Department of Commerce


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

Notable Rates APY Vs.Others
Savings N.A. 5.50% →
1-Year CD 5.02% 5.50% →
2-Year CD N.A. 5.00% →
5-Year CD 4.34% 4.61% →
30-Year Mortgage N.A. 0.00% →
15-Year Mortgage N.A. 0.00% →
HELOC N.A. 0.99% →

2024 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 $851.81 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 $851.81 million
Loans $724.70 million
Deposits $771.82 million
Capital $67.04 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 - February 23, 2024

Your Current Location: Virginia, VA 20146

CD Rates (Share Certificate Rates) APY MIN MAX
Online CD
4.97% $500 - Learn More
1-Year CD
5.02% $500 - Learn More
18-Month CD
5.02% $500 - Learn More
3-Year CD
4.50% $500 - Learn More
4-Year CD
4.50% $500 - Learn More
Online CD
4.34% $500 - Learn More

Loan Rates - February 23, 2024

Your Current Location: Virginia, VA 20146

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 - Virginia 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Points Fees Monthly
Learn More
NMLS ID: Not a Lender
Learn More
Neighbors Bank
NMLS ID: 491986
Learn More
NMLS ID: Not a Lender
Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
7.490 %
$0 Learn More
More Info

Note to Department of Commerce
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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:

Department Of Commerce Locations

Climate 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.

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
5.59% 5.37

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 September 30, 2023, Department Of Commerce had $3,947,561 in non-current loans and $0 in owned assets. To cover these potential losses it had $67,036,533 in net worth and $3,535,109 in loans loss reserves. That gives it a Texas Ratio of 5.59%.

Net Worth
Department Of Commerce U.S. Average
7.87% 13.46%

Department Of Commerce FCU has a net worth of 7.87% versus the BestCashCow average of 13.46. 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

  • 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.

  • 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.

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