Fedchoice Federal Credit Union
10001 Willowdale Road
Lanham, MD 20706
See all branch locations →
2023 Overview
General Credit Union Information
Fedchoice is an NCUA insured institution located in Lanham, MD. It was founded in 1935 and has approximately $430.26 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 | $430.26 million |
| Loans | $265.49 million |
| Deposits | $393.44 million |
| Capital | $36.81 million |
Field of Membership Restrictions
Deposit Rates - March 25, 2023
Your Current Location: Virginia, VA 20146
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.10% | $2,500 | $4,999 |
Learn More
|
|
Money Market
|
0.05% | $2,500 | $2,999 |
Learn More
|
|
Money Market
|
0.05% | $10,000 | $14,999 |
Learn More
|
|
Money Market
|
0.05% | $25,000 | $29,999 |
Learn More
|
|
Premium Money Market Account
|
0.30% | $10,000 | $14,999 |
Learn More
|
|
Premium Money Market Account
|
0.30% | $25,000 | $34,999 |
Learn More
|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.30% | $10,000 | $14,999 |
Learn More
|
| 6 Mo CD
|
0.35% | $100,000 | $199,999 |
Learn More
|
| 12 Mo CD
|
0.60% | $10,000 | $14,999 |
Learn More
|
| 12 Mo CD
|
0.65% | $100,000 | $199,999 |
Learn More
|
| 18 Mo CD
|
0.65% | $10,000 | $14,999 |
Learn More
|
| 18 Mo CD
|
0.70% | $100,000 | $199,999 |
Learn More
|
| 24 Mo CD
|
0.80% | $10,000 | $14,999 |
Learn More
|
| 24 Mo CD
|
0.85% | $100,000 | $199,999 |
Learn More
|
| 36 Mo CD
|
0.95% | $10,000 | $14,999 |
Learn More
|
| 36 Mo CD
|
1.00% | $100,000 | $199,999 |
Learn More
|
| 48 Mo CD
|
0.95% | $10,000 | $14,999 |
Learn More
|
| 48 Mo CD
|
1.00% | $100,000 | $199,999 |
Learn More
|
| 60 Mo CD
|
1.25% | $10,000 | $14,999 |
Learn More
|
| 60 Mo CD
|
1.30% | $100,000 | $199,999 |
Learn More
|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.05% | $2,500 | $3,499 | Learn More |
Loan Rates - March 25, 2023
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 2023
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: Not lender |
Learn More |
Featured - Virginia Home Equity Line Of Credit Rates 2023
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
6.740 %
|
$0 |
Learn More
More Info |
Note to Fedchoice
To upload and update your bank's rates please register.
It is free to register and add rates.
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 |
|---|---|
| 2.78% | 4.63 |
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, 2022, Fedchoice had $931,305 in non-current loans and $171,471 in owned assets. To cover these potential losses it had $36,806,458 in net worth and $2,919,780 in loans loss reserves. That gives it a Texas Ratio of 2.78%.
Net Worth
| Fedchoice | U.S. Average |
|---|---|
| 8.55% | 12.52% |
Fedchoice FCU has a net worth of 8.55% versus the BestCashCow average of 12.52. 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 Fedchoice
There are currently no comments for FEDCHOICE. Be the first to share your experience. Please provide comments that will help others.
Add Your Review