Lafayette Federal Credit Union

Headquarters

2701 Tower Oaks Blvd
Rockville, MD 20852
See all branch locations →

Notable Rates APY Vs.Others
Savings 4.99% 5.55% →
1-Year CD 5.09% 5.41% →
2-Year CD 4.84% 5.25% →
5-Year CD 4.37% 4.55% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Credit Union Information

Lafayette is an NCUA insured institution located in Rockville, MD. It was founded in 1935 and has approximately $1955.58 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 / Federally Chartered
Charter Number # # 619
Date Established 1935
Assets $1,955.58 million
Loans $1,563.40 million
Deposits $1,636.17 million
Capital $280.37 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 - May 18, 2024

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Preferred Savings
4.58% $20,000 - Learn More
Premier Savings
4.99% $250,000 $99,999,999 Learn More
Money Market
0.05% $2,500 $24,999 Learn More
Money Market
0.15% $25,000 $149,999 Learn More
Money Market
0.30% $150,000 - Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
7 Month
4.37% $500 - Learn More
1 Year
5.04% $500 - Learn More
1 Year Jumbo
5.09% $100,000 - Learn More
2 Year
4.78% $500 - Learn More
2 Year Jumbo
4.84% $100,000 - Learn More
3 Year
4.52% $500 - Learn More
3 Year Jumbo
4.58% $100,000 - Learn More
4 Year
4.42% $500 - Learn More
4 Year Jumbo
4.58% $100,000 - Learn More
5 Year
4.32% $500 - Learn More
5 Year Jumbo
4.37% $100,000 - Learn More

Loan Rates - May 18, 2024

Your Current Location: Virginia, VA 20146

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 - Virginia 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.967% 6.875% 0.75 $2,988 $2,103 Learn More
Rocket Mortgage
NMLS ID: 3030
7.451% 7.375% 0.75 $2,400 $2,211 Learn More
CrossCountry Mortgage
NMLS ID: 3029
Learn More
Neighbors Bank
NMLS ID: 491986
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 Lafayette
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Branches

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:
Ashburn,Virginia


Lafayette Locations



Climate Policy and Initiatives

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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
14.32% 6.97

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, 2023, Lafayette had $42,777,034 in non-current loans and $96,000 in owned assets. To cover these potential losses it had $280,372,751 in net worth and $19,076,906 in loans loss reserves. That gives it a Texas Ratio of 14.32%.

Net Worth
Lafayette U.S. Average
14.08% 13.62%

Lafayette FCU has a net worth of 14.08% versus the BestCashCow average of 13.62. 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 Lafayette

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