Month First Step CD |
Transportation Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.98% | $100k | - | 5 Year Jumbo IRA | |
| 2.88% | $1k | - | 5 Year IRA | |
| 2.80% | $1k | $100k | 2 Year Anniversary IRA | |
| 2.68% | $100k | - | 4 Year Jumbo IRA | |
| 2.57% | $1k | - | 4 Year IRA | |
| 2.47% | $100k | - | 3 Year Jumbo IRA | |
| 2.37% | $1k | - | 3 Year IRA | |
| 2.27% | $100k | - | 2 Year Jumbo IRA | |
| 2.12% | $1k | - | 2 Year IRA | |
| 2.07% | $100k | - | 1 Year Jumbo IRA | |
| 1.97% | $1k | - | 1 Year IRA |
| Transportation Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 800 Independence Ave SW # 128 | Washington, DC 20591-0001 |
| Branch Office | 1200 New Jersey Ave SE Fl 1 | Washington, DC 20590-0001 |
| Branch Office | 55 Broadway | Cambridge, MA 02142 |