Lafayette Federal Credit Union Logo Trademarked

About Lafayette Federal

We’re here to serve you.

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 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.

October 3, 1935

The credit union opens its doors and begins offering personal loans.

The minimum loan is $10; the maximum, $50.

car

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.

group-from-1950

1950

Lafayette Federal has 960 members.

1951

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

cash

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 established.

The administration is created to supervise and regulate credit unions by adopting a “once a member, always a member” policy.

1974

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

signing-checks

1980

Lafayette Federal begins offering share draft (checking) accounts.

mortgage

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.

The Credit Union also introduces a telephone bill payer program.

computer-from-90s

1995

The Lafayette Federal Credit Union website is unveiled.

The Personal Branch online financial services system becomes available to members.

2004

Lafayette Federal forms Potomac Business Services, LLC.

We join forces with three other credit unions to provide commercial loans.

golfclub-green

2008

Lafayette Federal hosts the inaugural Capitol Classic Charity Golf Tournament.

2009

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

75th-anniversary-logo2

2010

Lafayette Federal celebrates its 75th anniversary.

2011

Lafayette Federal’s field of membership grows through the American Consumer Council (ACC).

Montgomery County, MD is added to Lafayette Federal’s field of membership.

2012

Lafayette Federal’s field of membership grows yet again through the American Consumer Council (ACC).

All residents of Washington, D.C., Maryland and Virginia are added to our field of membership.

2016

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

tower-oaks

2017

Lafayette Federal moves its headquarters to Rockville, MD.

2018

The headquarters building is officially named the Norman Cohen Building.

85th-anniversary-logo

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 Credit Unions of 2020.

March 31, 2021

Lafayette Federal reaches $1 billion in assets.

2021

Lafayette Federal moves up in the rankings.

Our Credit Union secures the #12 spot in S&P Global’s Top 100 Performing Credit Unions of 2021.

2021

Lafayette Federal raises an all-time high in charitable donations.

We raised a record-setting 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
  • Ranked #12 in S&P Global’s Top 100 Performing Credit Unions of 2022

McLean branch exterior

October 11, 2023

Lafayette Federal hosts grand opening for its new McLean Financial Service Center

The McLean Financial Service Center is relocated to a new, renovated building at 6890 Elm Street, McLean, VA 22101

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.

Financials

April 30, 2024

Amount

April 30, 2024

Total Assets

Amount

$2,017,161,490

April 30, 2024

Total Shares

Amount

$1,747,283,216

April 30, 2024

Total Loans

Amount

$1,581,047,540

April 30, 2024

Reserves

Amount

$223,998,869

April 30, 2024

Net Income

Amount

$120,350

Download the latest Membership Report.

Download the latest Annual Report.

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Call us: 1 (800) 888-6560

Representatives are available 24/7 to assist you.

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Monday-Friday 8:30am – 4:00pm
Audio Response 24/7
301-929-7990
1-800-888-6560 (toll-free)