United States Senate Federal Credit Union is headquartered in Alexandria and is the 14th largest credit union in the state of Virginia. It is also the 367th largest credit union in the nation. It was established in 1935 and as of June of 2022, it had grown to 125 employees and 46,081 members at 4 locations. United States Senate Federal Credit Union's CD rates are 4X the national average, and it has an A health rating.
Field of Membership Restrictions
Membership in United States Senate Federal Credit Union is open to anyone through a contribution to the US Capitol Historical Society (USCHS). Membership is also open to employees of The United States Senate, The United States Supreme Court, The Government Accountability Office, Democratic National Committee, and over 75 area Select Employer Groups.
See current membership details
Related Posts
10/20 - 20 Month CD Paying 4.6%
10/11 - 3.75% APY Special 36-Month Certificate
10/7 - 36 Month 3.75
1/24 - United States Senate Fed Credit Union Has New Member Bonus Up To $200
1/3 - United States Senate FCU Nudges Up Rate On Top 60-Month CD
1/2 - United States Senate FCU (Easy Membership) Ups 60-Month Share Certificate To 3.69% APY ($60K Min)
10/2 - CD Rates Tweaked A Bit, Nothing Really Competitive Except 5 Year, And No One Should Do A 5 Year In This Environment
10/1 - United States Senate FCU - 5 Year CDs Increase By 10 Basis Points, Up To 3.63% APY
8/3 - United States Senate Fed Credit Union Ups 60-Month CD
8/2 - TOP RATE! 3.53% APY, Share Certificate (CD), $60K+
7/13 - HOT NEW RATES!! 3.27% APY 5 Year Share Certificate With USSFCU
3/2 - United States Senate FCU's 60-month CD Rate Increased
1/2 - United States Senate FCU Ups 60-Month CD Rate
Credit Union Helped Me
I started my first job in the United States Senate and my paycheck was deposited into the United States Senate Federal Credit Union. I had never had two nickels to rub together and the credit union helped me save money. The credit union had great advisors who helped me plan for retirement by starting an IRA so I could have many options for investing for the future. The credit union has branches both in D.C. and in the suburbs where I lived so I could get cash from the ATM.They also made it super easy for me to transfer money to my family. Mostly, I loved the advice since I was so inexperienced and I became friends with the staff. Having advice was crucial for me and getting advice from the credit union made me feel like I was protected. Later, I had bank accounts with other banks that were always trying to sell me services and products that I didn't want or need. The credit union was more honest and objective and so I felt like I was being looked after like an equal, not treated like a cow to milk like the ripoff banks.
Watch Out For Credit Card Fees
I opened a new account with USSFCU and gave them my credit card to open it. When I received the charge on my credit card they also included a wire transfer fee of $15.00. Just send a check to open and not a credit card
United States Senate Federal Credit Union
My mother worked for 25 years for the US Senate. Because of this, my entire family had accounts with the USSFCU (United States Senate Federal Credit Union). Honestly, I have not used that account much. I do maintain a small balance in the checking account to keep it active. I like the aspects of the account. No monthly fees, unlimited check writing, free atm/debit cards and no service charges. They also have great customer service. I have had a few minor issues with my checking account and direct deposit not working and they were extremely fast to fix the issue. The other good thing about the USSFCU is that there is no minimum deposit to open an account there. If you are eligible for an account, you can open one for free.
MEMBERSHIP LIMITED - READ FINE PRINT
Read BEFORE Applying! -
Membership Restrictions:
Membership in United States Senate Federal Credit Union is open to anyone through a contribution to:
the US Capitol Historical Society (USCHS).
COST: $ 65 MINIMUM . . .just to be able to deposit YOUR money in their credit union - go figure!??
Membership is also open to employees of :
The United States Senate
The United States Supreme Court
The Government Accountability Office
Democratic National Committee, and over 75 area Select Employer Groups.
WARNING: If you use an Apple computer (MacBook Pro, for instance) you WILL encounter problems uploading 2 ID - DRIVER'S LICENSE + UTILITY BILL or Passport or other Bank Statement. I had miserable experience and emailing one doc as pdf resulted in them saying "START A NEW APPLICATION".
Who needs this bureaucratic b.s.?
Timothy L. Anderson, the President, apparently isn't aware how screwed-up their application process is.
I tried multiple times uploading pdf files without success. Customer Service person said "I've spent all week trying to help people with this same problem".
Can I speak to your CTO-Chief Technology Officer or someone in that department?, I asked.
Her answer? "Just Google the solution", she said.
What should I Google, I asked.
"I don't know", she said.
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 624 |
| Year Chartered | 1935 |
| Employees | 125 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.35% |
| Return on Equity - YTD | 3.81% |
| Annual Interest Income | $21.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $1.19B$1.17B |
| Loans | Q2 2022vs Q2 2021 | $964.5MM$745.7MM |
| Deposits | Q2 2022vs Q2 2021 | $1.08B$1.05B |
| Equity Capital | Q2 2022vs Q2 2021 | $109.6MM$113.1MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $6.6MM$5.6MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $3.8MM$1.4MM |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |