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Serving members worldwide since 1935.

Board, Committees & Staff

We're here to serve you, our member.

Have Questions?
(301) 929-7990
+1 (800) 888-6560 (toll-free)

Our Member Service Representatives are available to help you with your personal or business banking needs Monday through Friday, 8:30 a.m. - 4:00 p.m.

After Hours?
  • Crystal City, VA
  • Kensington, MD
  • Potomac, MD
  • Rockville, MD
  • McLean, VA
  • Washington, D.C.

Or visit a shared branch — there's at least one in every state!

Find a Surcharge-Free ATM Nationwide

Mailing Address

Lafayette Federal Credit Union
2701 Tower Oaks Boulevard
Rockville, MD 20852

You can also send correspondence to any of our branch locations.

Our Mission

We serve, support and empower our members by understanding their financial needs, delivering products and services to achieve their financial goals and offering solutions to assure their financial well-being.

Our Vision

Your credit union for life.


Our Story

Since our founding in 1935, we have sought to provide our members with a safe and convenient place to save, and to offer loans at rates and terms more favorable than those of other financial institutions. We also work hard to provide top-notch service to our members around the world.

Throughout the years, the kinds of financial services that we offer have changed to keep pace with the changing needs of our growing and diverse membership. If you're interested in a financial service that we don't currently offer, please let us know. Listening to member needs, and responding accordingly, has made us the trusted financial institution that we are today.

1935

On October 3rd, the credit union opens its doors and begins offering personal loans. The minimum loan is $10; the maximum, $50.

1939

The credit union begins offering new vehicle loans.

1941

Lafayette Federal begins selling U.S. Savings Bonds.

1947

The limit on total deposits in share accounts is $1,000.

1950

Lafayette Federal has 960 members.

1951

Total loans outstanding at Lafayette Federal is $129,000.

1960

Lafayette Federal Assets reach nearly $2 million.

1961

Lafayette Federal moves its main office to the U.S. Department of State Building.

1970

National Credit Union Administration is created to supervise and regulate credit unions; "once a member, always a member" policy adopted.

1974

Lafayette Federal has $10 million in assets and 7,600 members.

1980

Lafayette Federal begins offering share draft (checking) accounts.

1988

Lafayette Federal begins offering first trust mortgage loans.

1989

Lafayette Federal moves its headquarters to Kensington, MD.

1992

Lafayette Federal merges with Potomac Community Federal Credit Union and introduces a telephone bill payer program.

1995

The Personal Branch online financial services system becomes available as the Lafayette Federal website is unveiled.

2004

Lafayette Federal forms Potomac Business Services, LLC with three other credit unions to provide commercial loans.

2008

Lafayette Federal hosts the inaugural Capitol Classic Charity Golf Tournament.

2009

Business Accounts and Relationship Checking programs are introduced at Lafayette Federal.

2010

Lafayette Federal celebrates its 75th anniversary.

2011

Montgomery County, MD is added to Lafayette Federal's field of membership through the American Consumer Council (ACC).

2012

All residents of Washington, D.C., Maryland and Virginia are added to LFCU's field of membership through the American Consumer Council (ACC).

2016

Lafayette Federal Credit Union merges with CSC Employees Federal Credit Union.

2017

Lafayette Federal moves its headquarters to Rockville, MD.

2018

The headquarters building is officially named the Norman Cohen Financial Service Center.

2020

Lafayette Federal celebrates over 85 years of serving 27,000+ members worldwide.

2020

Lafayette Federal ranks #20 in S&P Global's Top 100 Performing Credits Unions of 2020.

2021

As of 3/31/2021, Lafayette Federal reaches $1 billion in assets.

2021

Lafayette Federal moves up the rankings to secure the #12 spot in S&P Global's Top 100 Performing Credits Unions of 2021.

2021

Lafayette Federal raises an all-time high of $76,000 for Children's Miracle Network, and have provided more than $1 million in total charitable donations.

2022

Lafayette Federal receives increased national recognition:
•Newsweek's America's Best Banks List
•5-star rating from Bauer Financial

 

Member-Owned, Not-for-Profit

You’re a member AND an owner at Lafayette Federal. We treat our members as unique individuals with specific needs and financial goals. We are member-owned, not-for-profit, and community-minded. Every decision made, every new product and service introduced, is based on what is best for our community. As a not-for-profit organization, we return excess funds to our members as increased dividends, reduced loan interest, as well as products and service enhancements.

Corporate Information

B. John Farmakides, President/CEO

Mr. Farmakides is assisted by the Senior Management team at Lafayette Federal Credit Union, which is comprised of:

  • Stephen Harrell, Chief Financial Officer
  • Lynn English, Senior Vice President, Risk Management
  • Jeff Ference, Senior Vice President, Operations
  • Gladys Magsino, Senior Vice President, Administration
  • Tina Werking‚ Senior Vice President, Lending
  • Andrew Mason‚ Senior Vice President, Information Technology
  • Roland Varblow‚ Senior Vice President, Mortgage Lending

Our Board of Directors, which is elected by the membership, is responsible for providing strategic direction and general oversight to credit union management and establishing new programs to better meet the membership's financial needs.

Our Current Board Members

  • Nathan "Gus" Siekierka‚ Chair
  • Mary Jo Morris‚ Vice Chair
  • Leslie Poole, Treasurer
  • Thomas Harmon, IV, Secretary
  • Eric Benderson, Director
  • Norman Cohen, Director
  • Lisa DeSoto, Director
  • Richard Ginsburg‚ Director
  • John Richter, Director


  •  

    The Board is also responsible for appointing the Supervisory Committee. The committee assures our adherence to governmental regulations and Board policies and serves as a sounding board for our members, investigating complaints and other member concerns. The Supervisory Committee also audits our financial records and works closely with our accountants to conduct the annual audit of the credit union.

    Our Supervisory Committee Members

    • William "Bill" Hills, Chair
    • Kristin Earley
    • Walter Intlekofer
    • Lawrence "Rusty" Payne
    • Theodore "Teddy" Vagias


Have questions?
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