Department Of Commerce Federal Credit Union

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A short history of Department Of Commerce FCU

Since its inception in 1964 the Department Of Commerce Federal Credit Union has been serving its members in the WASHINGTON, District Of Columbia area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Evan Clark, the Department Of Commerce FCU has grown its membership to over 20,121 with assets of more than $439,145,183. They have a main office and 3 branch offices. Please see the credit unions website or contact them by phone at (202) 808-3600 or email them at service@docfcu.org to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in WASHINGTON, DC.

General Information For Department Of Commerce FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 16410
Address P.O. BOX 14720 
City WASHINGTON 
State District Of Columbia 
Zip-Code 20044
Phone Number (202) 808-3600
Fax Number (202) 482-4317
Email Address: service@docfcu.org
CEO/President Evan Clark
Members 20,121 
Full-Time Employees 57 
Part-Time Employees
Number of Branch Offices
Total Assets 439,145,183 
Website http://www.docfcu.org 

Compare Department Of Commerce Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Treasury Department CU RRB 1300 PENN AVE NW Rm C-040 20038 (202) 289-1950 No 0.31
Department Of The Interior CU VA Branch 12201 Sunrise Valley Dr MS 700 20192 (703) 648-7544 No 0.33
O.a.s. Staff CU OAS Staff FCU 1889 F St NW 20006 (202) 458-3834 No 0.36
Advantage Financial CU 1319 F ST NW 1319 F St NW Ste 500 20004 (202) 737-6969 No 0.37
Bank Fund Staff CU IFC BRANCH 2121 Pennsylvania Ave NW 20006 (202) 212-6400 No 0.45

Department Of Commerce Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Department Of Commerce Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 9.69 3.82 4.31 3.88 4.31
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 220 254 240 121 140
Rank Among All District Of Columbia Credit Unions 8 12 14 12 6

Department Of Commerce Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.10 0.69 1.82 1.82
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 129 37 56 64
Rank Among All District Of Columbia Credit Unions N/A 11 2 1 1
Department Of Commerce Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 9.6906,15816,281,402
All Other Unsecured Loans/Lines of Credit 12.9305,32819,177,502
Short-Term, Small Amount Loans (STS) (Federal CU Only) 28.0002832,883
Non-Federally Guaranteed Student Loans 8.500521,386
New Vehicle Loans 3.8203546,962,173
Used Vehicle Loans 4.3101,47317,941,452
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.880676166,493,726
Total Other Real Estate Loans/Lines of Credit 4.31059018,563,949
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 5.40067503,182
TOTAL LOANS & LEASES 14,679245,977,655

Department Of Commerce Federal Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 36997,936,3083914,578,164
    b. 15 Years or less 14024,237,068194,401,100
Balloon/Hybrid
    a. > 15 years 9423,806,71500
    b. 15 Years or less 7220,166,3373877,000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 1347,29800
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 813,095,42712664,900
Closed-End Adjustable Rate 50915,468,52219794,916
Open-End Adjustable Rate 0000
Open-End Fixed Rate 0000
TOTALS 1,266185,057,6759221,316,080

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 562,417,1230
Interest Only & Payment Option Other RE/LOC Loans 000
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Department Of Commerce Federal Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans Yes
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes