Democracy Federal Credit Union

Headquarters

P O Box 25516
Alexandria, VA 22313
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.67% →
2-Year CD N.A. 0.80% →
5-Year CD N.A. 1.25% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Credit Union Information

Democracy is an NCUA insured institution located in Alexandria, VA. It was founded in 1936 and has approximately $177.06 millions in assets.

Who can join?

If you live, work, worship, attend school, or regularly conduct business in the areas below, you are eligible to join HEWFCU:

VIRGINIA - Most areas of the City of Alexandria, Arlington and Fairfax Counties
MARYLAND - Most areas of Prince George’s and Montgomery Counties
WASHINGTON, D.C. - All areas of the City

NCUA Insured Yes / Federally Chartered
Charter Number # # 1407
Date Established 1936
Assets $177.06 million
Loans $110.71 million
Deposits $159.69 million
Capital $15.70 million
 

Field of Membership Restrictions

Membership is open to those who live, work, worship, attend school, or regularly conduct business in most areas of the City of Alexandria, Arlington and Fairfax Counties, Virginia; Most areas of Prince George’s and Montgomery Counties in Maryland and all areas of the city of Washington D.C.

Deposit Rates - December 3, 2021

Your Current Location: Virginia, VA 20146

We do not yet have rates for Democracy

We're working to get deposit rates for every credit union in the world. Please bare with us until we are able to get rates for this credit union.

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Advertiser Disclosure

Loan Rates - December 3, 2021

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for DEMOCRACY

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:



Featured - Virginia 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Points Fees Monthly
Payment
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Rocket Mortgage
NMLS ID: 3030
3.726% 3.625% 0.75 $3,125 $1,141 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
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Intro APR
2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
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Flagstar Bank-Heloc
Flagstar Bank-Heloc
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4.990 %
$0 Learn More
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Note to DEMOCRACY
To upload and update your bank's rates please register. It is free to register and add rates.


 

Branches

Below are Democracy branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Democracy Locations



Climate Initiatives

DEMOCRACY is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.

Financial Details

Democracy Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Democracy. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Democracy U.S. Average
6.30% 3.79

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of June 30, 2021, Democracy had $949,756 in non-current loans and $86,846 in owned assets. To cover these potential losses it had $15,699,031 in net worth and $747,048 in loans loss reserves. That gives it a Texas Ratio of 6.30%.

Net Worth
Democracy U.S. Average
8.86% 12.22%

Democracy FCU has a net worth of 8.86% versus the BestCashCow average of 12.22. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

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