Fedchoice Federal Credit Union
Headquarters
10001 Willowdale Road
Lanham, MD 20706
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2024 Overview
General Credit Union Information
Fedchoice is an NCUA insured institution located in Lanham, MD. It was founded in 1935 and has approximately $430.9 millions in assets.
Who is eligible for membership?
All federal civilian employees, annuitants and their families in the Washington, D.C., Baltimore and Philadelphia metropolitan areas, including:
Immediate Family: Spouse, child (step/adopted), sibling (step/adopted), parent, grandparent, grandchild
Household member : Persons living in the same residence, maintaining a single economic unit
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 150 |
| Date Established | 1935 |
| Assets | $430.90 million |
| Loans | $277.80 million |
| Deposits | $391.64 million |
| Capital | $40.96 million |
Field of Membership Restrictions
Membership is open to federal civilian employees, annuitants and their families in the Washington, D.C., Baltimore and Philadelphia metropolitan areas.
Deposit Rates - November 17, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.10% | $2,500 | $4,999 |
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|
|
Money Market
|
0.05% | $2,500 | $2,999 |
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|
|
Money Market
|
0.05% | $10,000 | $14,999 |
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|
|
Money Market
|
0.05% | $25,000 | $29,999 |
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|
|
Premium Money Market Account
|
0.30% | $10,000 | $14,999 |
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|
|
Premium Money Market Account
|
0.30% | $25,000 | $34,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.30% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.35% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.60% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.65% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
0.65% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.70% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.80% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.85% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.95% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
1.00% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
0.95% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
1.00% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.25% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.30% | $100,000 | $199,999 |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.05% | $2,500 | $3,499 | Learn More |
Loan Rates - November 17, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Fedchoice
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: 1835285 |
6.494% | 6.375% | 0.75 | $4,000 | $1,997 | Learn More |
NMLS ID: 1025894 |
6.868% | 6.750% | 1.00 | $3,884 | $2,076 | Learn More |
NMLS ID: 1907 |
7.181% | 7.125% | 0.63 | $1,802 | $2,156 | Learn More |
NMLS ID: 3030 |
7.225% | 7.125% | 1.00 | $3,200 | $2,156 | 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 Fedchoice
To upload and update your bank's rates please register.
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Branches
Below are Fedchoice 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
Fedchoice Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 325.01 | A | View Lobby Hours | |
| 325.92 | B | View Lobby Hours | |
| 332.10 | C | View Lobby Hours | |
| 414.26 | D | View Lobby Hours |
Climate Policy and Initiatives
FEDCHOICE 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
Fedchoice Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Fedchoice. 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
| Fedchoice | U.S. Average |
|---|---|
| 4.27% | 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, Fedchoice had $1,747,627 in non-current loans and $126,358 in owned assets. To cover these potential losses it had $40,958,387 in net worth and $2,968,798 in loans loss reserves. That gives it a Texas Ratio of 4.27%.
Net Worth
| Fedchoice | U.S. Average |
|---|---|
| 9.5% | 13.93% |
Fedchoice FCU has a net worth of 9.5% 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 Fedchoice
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