Department of Commerce
Headquarters
P.o. Box 14720
Washington, DC 20044
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Reviewed by member | December 14, 2022 |
Online
CDs
12 Month
Rates
Agree with Jaben to stay away from docfcu. They don't appreciate loyal members and easily turn down any requests after a delayed response. I have closed my accounts and moved my funds to better institutions with 24x7 customer service and peace of mind.
2025 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 $838.07 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 | $838.07 million |
| Loans | $699.73 million |
| Deposits | $761.63 million |
| Capital | $54.38 million |
Field of Membership Restrictions
Membership in Department Of Commerce Federal Credit Union is open to the following: (1) those who live, work, attend school or worship in Washington D.C.; (2) employees of the U.S. Department of Commerce, NOAA or their affiliates (membership requirements are listed in the online application).
Deposit Rates - July 30, 2025
Your Current Location: New York, NY 10116
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Online CD
|
2.23% | $500 | - |
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|
| 1-Year CD
|
2.18% | $500 | - |
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|
| 18-Month CD
|
2.18% | $500 | - |
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|
| 3-Year CD
|
2.02% | $500 | - |
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|
| 4-Year CD
|
2.02% | $500 | - |
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|
| Online CD
|
1.97% | $500 | - |
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|
Loan Rates - July 30, 2025
Your Current Location: New York, NY 10116
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 - New York 30 Year Fixed Mortgage Rates 2025
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 292473 |
6.380% | 6.250% | 0.75 | $4,414 | $1,971 | Learn More |
NMLS ID: 1067 |
6.445% | 6.375% | 0.75 | $2,362 | $1,997 | Learn More |
NMLS ID: 613839 |
6.610% | 6.490% | 0.63 | $3,999 | $2,021 | Learn More |
NMLS ID: 399799 |
6.626% | 6.500% | 1.00 | $4,348 | $2,023 | Learn More |
Featured - New York Home Equity Line Of Credit Rates 2025
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|
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:
New York City,New York
Department Of Commerce Locations around zip code 10116
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 199.56 | A | View Lobby Hours | |
| 203.83 | B | View Lobby Hours |
Climate Policy and Initiatives
DEPARTMENT OF COMMERCE is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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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 |
|---|---|
| 13.85% | 6.86 |
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, 2025, Department Of Commerce had $7,482,092 in non-current loans and $540,488 in owned assets. To cover these potential losses it had $54,377,771 in net worth and $3,535,109 in loans loss reserves. That gives it a Texas Ratio of 13.85%.
Net Worth
| Department Of Commerce | U.S. Average |
|---|---|
| 6.41% | 14.12% |
Department Of Commerce FCU has a net worth of 6.41% versus the BestCashCow average of 14.12. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Department of Commerce
member
December 14, 2022 |
Agree with Jaben to stay away from docfcu. They don't appreciate loyal members and easily turn down any requests after a delayed response. I have closed my accounts and moved my funds to better institutions with 24x7 customer service and peace of mind.
Is this review helpful? Yes:1 / No: 0
Jaben
November 14, 2022 |
Refused to waive penalties when I asked to move my CD into another 5 year CD in their institution prior to maturity, rather than withdrawing and placing in another bank. It took me several weeks to get a response to this question because I had to 1st start with a customer account rep and then ask someone higher up.
Other banks and credit unions waive fees if you keep the money in their bank, so I would stay away from this credit union if you want real customer service. They don't value anyone's patronage.
Is this review helpful? Yes:1 / No: 0
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