Democracy Federal Credit Union
Headquarters
P O Box 25516
Alexandria, VA 22313
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2024 Overview
General Credit Union Information
Democracy is an NCUA insured institution located in Alexandria, VA. It was founded in 1936 and has approximately $187.35 millions in assets.
Who can join?
If you live, work, worship, attend school, or regularly conduct business in the areas below, you are eligible to join HEWFCU:
VIRGINIA - Most areas of the City of Alexandria, Arlington and Fairfax Counties
MARYLAND - Most areas of Prince George’s and Montgomery Counties
WASHINGTON, D.C. - All areas of the City
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 1407 |
| Date Established | 1936 |
| Assets | $187.35 million |
| Loans | $144.67 million |
| Deposits | $159.55 million |
| Capital | $16.12 million |
Field of Membership Restrictions
Membership is open to those who live, work, worship, attend school, or regularly conduct business in most areas of the City of Alexandria, Arlington and Fairfax Counties, Virginia; Most areas of Prince George’s and Montgomery Counties in Maryland and all areas of the city of Washington D.C.
Deposit Rates - November 17, 2024
Your Current Location: Ohio, OH 43085
We do not yet have rates for Democracy
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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Loan Rates - November 17, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Democracy
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1025894 |
6.868% | 6.750% | 1.00 | $3,884 | $2,076 | Learn More |
NMLS ID: 3030 |
7.225% | 7.125% | 1.00 | $3,200 | $2,156 | Learn More |
NMLS ID: 1907 |
Learn More | |||||
NMLS ID: 491986 |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR 7.490 % After Intro: 7.490 % |
$0 |
Learn More
More Info |
Note to Democracy
To upload and update your bank's rates please register.
It is free to register and add rates.
Branches
Below are Democracy 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:
Columbus,Ohio
Democracy Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 321.19 | A | View Lobby Hours | |
| 325.30 | B | View Lobby Hours | |
| 325.75 | C | View Lobby Hours | |
| 331.67 | D | View Lobby Hours | |
| 416.30 | E | View Lobby Hours |
Climate Policy and Initiatives
DEMOCRACY is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Democracy Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Democracy. 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
| Democracy | U.S. Average |
|---|---|
| 9.81% | 5.83 |
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 June 30, 2024, Democracy had $1,518,300 in non-current loans and $151,459 in owned assets. To cover these potential losses it had $16,122,863 in net worth and $892,552 in loans loss reserves. That gives it a Texas Ratio of 9.81%.
Net Worth
| Democracy | U.S. Average |
|---|---|
| 8.58% | 13.93% |
Democracy FCU has a net worth of 8.58% versus the BestCashCow average of 13.93. 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 Democracy
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