Lafayette Federal Credit Union

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A short history of Lafayette FCU

Since its inception in 1935 the Lafayette Federal Credit Union has been serving its members in the ROCKVILLE, Maryland 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 John Farmakides, the Lafayette FCU has grown its membership to over 20,459 with assets of more than $495,235,096. They have a main office and 9 branch offices. Please see the credit unions website or contact them by phone at (301) 929-7990 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in ROCKVILLE, MD.

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

Charter Number 619
Address 2701 TOWER OAKS BLVD 
State Maryland 
Zip-Code 20852
Phone Number (301) 929-7990
Fax Number () -
Email Address:
CEO/President John Farmakides
Members 20,459 
Full-Time Employees 87 
Part-Time Employees
Number of Branch Offices
Total Assets 495,235,096 

Compare Lafayette Federal Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Fedfinancial CU Lockwood 11233 Lockwood Dr 20901 (301) 881-5626 No 0.68
Capital Area Realtors CU main office 107 W Edmonston Dr 20849 (240) 314-0734 No 1.61
National Institutes Of Health CU Branch 5215 Loughboro Rd NW 20016 (301) 296-0627 No 2.65
Signal Financial CU Columbia Heights 1400 Irving St NW Ste 115 20010 (301) 933-9100 No 3.47
Capital Area Taiwanese CU MD-Boyds 14403 Harvest Moon Rd 20841 (301) 916-1008 No 4.42

Lafayette Federal Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Lafayette 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 8.00 2.50 3.50 4.00 5.50
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 91 84 147 138 289
Rank Among All Maryland Credit Unions 3 15 26 18 28

Lafayette Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.03 0.10 0.05 1.40 0.75
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 130 129 142 103 192
Rank Among All Maryland Credit Unions 11 19 24 8 14
Lafayette Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 8.0003,2087,815,192
All Other Unsecured Loans/Lines of Credit 14.0002,2879,939,783
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.5002354,857,716
Used Vehicle Loans 3.5004,27813,316,144
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.000901293,340,907
Total Other Real Estate Loans/Lines of Credit 5.50081058,465,324
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 8.0001,39637,414,326
TOTAL LOANS & LEASES 13,115425,149,392

Lafayette Federal Credit Union Real Estate Loans and Lines of Credit


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 21657,929,490247,858,685
    b. 15 Years or less 9017,284,587132,789,000
    a. > 15 years 135,359,26200
    b. 15 Years or less 16487,016,74953,723,780
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 18640,875,165136,824,400
Adjustable Rate > 1 yr 23284,875,654114,625,875


Closed-End Fixed Rate 25114,557,4143285,000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 55943,907,910283,313,000
Open-End Fixed Rate 0000
TOTALS 1,711351,806,2319729,419,740


Interest Only & Payment Option 1st Mortgage Loans 9350,457,8503,257,840
Interest Only & Payment Option Other RE/LOC Loans 000
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Lafayette Federal Credit Union Member Offerings
First Time Homebuyer Program Yes
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
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