2020 Overview
General Credit Union Information
Fedchoice is an NCUA insured institution located in Lanham, MD. It was founded in 1935 and has approximately $359.75 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 |
| Charter Number # | # 150 |
| Date Established | 1935 |
| Assets | $359.75 million |
| Loans | $208.45 million |
| Deposits | $318.81 million |
| Capital | $36.25 million |
Field of Membership Restrictions
Deposit Rates - October 26, 2020
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 - October 26, 2020
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 2020
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 3030 |
3.746% | 3.625% | 1.00 | $3,750 | $1,141 | Learn More |
|
NMLS ID: 3030 |
3.746% | 3.625% | 1.00 | $3,750 | $1,141 | Learn More |
NMLS ID: 2890 License#: MC-3098 |
2.575% | 2.500% | 1.00 | $2,470 | $988 | Learn More |
Featured - Virginia Home Equity Line Of Credit Rates 2020
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loans See Table |
2.240 %
|
$0 |
Learn More
More Info |
Note to FEDCHOICE
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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
Fedchoice Locations
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 |
|---|---|
| 2.06% | 6.71 |
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 30, 2020, Fedchoice had $929,010 in non-current loans and $0 in owned assets. To cover these potential losses it had $36,248,138 in net worth and $8,853,710 in loans loss reserves. That gives it a Texas Ratio of 2.06%.
Net Worth
| Fedchoice | U.S. Average |
|---|---|
| 10.07% | 13.61% |
Fedchoice FCU has a net worth of 10.07% versus the BestCashCow average of 13.61. 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 Fedchoice
Branches and Savings
What is Fedchoice?
A federal credit union, registered with the NCUA under certificate #150.
Learn more about credit unions here.
Is Fedchoice FDIC insured?
No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.
Who can join Fedchoice?
Please see Field of Membership information above for information on who is eligible to join.
How big is Fedchoice?
Fedchoice has total capital of $36.25 million. Full information on Fedchoice's financial position is located above.
Who owns Fedchoice?
Credit Unions are owned by their members.
Where are Fedchoice branches located?
See branch locations nearby.
Are Fedchoice ATMs Open 24/7?
Do Fedchoice ATMs accept cash deposits?
Can Fedchoice customers use other ATMs? What is the charge for withdrawing money from another ATM?
Does Fedchoice have a mobile app?
Does Fedchoice have mobile deposit?
Does Fedchoice have quick pay?
How can Fedchoice transfer money to other banks or credit unions?
Does Fedchoice report to credit bureaus?
Does Fedchoice use Chexsystems?
Does Fedchoice use Equifax?
What is Fedchoice's toll free phone number?
What is Fedchoice's ACH Routing Number?
What is Fedchoice's SWIFT code?
Where can I find Fedchoice's wire transfer form?
What is the Fedchoice address for deposits?
What Products Does Fedchoice Offer
Does Fedchoice offer home equity lines of credit and home equity loans?
Compare home equity lines of credit rates here.
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