Fedchoice Federal Credit Union
10001 Willowdale Road
Lanham, MD 20706
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2022 Overview
General Credit Union Information
Fedchoice is an NCUA insured institution located in Lanham, MD. It was founded in 1935 and has approximately $437.22 millions in assets.
Who is eligible for membership?
All federal civilian employees, annuitants and their families in the Washington, D.C., Baltimore and Philadelphia metropolitan areas, including:
Immediate Family: Spouse, child (step/adopted), sibling (step/adopted), parent, grandparent, grandchild
Household member : Persons living in the same residence, maintaining a single economic unit
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 150 |
| Date Established | 1935 |
| Assets | $437.22 million |
| Loans | $253.95 million |
| Deposits | $395.04 million |
| Capital | $35.16 million |
Field of Membership Restrictions
Deposit Rates - June 27, 2022
Your Current Location: Virginia, VA 20146
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.10% | $2,500 | $4,999 |
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Money Market
|
0.05% | $2,500 | $2,999 |
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|
|
Money Market
|
0.05% | $10,000 | $14,999 |
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|
Money Market
|
0.05% | $25,000 | $29,999 |
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|
|
Premium Money Market Account
|
0.30% | $10,000 | $14,999 |
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|
Premium Money Market Account
|
0.30% | $25,000 | $34,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.30% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.35% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.60% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.65% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
0.65% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.70% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.80% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.85% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.95% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
1.00% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
0.95% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
1.00% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.25% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.30% | $100,000 | $199,999 |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.05% | $2,500 | $3,499 | Learn More |
Loan Rates - June 27, 2022
Your Current Location: Virginia, VA 20146
There are currently no loan rates available for FEDCHOICE
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 2022
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 330511 |
5.578% | 5.500% | 0.88 | $2,152 | $1,420 | Learn More |
NMLS ID: 3030 |
6.129% | 5.990% | 1.00 | $3,750 | $1,498 | Learn More |
NMLS ID: 3030 |
6.266% | 6.125% | 1.00 | $3,750 | $1,520 | Learn More |
NMLS ID: 2890 License#: MC-3098 |
5.483% | 5.375% | 0.75 | $3,012 | $1,400 | Learn More |
Note to FEDCHOICE
To upload and update your bank's rates please register.
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Branches
Below are Fedchoice 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
Climate Initiatives
FEDCHOICE is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
Financial Details
Fedchoice Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Fedchoice. 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
| Fedchoice | U.S. Average |
|---|---|
| 2.28% | 4.85 |
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 December 31, 2021, Fedchoice had $940,439 in non-current loans and $0 in owned assets. To cover these potential losses it had $35,161,510 in net worth and $6,126,788 in loans loss reserves. That gives it a Texas Ratio of 2.28%.
Net Worth
| Fedchoice | U.S. Average |
|---|---|
| 8.04% | 12.36% |
Fedchoice FCU has a net worth of 8.04% versus the BestCashCow average of 12.36. 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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