United States Senate Federal Credit Union

Overview / Commentary
1310 Braddock Pl
Alexandria, VA 22314

United States Senate Federal Credit Union is headquartered in Alexandria and is the 12th largest credit union in the state of Virginia. It is also the 319th largest credit union in the nation. It was established in 1935 and as of December of 2023, it had grown to 140 employees and 61,527 members at 4 locations. United States Senate Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership in United States Senate Federal Credit Union is open to a Member of The U.S. Capitol Historical Society, Member of The American Consumer Council. You can become a member if you work or retired from over 100 Select Employee Groups. Membership is also open to immediate family member of a current USSFCU Member.
See current membership details

Related Posts

USSFCU Summer Bonus Yet? - 2/12/2024

Has anyone received their USSFCU's "Summer of Savings" bonus yet? I thought it would've been posted by now but when I didn't see it I looked at the terms closer. For the CD promo it said CD must be open/terms met for "six consecutive months" to QUALIFY. So... you don't count the month you opened it in, right? Then after THAT, it's another 60 BUSINESS days (not normal days like I first thought, BUSINESS days) to have it posted, which is almost another 2 1/2 months with weekends and bank holidays. If someone opened it at the beginning of the month, that means 9 1/2 months to get the bonus (if they even keep their word and give the bonuses). I didn't realize it was so long. But as I did mine kind of late in the promo period, I was wondering if anyone who might have done it earlier, or did one of the other promos instead, has received any of the bonuses yet, or is it still too early even for those?

USSFCU Slashes Rates - 2/1/2024

Well, it was nice while it lasted. Even though the Fed didn't, USSFCU slashed their rates today, by quite a bit. There are too many tiers & lengths to post them all, but the cuts were substantial. Example: 36 month CD for $1k-$99k: 5.23 -> 4.60 (APY) https://www.ussfcu.org/resources/rates/rates.html

36 Month CD @5.23% - 1/23/2024

Got email today from USSFCU.

View all posts from:

8 Days In, Successfully Funding Cds

Posted by: |

A week ago their 3-5 year Share Certificates APYs were the best on DepositAccounts.com, today the Library of Congress FCU beats them.

I was curious to see if a Credit Union affiliated with the US Senate would be any different than others. The application process was almost all online and had many steps due to high security, including a phone interview to screen out money launderers. They bought me a membership in American Consumers Council to qualify me, which I expect will eventually result in more junk mail. It cost $1 fee + $5 to open a Savings account. After verifying my outside checking account, the App or Web system allows up to $5,000 per day online transfers. Once the account was approved for check deposits, the daily limit for checks is $10,000, so I could max out at $15,000 per day to fund the savings account. (There is a monthly limit of $40,000.) To actually start the Share Certificates required a phone call, but once the rep. called me back the process was instantaneous. So far I was able to start 2 CDs, and tomorrow or Monday I should be able to call in to start a 3rd, so between USSFCU and Raisin I will soon have my first pre-retirement 5-year CD "ladder" with accounts earning between 4.81-5.51%.

Thank you, USSFCU. -Eric in New Mexico

Great Rates Good Customer Service

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I recently joined USSFCU and I appreciated all prior posters comments about USSFCU. I found the comments very helpful.

My research on the CU cemented my desire to join. I actually opened a new relationship and a 47 mo 5.28% yield cd. The process and outcome was very easy and as expected given all the comments I read here about USSFCU. Honestly the web application was relatively painless (attachments were easy to do) and quite successful. I was very happy with the customer service and all my interactions. Very quick turnaround with secure message replies. I found everyone to be quite professional.

Learning from prior comments, I used a db card ACH funding to avoid cash advance fees at my funding institution, as someone on this website pointed out. I used a nearly immediate free fee waived VACC membership and once my shared savings was opened I used another local coop shared branch deposit into shared savings to fund CD and it was opened same day as shared branch deposit. Granted I had to call the customer service team to open the CD over the phone but it was very smooth. Done instantly. For those worried about rate lock. I withdrew my funds with bank checks at my local institutions, drove to shared branch to make deposit and same day called USSFCU to open CD. I had prior research which local shared branch COOP locations would handle my deposit sum without restrictions. PS I believe USSFCU Rates once posted online in AM are good for the day. and Any holds on bank checks to USSFCU were transferred to CD. Since funds were going to be there for a while in Certificate it was perfectly fine for me.

All went well. Their customer service over the phone and via application secured messaging was good too. Very responsive. Wait times are not unreasonable for CU of their size. My experience with several calls were they were answered within less than 3 minute wait time. Max 10 - 15 minutes hold. I had an appreciation for the potential call volume they handle and didn't mind.

End to end entire process took 4 business days from initial application to CD funding. And because of all the great watch out comments here some of which I noted above, I successfully navigated any potential misunderstandings and the path to membership and funding

For me it was well worth it for the term rate combination.

Application Denied Hijinks

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USSFCU just denied our joint application for membership on 5/26/2023. The say they will be mailing a rejection letter explaining why! We were trying to open a joint share account in able to obtain a Jumbo Share Certificate @ 5.28 APY for 2 years.

Again, puzzling, we have no debt, own our home outright, FICO Score of 814, and High seven figure Net Worth.

I'm making an assumption, that its the Chexsystem they are using to deny membership. My ChexSystem score is 673 out of 800 and there isn't any negative information listed. The only thing listed is the numerous (9) Credit Union accounts listed where we had to open up share accounts in order to obtain jumbo CD's with the Credit Union. I had no problem opening up accounts with 7 of the Credit Unions listed. However, USSFCU and another one denied membership.

It seems that USSFCU doesn't realize there are a lot of CD shopper's out there that are forced to open up multiple accounts in sometime short time frames in order to obtain good CD rates and meet NCUA insurance limits.

I understand that the opening of many accounts at once may be a red flag, but a real financial institution should be aware that not all applicants can be fitted into one size.

Or could it be that USSFCU is just looking for customers that will use their products so they can make fees/interest off them?

Anyway if you fall into my scenario, stay away from USSFCU so you don't waste your time.

.Addendum: As of June 8, 2023, no correspondence received from USSFCU listing reason(s) why application rejected. Talk about :Star Chamber proceedings! Denied Membership but never provided the reasons why by your accuser?

Not Worth It!

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After I went thru all the hassles to establish a membership, I am struggling to open a Share certificate. Looks like you need to work thru the customer support to get the certificate open as there is no option in app/online. The issue is it takes 2 days for someone to respond to your chat. No luck with phone support as I gave up twice after 30 mins of hold. Call back option is useless as nobody returned my calls yet. I guess i'll park my money with some other institution than USSFCU. Just wasted $6.



Health Grade Components

NCUA #624
Year Chartered1935
Primary Regulator
Profit Margin
Return on Assets - YTD0.19%
Return on Equity - YTD2.4%
Annual Interest Income$70.4MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$1.46B$1.26B
LoansQ4 2023vs Q4 2022$1.16B$1.03B
DepositsQ4 2023vs Q4 2022$1.34B$1.14B
Equity CapitalQ4 2023vs Q4 2022$113.1MM$109.2MM
Loan Loss AllowanceQ4 2023vs Q4 2022$11.1MM$7.9MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$8.5MM$6.5MM
Real Estate OwnedQ4 2023vs Q4 2022$0$0

Rates for United States Senate Federal Credit Union are currently being reviewed.


United States Senate Federal Credit Union Locations
Corporate Office1310 Braddock PlAlexandria, VA 22314-1691
Branch Office441 G St NW Rm 1100Washington, DC 20548-0001
Branch OfficeSenate Hart Building Rm # SH-118Washington, DC 20510-0001
Branch Office2111 Eisenhower AveAlexandria, VA 22314

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