Rockville, MD 20852
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Notable Rates APY Vs.Others
Savings N.A. 0.91% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Credit Union Information

Lafayette is an NCUA insured institution located in Rockville, MD. It was founded in 1935 and has approximately $718.85 millions in assets.

Who can join?

You may be eligible to open an account at Lafayette FCU if you:

• are employed by an agency or company within LFCU's approved field of membership
• live or work in the Potomac, MD. area
• live, work, worship or attend school in Washington, D.C.
• are an immediate family member of a current LFCU member
• live in Maryland, Washington, D.C. or Virginia and are an existing member or become a member of the American Consumer Council (ACC)

NCUA Insured Yes
Charter Number # # 619
Date Established 1935
Assets $718.85 million
Loans $652.18 million
Deposits $594.28 million
Capital $58.00 million

Field of Membership Restrictions

Membership is open to anyone living in Maryland, Washington, D.C. or Virginia through joining the American Consumer Council (can join through the credit union's online application). Membership is also open to those who live or work in the Potomac, MD. area; live, work, worship or attend school in Washington, D.C. or employed by an agency or company in the approved field of membership.

Deposit Rates - October 31, 2020

Your Current Location: Washington, WA 98109

We do not yet have rates for Lafayette

We're working to get deposit rates for every credit union in the world. Please bare with us until we are able to get rates for this credit union.

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Note to Lafayette
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Loan Rates - October 31, 2020

Your Current Location: Washington, WA 98109

There are currently no loan rates available for LAFAYETTE

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Washington 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Learn More
First Internet Bank
NMLS ID: 424182
2.562% 2.500% 0.88 $2,040 $988 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
NMLS ID: 2890
License#: 520-CL-25944
2.558% 2.500% 0.75 $1,908 $988 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

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Below are Lafayette 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:

Lafayette Locations

Financial Details

Lafayette Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Lafayette. 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
Lafayette U.S. Average
22.02% 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, Lafayette had $13,321,242 in non-current loans and $222,586 in owned assets. To cover these potential losses it had $58,002,766 in net worth and $3,501,986 in loans loss reserves. That gives it a Texas Ratio of 22.02%.

Net Worth
Lafayette U.S. Average
8.06% 13.61%

Lafayette FCU has a net worth of 8.06% 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 Lafayette

Branches and Savings

What is Lafayette?

A federal credit union, registered with the NCUA under certificate #619.
Learn more about credit unions here.

Is Lafayette 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 Lafayette?

Please see Field of Membership information above for information on who is eligible to join.

What are Lafayette's share account and share certificate rates?

Lafayette'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 Lafayette?

Lafayette has total capital of $58.00 million. Full information on Lafayette's financial position is located above.

Who owns Lafayette?

Credit Unions are owned by their members.

Where are Lafayette branches located?

See branch locations nearby.

Are Lafayette ATMs Open 24/7?

Do Lafayette ATMs accept cash deposits?

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

Does Lafayette have a mobile app?

Does Lafayette have mobile deposit?

Does Lafayette have quick pay?

How can Lafayette transfer money to other banks or credit unions?

Does Lafayette report to credit bureaus?

Does Lafayette use Chexsystems?

Does Lafayette use Equifax?

What is Lafayette's toll free phone number?

What is Lafayette's ACH Routing Number?

What is Lafayette's SWIFT code?

Where can I find Lafayette's wire transfer form?

What is the Lafayette address for deposits?

What Products Does Lafayette Offer

Does Lafayette offer mortgages?

Compare mortgage rates here.

Does Lafayette offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Lafayette offer auto and RV loans?

Compare auto loan rates here.

Does Lafayette offer student loans or personal loans?

Compare personal loan rates here.

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