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 345th largest credit union in the nation. It was established in 1935 and as of June of 2019, it had grown to 113 employees and 40,614 members at 3 locations. United States Senate Federal Credit Union has an A health rating.
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
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.
The only credit union ever to require a cash advance to open an account. Every other bank opened with a transfer from another bank. The USSFCU method cost me $20 in cash advance fees. Plus they charged a $2 non-recoverable fee to open an account. Worst part is that when the account was approved I never got any notice. Had to see this myself on the application site and then call them only to find they created an ID and password but never gave it to me. Customer service is horrible and I regret dealing with them.
So a month later I see USSFCU is still killing customers with their fees. I transferred $250,000 into my account there and USSFCU charged me $10 TO ACCEPT IT!!!! The initiating bank charged me nothing. $10 to accept a quarter of a million? The last straw was a charge of $28 because I set up an external transfer account and when that bank recovered their 48 cents of trial deposits, USSFCU charged me yet another fee! $28 to recover $.48? So I am now done with USSFCU. I told them not a penny more and believe me, their stupid policies cost them a lot of money, now going to their competition.
|Return on Assets - YTD||1.26%|
|Return on Equity - YTD||12.43%|
|Annual Interest Income||$24.3MM|
|Assets and Liabilities|
|Assets||Q2 2019vs Q2 2018||$944.8MM$728.6MM|
|Loans||Q2 2019vs Q2 2018||$678.6MM$599.2MM|
|Deposits||Q2 2019vs Q2 2018||$842.2MM$641.0MM|
|Equity Capital||Q2 2019vs Q2 2018||$96.4MM$82.0MM|
|Loan Loss Allowance||Q2 2019vs Q2 2018||$11.3MM$8.1MM|
|Unbacked Noncurrent Loans||Q2 2019vs Q2 2018||$10.0MM$1.3MM|
|Real Estate Owned||Q2 2019vs Q2 2018||$0$543.00K|
Rates for United States Senate Federal Credit Union are currently being reviewed.
|United States Senate Federal Credit Union Locations|
|Branch Office||441 G St NW Rm 1100||Washington, DC 20548-0001|
|Branch Office||Senate Hart Building Rm # SH-118||Washington, DC 20510-0001|
|Branch Office||2111 Eisenhower Ave||Alexandria, VA 22314|