United States Senate Federal Credit Union is headquartered in Alexandria and is the 13th largest credit union in the state of Virginia. It is also the 353rd largest credit union in the nation. It was established in 1935 and as of December of 2022, it had grown to 130 employees and 49,922 members at 4 locations. United States Senate Federal Credit Union's CD rates are 5X the national average, and it has a B+ 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
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.
USSFCU is currently allowing members with certificates to break and renew them without penalty at the current rates. This week I broke a regular and an IRA CD and renewed them both for another five-year term at the prevailing rates. Both of my CDs still had about a year to go on them until maturity.
I think it's worth a call to see if your CDs are eligible. I had no eligibility issues myself (both CDs were maturing within a year).
If you are a USSFCU member with a CD and received an email from USSFCU recently announcing this program and thought it was a scam, I can tell that you that it isn't.
FYI.
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.
needed to cash out a cd due to an emergency. they want to charge me nearly 17000 in penalty. don t go there .don t use them. they are cut throat criminals
Overall | |
---|---|
NCUA # | 624 |
Year Chartered | 1935 |
Employees | 130 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.38% |
Return on Equity - YTD | 4.31% |
Annual Interest Income | $49.6MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q4 2022vs Q4 2021 | $1.26B$1.21B |
Loans | Q4 2022vs Q4 2021 | $1.03B$820.4MM |
Deposits | Q4 2022vs Q4 2021 | $1.14B$1.09B |
Equity Capital | Q4 2022vs Q4 2021 | $109.2MM$114.4MM |
Loan Loss Allowance | Q4 2022vs Q4 2021 | $7.9MM$5.2MM |
Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $6.5MM$3.1MM |
Real Estate Owned | Q4 2022vs Q4 2021 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not United States Senate Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
1.01% | $5 | - | IRA Savings Account | |
0.15% | $5 | - | Primary Savings Share | |
0.15% | $5 | - | Youth Savings Share | |
0.15% | $5 | - | Holiday Club Savings Share | |
0.05% | - | - | Business Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.05% | $2k | - | Gold Source Checking Share |
United States Senate Federal Credit Union Locations | ||
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Corporate Office | 1310 Braddock Pl | Alexandria, VA 22314-1691 |
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 |