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Open an Account

At Lafayette Federal, our service speaks for itself.

Join Today

Open an account

Please choose one of the following options:


Speak with a local Member Service Representative

Call us: 1 (800) 888-6560

Representatives are available 24/7 to assist you.

Explore the Lafayette Federal difference

Competitive, nation-leading rates

For every dollar you save with us, you get rewarded. Take advantage of greater rewards with our tiered savings accounts.

Free 24/7 online banking

Access your account anytime, anywhere with our Online Banking and Mobile App. Deposit your funds on the go or conveniently check your balance on your own time.

Nationwide eligibility

There’s several ways to become a Lafayette Federal member. Whether you live nearby or work with one of our affiliate companies, you’re eligible!

Lower interest & more rewards

Whether you need a loan for your home or a credit card, you can be sure that outstanding rates and rewards align with the product of your choice.

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Our people say the nicest things.

Lafayette Federal has been my trusted credit union for the last 34 years, providing for me while I served both overseas and here in the United States! You have helped me to plan for the future, finance mortgages, fund my business start-up, and save for retirement. Thanks for being my bedrock as I now look forward to enjoying this next phase of my life.

Brian B.Member for 34 Years

Your membership makes a difference.

  • In 2022, we donated over

    to community organizations.

  • Since 2020, we donated

    for COVID-19 frontline support.

  • In 2022, we coached

    people on financial literacy topics.

Lafayette Federal vs. Banks

  • Type of Organization

    Type of Organization

  • Who can join

    Who can join

  • Invested in

    Invested in

  • Deposits federally insured

    Deposits federally insured

  • Governance


  • Interactions with like financial institutions

    Interactions with like financial institutions

Lafayette Federal Credit Union

  • Type of Organization

    Not-for-profit – Fewer fees, better rates

    As a not-for-profit financial cooperative, we return out profits to our members in the form of better rates, lower fees and greater service.

  • Who can join


    Lafayette Federal’s membership is open to anyone we serve, including the family of eligible members.

  • Invested in

    Community Members

    We serve the needs of our membership and community by investing our non-interest income and interest from loans in local organizations working to make a difference. 

  • Deposits federally insured

    NCUA Insured ($250k)

    Your deposits are insured by the National Credit Union Administration (NCUA) and are backed by the faith and credit of the United States Government.

  • Governance

    Member Owned

    Each member can exercise their voting rights to fill seats on the Board of Directors. The directors advocate for membership.

  • Interactions with like financial institutions


    Credit Unions are financial cooperatives. That means we work together toward one common goal– helping our members prosper. 


  • Type of Organization

    For-profit – More fees, worse rates

    Traditional banking institutions primarily focus on generating profits for their shareholders with no added benefits to their customers. 

  • Who can join


    You cannot join a bank, but anyone can be a customer. 

  • Invested in

    Generating revenue

    Banks use the income they generate from fees, interest, business accounts and investments to increase their shareholders’ earnings. 

  • Deposits federally insured

    FDIC Insured ($250k)

    At a bank, your deposits are insured by the Federal Deposit Insurance Corporation and are backed by the full faith of the United States Government. 

  • Governance

    Stakeholder Owned

    Banks are governed by their shareholders. Voting rights depend on the number of shares you own leaving regular customers out of decisions. 

  • Interactions with like financial institutions


    Banks are competitive. They compete with one another for your business and see you only as a number. 

You are eligible if…

Residents of Potomac, MD

Persons who live or work in that part of Montgomery County, Maryland, known as Potomac, bounded on the south by the Potomac River from Riley’s Lock Road on the west to Cabin John Parkway on the east, on the east by Cabin John Parkway to the Capital Beltway 495 to Interstate 270, on the north by Shady Grove Road to State Route 28 to State Route 112, and on the west by State Route 112 and Seneca Road to River Road to Riley’s Lock Road to the Potomac River, excluding the military reservation known as the U. S. Navy Ship Research and Development Center, are eligible to join.

Select Residents of Washington, D.C.

Many individuals who live, work, worship or attend school in Washington, D.C. are eligible to become members. Our D.C. charter extends to individuals within certain geographic boundaries per the map below.

We extend our membership to all direct-hire individuals employed by or retired from our Select Employee Groups. Find out if your employer is one of our Select Employer Groups.

We extend eligibility to all members of the Home Ownership Financial Literacy Council (HOFLC). HOFLC is a non-profit corporation created to provide its members with the necessary tools to successfully navigate the path of home ownership. Whether you are a first-time home buyer, veteran, or refinancing your current home, HOFLC has the resources to help you make an informed decision. When you sign up, you get the power of information at your fingertips. With a one-time membership fee of $10, you’ll enjoy the following:

  • Articles from reliable resources
  • Calculators to help you plan to the penny

Persons who live in Maryland, Washington, D.C. or Virginia are eligible to open an account if they are an existing member or become a member of the American Consumer Council (ACC). The ACC was founded to ensure vital customer needs are met and protected through educating American consumers about the benefits of various products and services and acting as a voice for consumer advocacy and economic wellness in the United States. As an influential organization with more than 160,000 members nationwide, ACC applies marketplace pressure to ensure companies offer safe, reliable products and services that consumers can use, trust, and recommend to their family and friends.

We will take care of your ACC membership when you open your Lafayette Federal account — there’s no fee to you. Simply select “persons who live in Maryland, Washington, D.C. or Virginia” for your eligibility and you’ll have the added benefit of becoming a part of ACC. Learn more about the American Consumer Council.

We extend eligibility to all current members’ immediate family members. This includes: grandparents, parents, spouses, children (including foster and adopted), grandchildren and siblings. Un-remarried spouses of persons who died while employed by any of our eligible organizations are also eligible for membership.

This means that once you become a member, your family members automatically become eligible to join!

What you will need to apply…

You will need the following information in order to complete the application:

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Check your eligibility to confirm that you’re in our field of membership.

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Personal Identification

Have your government issued ID, driver’s license/State ID, or Passport with current address ready.

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Your Address

Make sure to have your physical and mailing address on hand.

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Your SSN & Date of Birth

We’ll also need other identifying information such as your Social Security Number and Date of Birth to verify your new account.

Ready to join Lafayette Federal?

Get started online
Open an Account

Open an account

Please choose one of the following options:


Speak with a local Member Service Representative

Call us: 1 (800) 888-6560

Representatives are available 24/7 to assist you.

Visit a branch
Schedule an appointment
Call us

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