Wright Patman Congressional
P O Box 23267
Washington, DC 20026
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2021 Overview
General Credit Union Information
Wright Patman Congressional is an NCUA insured institution located in Washington, DC. It was founded in 1953 and has approximately $1100.98 millions in assets.
Who Can Join?
Congressional Federal offers membership to employees of the U.S. House of Representatives, as well as local companies, associations, organizations and their immediate family members. If you work for one of their membership groups, you are eligible for lifetime membership with Congressional Federal.
Household members and immediate family of a member who has opened his/her account are also eligible.
| NCUA Insured | Yes |
| Charter Number # | # 8797 |
| Date Established | 1953 |
| Assets | $1,100.98 million |
| Loans | $640.85 million |
| Deposits | $992.83 million |
| Capital | $97.63 million |
Field of Membership Restrictions
Deposit Rates - January 25, 2021
Your Current Location: Virginia, VA 20146
We do not yet have rates for Wright Patman Congressional
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Loan Rates - January 25, 2021
Your Current Location: Virginia, VA 20146
There are currently no loan rates available for WRIGHT PATMAN CONGRESSIONAL
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 2021
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 2890 License#: MC-3098 |
2.576% | 2.500% | 1.00 | $2,500 | $988 | Learn More |
Featured - Virginia Home Equity Line Of Credit Rates 2021
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loans See Table |
2.240 %
|
$0 |
Learn More
More Info |
Note to WRIGHT PATMAN CONGRESSIONAL
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Branches
Below are Wright Patman Congressional 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
Financial Details
Wright Patman Congressional Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Wright Patman Congressional. 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
| Wright Patman Congressional | U.S. Average |
|---|---|
| 1.34% | 4.42 |
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, 2020, Wright Patman Congressional had $1,342,074 in non-current loans and $13,470 in owned assets. To cover these potential losses it had $97,632,440 in net worth and $3,529,898 in loans loss reserves. That gives it a Texas Ratio of 1.34%.
Net Worth
| Wright Patman Congressional | U.S. Average |
|---|---|
| 8.86% | 12.91% |
Wright Patman Congressional FCU has a net worth of 8.86% versus the BestCashCow average of 12.91. 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 Wright Patman Congressional
Branches and Savings
What is Wright Patman Congressional?
A credit union, registered with the NCUA under certificate #8797.
Learn more about credit unions here.
Is Wright Patman Congressional 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 Wright Patman Congressional?
Please see Field of Membership information above for information on who is eligible to join.
How big is Wright Patman Congressional?
Wright Patman Congressional has total capital of $97.63 million. Full information on Wright Patman Congressional's financial position is located above.
Who owns Wright Patman Congressional?
Credit Unions are owned by their members.
Where are Wright Patman Congressional branches located?
See branch locations nearby.
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