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 340th largest credit union in the nation. It was established in 1935 and as of December of 2020, it had grown to 116 employees and 41,407 members at 3 locations. United States Senate Federal Credit Union 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
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.
Serving Customers Fees And Lies
They will get over on you any way they can. They are worse than a traditional bank because at USSFCU not only are the fees more, but they are less compassionate, harder to contact about problems, and make it difficult to get your money.
There are people like Jonathan who just takes calls and don't resolve complaints and people like Cynthia Chambers who can reach out, but can't answer questions and pushes you off on a mindless employee. like Jonathan.
They just don't care about their customers or customer service unless they are servicing those customers fees.
Data as of Q4 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 624 |
| Year Chartered | 1935 |
| Employees | 116 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.23% |
| Return on Equity - YTD | 2.52% |
| Annual Interest Income | $44.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2020vs Q4 2019 | $1.14B$1.02B |
| Loans | Q4 2020vs Q4 2019 | $780.9MM$742.8MM |
| Deposits | Q4 2020vs Q4 2019 | $1.03B$915.2MM |
| Equity Capital | Q4 2020vs Q4 2019 | $103.5MM$99.8MM |
| Loan Loss Allowance | Q4 2020vs Q4 2019 | $12.5MM$12.2MM |
| Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $2.5MM$6.4MM |
| Real Estate Owned | Q4 2020vs Q4 2019 | $0$0 |