Lafayette Federal Credit Union
Headquarters
2701 Tower Oaks Blvd
Rockville, MD 20852
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2024 Overview
General Credit Union Information
Lafayette is an NCUA insured institution located in Rockville, MD. It was founded in 1935 and has approximately $2001.56 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 | $2,001.56 million |
| Loans | $1,581.59 million |
| Deposits | $1,715.42 million |
| Capital | $282.33 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 - November 4, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Preferred Savings
|
4.58% | $20,000 | - |
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|
| Premier Savings
|
4.99% | $250,000 | $99,999,999 |
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|
|
Money Market
|
0.05% | $2,500 | $24,999 |
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|
|
Money Market
|
0.15% | $25,000 | $149,999 |
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|
|
Money Market
|
0.30% | $150,000 | - |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 7 Month
|
4.37% | $500 | - |
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|
| 1 Year
|
5.04% | $500 | - |
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|
| 1 Year Jumbo
|
4.32% | $100,000 | - |
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|
| 2 Year
|
4.78% | $500 | - |
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|
| 2 Year Jumbo
|
4.11% | $100,000 | - |
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|
| 3 Year
|
4.52% | $500 | - |
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|
| 3 Year Jumbo
|
3.91% | $100,000 | - |
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|
| 4 Year
|
4.42% | $500 | - |
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|
| 4 Year Jumbo
|
3.91% | $100,000 | - |
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|
| 5 Year
|
4.32% | $500 | - |
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|
| 5 Year Jumbo
|
3.75% | $100,000 | - |
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|
Loan Rates - November 4, 2024
Your Current Location: Ohio, OH 43085
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 - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1835285 |
6.380% | 6.250% | 0.88 | $4,400 | $1,971 | Learn More |
NMLS ID: 401822 |
6.818% | 6.625% | 1.00 | $6,400 | $2,049 | Learn More |
NMLS ID: 1025894 |
6.984% | 6.875% | 0.88 | $3,545 | $2,103 | Learn More |
NMLS ID: 3030 |
7.200% | 7.125% | 0.75 | $2,400 | $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 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:
Columbus,Ohio
Lafayette Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 316.13 | A | View Lobby Hours | |
| 320.57 | B | View Lobby Hours | |
| 320.57 | C | View Lobby Hours | |
| 324.17 | D | View Lobby Hours | |
| 325.72 | E | View Lobby Hours | |
| 326.16 | F | View Lobby Hours |
Climate Policy and Initiatives
LAFAYETTE 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
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 |
|---|---|
| 5.21% | 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, Lafayette had $15,612,695 in non-current loans and $96,000 in owned assets. To cover these potential losses it had $282,334,219 in net worth and $19,076,906 in loans loss reserves. That gives it a Texas Ratio of 5.21%.
Net Worth
| Lafayette | U.S. Average |
|---|---|
| 13.86% | 13.93% |
Lafayette FCU has a net worth of 13.86% 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 Lafayette
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