LIBRARY OF CONGRESS

PO Box 23766
Washington, DC 20026

 

2019 Overview

General Credit Union Information

NCUA Insured Yes
Charter Number # # 266
Date Established 1935
Assets $247.99 million
Loans $145.76 million
Deposits $207.31 million
Capital $38.43 million

Library Of Congress is an NCUA insured institution located in Washington, DC. It was founded in 1935 and has approximately $247.99 millions in assets.

Who can join?

You can join if you are an employee of the Library of Congress, Library of Congress volunteers, researchers and scholars. LCFCU also serves employees of companies who choose to make membership in Library of Congress Federal Credit Union an employee benefit and retirees, pensioners or annuitants of participating employers.

Family members of eligible people may also join. The eligible employee does not have to be a member for family members to join. Family members include:
- Spouse
- Children
- Parents
- Grandparents
- Grandchildren
- Step Parents
- Step Children
- Step Siblings
- Relationships Relating to Adoption
- Surviving spouses of persons who died while within the field of membership

Other family members and people maintaining a single economic unit with eligible employees may also join, they include:
- Domestic partners
- Roommates
- Other family members
- Legal guardian relationships

Current Library of Congress FCU Major Select Employee Groups Whose Employees can join the Credit Union:
1. Acacia Mutual Life Insurance Company:
a. Home office employees and branch office clerical employees of Acacia Mutual Life Insurance Company, its affiliates and wholly-owned subsidiaries.
b. Employees of Acacia Mutual Life Insurance Company who work or are paid from Washington, D.C.
c. Members of record of the Acacia Federal Credit Union as of July 12, 1995
2. Washington Men's Camerata members and employees in Washington, D.C. who qualify for membership in accordance with its bylaws in effect as of October 1999
3. Employees of the following companies who meet the geographic criteria listed:
o Canteen Corporation of Congress employees who work in Washington, D.C.
o Little Scholars Child Development Center employees who work in Washington, D.C.
o M.C. Dean, Inc. employees who work in Chantilly, Virginia or Washington, D.C.
o TRI-ARK employees who work in Washington, D.C.
o Document Systems Incorporated employees who work in Washington, D.C.
o Office of Compliance employees who work in Washington, D.C.
o Surety Association of America employees who work in Washington, D.C.
o Home Care Partners employees who work in or are paid or supervised from Washington, D.C.
o Advance Realty Group, members and employees who work in or are paid from Landover, Maryland
o National Men's Chorus, members and employees who work in or are paid from Washington, D.C.
o Vendivo employees who work in, or are paid or supervised from Fountain Valley, California
o Barton Contracting Co., Inc. employees who work in, or are paid or supervised from Rockville, Maryland
o LAC Group (Library Associates Companies) employees who work in or are paid or supervised from Rockville, Maryland
o Mt. Horeb Baptist Church:
? Mount Horeb Baptist Church members in Washington, D.C.
? Mount Horeb Federal Credit Union members of record on April 12, 2010

Field of Membership Restrictions

Membership is open to employees of the Library of Congress, Library of Congress volunteers, researchers and scholars and immediate family.

Deposit Rates - March 26, 2019

Your Current Location: Virginia, VA 20146

We do not yet have rates for Library Of Congress

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Loan Rates - March 26, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for LIBRARY OF CONGRESS

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

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
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4.490 %
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5.500 %
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Branches

Below are Library Of Congress 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


Library Of Congress Locations


Financial Details

Library Of Congress Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Library Of Congress. 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
Library Of Congress U.S. Average
2.50% 6.94

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 31, 2018, Library Of Congress had $781,015 in non-current loans and $203,976 in owned assets. To cover these potential losses it had $38,427,327 in net worth and $1,026,194 in loans loss reserves. That gives it a Texas Ratio of 2.50%.

Net Worth
Library Of Congress U.S. Average
15.49% 13.08%

Library Of Congress FCU has a net worth of 15.49% versus the BestCashCow average of 13.08. 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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