Department Of Commerce

Headquarters

P.o. Box 14720
Washington, DC 20044
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 0.65% →
1-Year CD 0.41% 0.70% →
2-Year CD 0.56% 0.75% →
5-Year CD 0.92% 1.15% →
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

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

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 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 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.15% $25,000 $29,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.26% $10,000 $14,999 Learn More
6 Mo CD
0.26% $100,000 $199,999 Learn More
12 Mo CD
0.41% $10,000 $14,999 Learn More
12 Mo CD
0.41% $100,000 $199,999 Learn More
18 Mo CD
0.71% $10,000 $14,999 Learn More
18 Mo CD
0.71% $100,000 $199,999 Learn More
24 Mo CD
0.56% $10,000 $14,999 Learn More
24 Mo CD
0.56% $100,000 $199,999 Learn More
30 Mo CD
0.81% $10,000 $14,999 Learn More
30 Mo CD
0.81% $100,000 $199,999 Learn More
36 Mo CD
0.67% $10,000 $14,999 Learn More
36 Mo CD
0.67% $100,000 $199,999 Learn More
48 Mo CD
0.75% $10,000 $14,999 Learn More
48 Mo CD
0.75% $100,000 $199,999 Learn More
60 Mo CD
0.92% $10,000 $14,999 Learn More
60 Mo CD
0.92% $100,000 $199,999 Learn More

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
PADDIO
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
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
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info
BMO Harris Bank
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


Department Of Commerce Locations


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.

What are Department Of Commerce's share account and share certificate rates?

Department Of Commerce's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

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.

Are Department Of Commerce ATMs Open 24/7?

Do Department Of Commerce ATMs accept cash deposits?

Can Department Of Commerce customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Department Of Commerce have a mobile app?

Does Department Of Commerce have mobile deposit?

Does Department Of Commerce have quick pay?

How can Department Of Commerce transfer money to other banks or credit unions?

Does Department Of Commerce report to credit bureaus?

Does Department Of Commerce use Chexsystems?

Does Department Of Commerce use Equifax?

What is Department Of Commerce's toll free phone number?

What is Department Of Commerce's ACH Routing Number?

What is Department Of Commerce's SWIFT code?

Where can I find Department Of Commerce's wire transfer form?

What is the Department Of Commerce address for deposits?

What Products Does Department Of Commerce Offer

Does Department Of Commerce offer mortgages?

Compare mortgage rates here.

Does Department Of Commerce offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Department Of Commerce offer auto and RV loans?

Compare auto loan rates here.

Does Department Of Commerce offer student loans or personal loans?

Compare personal loan rates here.

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