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Wright Patman Congressional Credit Union

Overview
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Wright Patman Congressional Credit Union is a federal credit union based in Washington, District of Columbia. It has been opened since 1953, for 67 years.

With around $970,770,000 in assets, Wright Patman Congressional Credit Union is considered to be a very large credit union. It has 7 branches and 5 ATM locations.

About
Address P.O. Box 23267
Washington, District of Columbia 20026
Website http://www.congressionalfcu.org
Phone (703) 934-8300
Fax (703) 352-3452
CEO Sean Zimmermann
President of the Board James Kaelin
Services Offered
Map
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Score Card
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67 years
Years in business
Opened in 1953
Well Capitalized
Net worth classification
Source: NCUA
46,981 members
Membership type: Multiple common bond – primary federal, state, local government
Above average number of members
304:1
Credit union member to staff ratio
304 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
$970,766,343
Total assets
Above average
7 branches
Compared with an average of 4 nationally and 2 in District of Columbia
Above average number of branches
0.25%
Savings interest rate
Compared to 0.3% nationally
10.15%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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7 branches
Compared with an average of 4 nationally and 2 in District of Columbia
Above average number of branches
Wright Patman Congressional Credit Union Branch Locations

Wright Patman Congressional Credit Union: Oakton Branch
10461 White Granite Drive
Oakton, Virginia 22124
ATM Available
Wright Patman Congressional Credit Union: Oakton
10461 White Granite Drive
Suite 102
Oakton, Virginia 22124
No ATM
Wright Patman Congressional Credit Union: Longworth Branch
Room B. 203
Longworth House Office Building
Washington, District of Columbia 20515
ATM Available
Wright Patman Congressional Credit Union: Ford Branch
Room 353
Ford House Office Building
Washington, District of Columbia 20515
ATM Available
Wright Patman Congressional Credit Union: Rayburn Branch
Room Sw1
Rayburn House Office Building
Washington, District of Columbia 20515
ATM Available
Members
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46,981 members
Membership type: Multiple common bond – primary federal, state, local government
Above average number of members

With 46,981 members, the Wright Patman Congressional Credit Union is considered to be a very large credit union. It is among the largest of credit unions and is larger than 90% of credit unions.

Fees
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$47
Average fee per member
The average fee per member at the Wright Patman Congressional Credit Union is $47, which is comparable to most credit unions. This rate is lower than 52% of all credit unions.
Fees are 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 Wright Patman Congressional Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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304:1
Credit union member to staff ratio
304 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
154 staff members
FTE (full-time equivalent)
1% of employees are part-time
154 full-time, 1 part-time

Wright Patman Congressional Credit Union has 154 full-time staff members and 1 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. Wright Patman Congressional Credit Union has around 304 members per staff, a low ratio compared to other credit unions. This is a well staffed credit union.

Assets
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$970,766,343
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.
9.0%
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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$22,314
Average loan and lease size
Loan & lease sizes are big! They are bigger than at 94% of credit unions.

Wright Patman Congressional Credit Union holds a total of $574,960,000 in loans and leases, which is about $22,314 per member on average.

Savings interest rate
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0.25%
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. Wright Patman Congressional Credit Union pays 0.25%.

Loan rates
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10.15%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
10.99%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
3.15%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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2.49%
New car loan rate
Compared to 4.0% nationally
2.99%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.25%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
3.87%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally