Department Of Commerce Federal Credit Union

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Review based on 12 criteria Rating: 3 out of 5

P.O. Box 14720, Washington, DC 20044

Website

(202) 808-3600

Data Source: NCUA, December 31, 2016


Department Of Commerce Federal Credit Union was founded in 1964. Headquartered in Washington, District of Columbia, Department Of Commerce Federal Credit Union is a federally chartered and federally insured credit union, operating within the regulation of the National Credit Union Association (NCUA) and being insured through the National Credit Union Share Insurance Fund (NCUSIF). Department Of Commerce Federal Credit Union is also a member of the Federal Home Loan Bank (FHLB) , which allows a credit union to access low cost secured borrowings or advances and prlides its members with financial products and services that assist and enhance the financing of housing and community lending.

As of December 31, 2016, Department Of Commerce Federal Credit Union services 23,913 members through its 3 offices and branches and 54 full-time employees. It has $432,573,036 of total assets and $36,248,250 of net worth. Based on its asset size and net worth ratio, Department Of Commerce Federal Credit Union is classified as a Well Capitalized medium large credit union.

Department Of Commerce Federal Credit Union offers a number of deposit and loan products to its members. To find out how competitive the offers are, please go to the Interest Rates page. Department Of Commerce Federal Credit Union also provides an array of services to its members and local communities. Department Of Commerce Federal Credit Union plans to extend its services by adding more branches or service centers in the next 12 month. To find out more, please go to the Services page.

The following two tables list the deplitory and loan interest rates of Department Of Commerce Federal Credit Union’s popular offerings. You can find out how competitive the offerings are by comparing them to the median interest rates offered by credit unions in District of Columbia and in the nation.

Major Deplitory Accounts and Interest Rates (%)

Interest Rate
Median of District of Columbia
Median of USA
Checking
0.0000
0.0000
0.0000
Savings
0.1000
0.1000
0.1200
Money Market
0.2400
0.2500
0.2500
Certificate Deplit
1.8500
0.7600
0.5800
IRA
1.8500
0.6500
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of District of Columbia
National Median Rates
Credit Cards
9.5800
9.7450
9.9900
Unsecured Line of Credits
12.7500
10.9000
10.9500
Short-term Small Amount
28.0000
21.5000
25.0000
Student Loans
8.5000
6.0550
6.0200
New Car Loans
3.7800
3.1100
3.3300
Used Car Loans
4.2800
3.5500
4.5000
1st Mortgage Real Estates
3.5400
3.8050
4.2500
Other Real Estates
3.6900
4.5900
4.7000

Department Of Commerce Federal Credit Union prlides a number of ways to access its services. In addition to its office and branches, a member can perform banking through Internet, phones, ATMs, and mobile devices. The table below lists the electronic banking services prlided by Department Of Commerce Federal Credit Union.

Electronic Banking Service Offerings

Membership Application
Yes
No
Share Account Transfers
Yes
New Loan Application
Yes
Share Draft Orders
Yes
Yes
New Share Account
Yes
Bill Payment
Yes
Yes
e-Statements
Yes
Loan Payments
Yes
No
Account Balance Inquiry
Yes
No
No
View Account History
Yes
Yes

As a community financial institution, Department Of Commerce Federal Credit Union actively involves in local communities by prliding services such as financial counseling , financial education.

Community and other Service Offerings

Financial Counselling
Yes
Bilingual Services
Yes
Free Bill Pay
Yes
Financial Education
Yes
In-School Branches
No
Free Tax Preparation Service
No
Financial Literacy Workshops
No
Student Scholarships
No
Insurance/Investment Sales
No
First Time Homebuyer Program
No
Main Office
1401 Constitution Ave Nw Rm B-841a
Washington, DC 20230-0001
Phone:202-808-3600

Silver Spring Office
1325 E West Hwy
Silver Spring, MD 20910
Phone:301-588-4722

The White House Branch
1724 F St Nw
Washington, DC 20505
Phone:202-808-3600

(202) 482-4317

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  1. Cuhub Staff
    Cuhub Staff

    Last Updated on May 30, 2017

    May 30, 2017 at 10:25 pm

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