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Fedchoice Credit Union Share
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Overview Share
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Fedchoice Credit Union is a federal credit union based in Lanham, Maryland. It has been opened since 1935, for 87 years.

With around $372,900,000 in assets, Fedchoice Credit Union is considered to be a very large credit union. It has 6 branches and 5 ATM locations.

About Share
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Address 10001 Willowdale Road
Lanham, Maryland 20706
Website http://www.fedchoice.org
Phone (301) 699-6100
CEO David E. Bunch, Jr
President of the Board Marvin Dessler
Services Offered
Score Card Share
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87 years
Years in business
Opened in 1935
Well Capitalized
Net worth classification
Source: NCUA
24,531 members
Membership type: Federal, State, Local Government
Above average number of members
265:1
Credit union member to staff ratio
265 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
$372,902,947
Total assets
Above average
6 branches
Compared with an average of 4 nationally and 3 in Maryland
Above average number of branches
0.10%
Savings interest rate
Compared to 0.3% nationally
8.75%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches Share
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6 branches
Compared with an average of 4 nationally and 3 in Maryland
Above average number of branches
Fedchoice Credit Union Branch Locations

Fedchoice Credit Union: National Financial Service Center
1111 Constitution Avenue Rm 1716
Washington, District of Columbia 20224
ATM Available
Fedchoice Credit Union: Atf Financial Service Center
99 New York Avenue NE
Washington, District of Columbia 20002
ATM Available
Fedchoice Credit Union: New Carrollton Financial Service Center
5000 Ellin Road Rm C1-100
Lanham, Maryland 20706
ATM Available
Fedchoice Federal Credit Union
10001 Willowdale Road
Lanham, Maryland 20706
ATM Available
Members Share
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24,531 members
Membership type: Federal, State, Local Government
Above average number of members

With 24,531 members, the Fedchoice Credit Union is considered to be a very large credit union. It is among the largest of credit unions and is larger than 84% of credit unions.

Fees Share
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$87
Average fee per member
The average fee per member at the Fedchoice Credit Union is $87, which is high compared to most credit unions. This rate is higher than 78% of all credit unions.
Fees are higher than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Fedchoice Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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265:1
Credit union member to staff ratio
265 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
92 staff members
FTE (full-time equivalent)
11% of employees are part-time
87 full-time, 11 part-time

Fedchoice Credit Union has 87 full-time staff members and 11 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 89% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Fedchoice Credit Union has around 265 members per staff, a very low ratio compared to other credit unions. This is a very well staffed credit union.

Assets Share
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$372,902,947
Total assets
Above average
Net worth Share
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
8.6%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases Share
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$11,454
Average loan and lease size
Loan & lease sizes are bigger than average. They are bigger than at 61% of credit unions.

Fedchoice Credit Union holds a total of $208,390,000 in loans and leases, which is about $11,454 per member on average.

Savings interest rate Share
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0.10%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Fedchoice Credit Union pays 0.10%.

Loan rates Share
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8.75%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
15.98%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
3.10%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates Share
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1.99%
New car loan rate
Compared to 4.0% nationally
1.99%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates Share
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4.75%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.13%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
5.25%
Other real estate loan rates
Compared to 0.9% nationally

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Similar Credit Unions to Fedchoice Credit Union

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Fedchoice Credit Union: Atf Financial Service Center
Credit Union Branch: 99 New York Avenue NE
Washington, District of Columbia 20002 ATM Available
Fedchoice Credit Union: National Financial Service Center ATM
Credit Union ATM: 1111 Constitution Avenue Rm 1716
Washington, District of Columbia 20224
Fedchoice Credit Union: Atf Financial Service Center ATM
Credit Union ATM: 99 New York Avenue NE
Washington, District of Columbia 20002
Fedchoice Credit Union: National Financial Service Center
Credit Union Branch: 1111 Constitution Avenue Rm 1716
Washington, District of Columbia 20224 ATM Available
Fedchoice Credit Union: New Carrollton Financial Service Center ATM
Credit Union ATM: 5000 Ellin Road Rm C1-100
Lanham, Maryland 20706
Fedchoice Credit Union: Philadelpia Financial Service Center
Credit Union Branch: 2970 Market Street
Philadelphia, Pennsylvania 19104 ATM Available
Fedchoice Credit Union: Philadelpia Financial Service Center ATM
Credit Union ATM: 2970 Market Street
Philadelphia, Pennsylvania 19104
Fedchoice Credit Union: Brentwood Financial Service Center
Credit Union Branch: 900 Brentwood Road NE
Washington, District of Columbia 20066 No ATM
Fedchoice Credit Union: New Carrollton Financial Service Center
Credit Union Branch: 5000 Ellin Road Rm C1-100
Lanham, Maryland 20706 ATM Available
Fedchoice Federal Credit Union
Credit Union Branch: 10001 Willowdale Road
Lanham, Maryland 20706 ATM Available