United States Senate Federal Credit Union
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 323rd largest credit union in the nation. It was established in 1935 and as of December of 2019, it had grown to 111 employees and 41,226 members at 3 locations. United States Senate Federal Credit Union's CD rates are 12% higher than 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
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
Very Good Customer Service
I opened account online. Customer Service is really good and prompt. Best part is send a secure messages from their website.
Website is easy to use, you can setup lot of alerts. I hope they will have two factor authentication with text message.
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.
Absolute Worst Fees Ever!
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.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 624 |
| Year Chartered | 1935 |
| Employees | 111 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.92% |
| Return on Equity - YTD | 9.26% |
| Annual Interest Income | $48.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $1.02B$840.1MM |
| Loans | Q4 2019vs Q4 2018 | $742.8MM$667.8MM |
| Deposits | Q4 2019vs Q4 2018 | $915.2MM$743.9MM |
| Equity Capital | Q4 2019vs Q4 2018 | $99.8MM$89.4MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $12.2MM$9.4MM |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $6.4MM$2.0MM |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$32.00K |