2021 Overview
General Credit Union Information
Department Of Commerce is an NCUA insured institution located in Washington, DC. It was founded in 1964 and has approximately $565.31 millions in assets.
Who can join?
If you live, work, worship or attend school in Washington, D.C., or if you are employed by the Department of Commerce* or the National Oceanic and Atmospheric Administration (including contractors), or if you are retired as a pensioner or annuitant from the aforementioned organizations, you’re eligible to become a member of DOCFCU.
*With the exception of employees of the Patent and Trademark Office, the National Institute of Science and Technology and the Bureau of the Census.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 16410 |
| Date Established | 1964 |
| Assets | $565.31 million |
| Loans | $367.71 million |
| Deposits | $469.89 million |
| Capital | $48.89 million |
Field of Membership Restrictions
Deposit Rates - July 27, 2021
Your Current Location: Connecticut, CT 06828
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.05% | $2,500 | $4,999 |
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|
|
Money Market
|
0.10% | $2,500 | $2,999 |
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|
|
Money Market
|
0.10% | $10,000 | $14,999 |
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|
|
Money Market
|
0.15% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.26% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.26% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.41% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.41% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
0.71% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.71% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.56% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.56% | $100,000 | $199,999 |
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|
| 30 Mo CD
|
0.81% | $10,000 | $14,999 |
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|
| 30 Mo CD
|
0.81% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.67% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.67% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
0.75% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
0.75% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
0.92% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
0.92% | $100,000 | $199,999 |
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|
Loan Rates - July 27, 2021
Your Current Location: Connecticut, CT 06828
There are currently no loan rates available for DEPARTMENT OF COMMERCE
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Connecticut 30 Year Fixed Mortgage Rates 2021
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1907 |
2.798% | 2.750% | -0.38 | $1,562 | $1,021 | Learn More |
NMLS ID: 3030 |
3.349% | 3.250% | 0.75 | $3,125 | $1,089 | Learn More |
NMLS ID: 3030 |
3.465% | 3.375% | 0.63 | $2,812 | $1,106 | Learn More |
|
NMLS ID: 1907 |
2.798% | 2.750% | -0.38 | $1,562 | $1,021 | Learn More |
Featured - Connecticut Home Equity Line Of Credit Rates 2021
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Bethpage Federal Credit Union See Table |
Intro APR 2.990 % After Intro: 3.750 % Intro Period: 12 months |
$25,000 |
Learn More
More Info |
Third Federal Savings and Loan See Table |
2.240 %
|
$0 |
Learn More
More Info |
BMO Harris Bank See Table |
4.840 %
|
$0 |
Learn More
More Info |
Note to DEPARTMENT OF COMMERCE
To upload and update your bank's rates please register.
It is free to register and add rates.
Branches
Below are Department Of Commerce 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:
Fairfield,Connecticut
Financial Details
Department Of Commerce Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Department Of Commerce. 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
| Department Of Commerce | U.S. Average |
|---|---|
| 1.44% | 4.38 |
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 March 31, 2021, Department Of Commerce had $725,413 in non-current loans and $0 in owned assets. To cover these potential losses it had $48,891,534 in net worth and $1,473,695 in loans loss reserves. That gives it a Texas Ratio of 1.44%.
Net Worth
| Department Of Commerce | U.S. Average |
|---|---|
| 8.64% | 12.20% |
Department Of Commerce FCU has a net worth of 8.64% versus the BestCashCow average of 12.20. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Frequently Asked Questions About Department Of Commerce
Branches and Savings
What is Department Of Commerce?
A federal credit union, registered with the NCUA under certificate #16410.
Learn more about credit unions here.
Is Department Of Commerce FDIC insured?
No, credit unions are not insured by the FDIC. Most, but not all, are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance. Department Of Commerce is insured by the NCUA.
Who can join Department Of Commerce?
Please see Field of Membership information above for information on who is eligible to join.
How big is Department Of Commerce?
Department Of Commerce has total capital of $48.89 million. Full information on Department Of Commerce's financial position is located above.
Who owns Department Of Commerce?
Credit Unions are owned by their members.
Where are Department Of Commerce branches located?
See branch locations nearby.
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