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State Department Credit Union

Overview
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State Department Credit Union is a federal credit union based in Alexandria, Virginia. It has been opened since 1935, for 85 years.

With around $1,985,430,000 in assets, State Department Credit Union is considered to be a very large credit union. It has 6 branches and 6 ATM locations.

About
Address 1630 King Street
Alexandria, Virginia 22314
Website http://www.sdfcu.org
Phone (703) 706-5000
CEO Jan N. Roche
President of the Board Marlene Schwartz
Services Offered
Map
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Score Card
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85 years
Years in business
Opened in 1935
Well Capitalized
Net worth classification
Source: NCUA
86,030 members
Membership type: Multiple common bond – primary federal, state, local government
Above average number of members
424:1
Credit union member to staff ratio
424 per each FTE employee
Compared to 411:1 nationally
Fewer staff
$1,985,431,360
Total assets
Above average
6 branches
Compared with an average of 4 nationally and 4 in Virginia
Above average number of branches
0.10%
Savings interest rate
Compared to 0.3% nationally
8.99%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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6 branches
Compared with an average of 4 nationally and 4 in Virginia
Above average number of branches
State Department Credit Union Branch Locations

State Department Credit Union: Sdfcu Alexandria Branch
1630 King Street
Alexandria, Virginia 22314
ATM Available
State Department Credit Union: Sdfcu Ft. Mcnair Branch
Building 41
Fort Lesley J. Mcnair
Washington, District of Columbia 20319
ATM Available
State Department Credit Union: Sdfcu Rosslyn Branch
1801 North Lynn Street
Arlington, Virginia 22209
ATM Available
State Department Credit Union: Sdfcu Arlington Branch
3100 Clarendon Boulevard
Arlington, Virginia 22201
ATM Available
State Department Credit Union: Sdfcu State Branch
Room B-641
2201 C. Street Nw,
Washington, District of Columbia 20521
ATM Available
State Department Credit Union: Headquarters
1630 King Street
Alexandria, Virginia 22314
No ATM
State Department Credit Union: Sdfcu Charleston Branch
2009 Dyess Avenue Building F.
Charleston, South Carolina 29405
ATM Available
Members
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86,030 members
Membership type: Multiple common bond – primary federal, state, local government
Above average number of members

With 86,030 members, the State Department Credit Union is considered to be a very large credit union. It is among the largest of credit unions and is larger than 95% of credit unions.

Fees
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$31
Average fee per member
The average fee per member at the State Department Credit Union is $31, which is low compared to most credit unions. This rate is lower than 65% of all credit unions.
Fees are lower 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 State Department Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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424:1
Credit union member to staff ratio
424 per each FTE employee
Compared to 411:1 nationally
Fewer staff
203 staff members
FTE (full-time equivalent)
1% of employees are part-time
202 full-time, 2 part-time

State Department Credit Union has 202 full-time staff members and 2 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 99% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. State Department Credit Union has around 424 members per staff, a higher ratio compared to other credit unions.

Assets
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$1,985,431,360
Total assets
Above average
Net worth
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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.
10.3%
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
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$19,118
Average loan and lease size
Loan & lease sizes are big! They are bigger than at 90% of credit unions.

State Department Credit Union holds a total of $1,194,130,000 in loans and leases, which is about $19,118 per member on average.

Savings interest rate
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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. State Department Credit Union pays 0.10%.

Loan rates
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8.99%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
8.74%
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
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3.24%
New car loan rate
Compared to 4.0% nationally
3.39%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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4.25%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.62%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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