U S Postal Service Federal Credit Union is headquartered in Clinton and is the 26th largest credit union in the state of Maryland. It is also the 1,072nd largest credit union in the nation. It was established in 1934 and as of June of 2024, it had grown to 48 employees and 28,240 members at 6 locations. U S Postal Service Federal Credit Union's CD rates are 5X the national average, and it has a B+ health rating.
Field of Membership Restrictions
Membership is open to anyone through membership in the American Consumer Council. Membership is also open to employees or retirees of the United States Postal Service or several select employee groups.
See current membership details
Unfortunate Oversight!
I recently had a CD mature at U.S. Postal Service Federal Credit Union. To my shock, there is NO grace period when a CD matures. Any change made after the maturity date is subject to the early withdrawal penalty. My CD was at 3.25% and would have dropped to .45% (2 year term). I chose to withdraw the funds subject to the EWP and deposit the funds elsewhere at a higher interest rate for a shorter term. This was not "spelled out" in the maturity notice I received, however, I did find it in small print in some paperwork I received when I opened the account. I have never encountered a bank/credit union that did not have a grace period for a maturing CD. Beware!!!
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 16402 |
| Year Chartered | 1934 |
| Employees | 48 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.18% |
| Return on Equity - YTD | 1.7% |
| Annual Interest Income | $6.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $273.7MM$264.7MM |
| Loans | Q2 2024vs Q2 2023 | $212MM$229.3MM |
| Deposits | Q2 2024vs Q2 2023 | $230.8MM$233.2MM |
| Equity Capital | Q2 2024vs Q2 2023 | $29.4MM$28.7MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $2.1MM$2.1MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $2.5MM$2.5MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |