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State Department Federal Credit Union

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TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 6/23/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
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Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 6/23/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
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Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 6/23/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 6/23/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 6/23/2025
4.30%
Our Rating
4.1  / 5
BrioDirect
High-Yield Savings
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Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
www.sdfcu.org
703-706-5000
1630 King St
Alexandria, VA 22314

State Department Federal Credit Union is headquartered in Alexandria and is the 8th largest credit union in the state of Virginia. It is also the 161st largest credit union in the nation. It was established in 1935 and as of March of 2025, it had grown to 215 employees and 87,234 members at 6 locations. State Department Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership in State Department Federal Credit Union is open to anyone through joining the American Consumer Council (available when opening an account). Membership is also open to employees of the U.S. State Department or other select organizations and to family of existing members.
See current membership details

Reviews (10)

Positive Experience, Satisfied So Far

Posted by: |

I opened my account 15 months ago.
Online.
Their website is good, reliable so far.
(A few things do not work - like checking your FICO score, but I know this from other source, so this is not very important)

It is easy to buy CDs from the checking account.
A month before expiration they remind you whether you want to renew the CD or put the money back to your checking.

It is also easy to pay their and other credit cards from the checking account. So my experience is positive.

Initial Deposit Ceiling

Posted by: |

Today I began the process of joining this credit union, with the intent of setting up a 5-year jumbo CD before rates fall even further. The application process went well until I got to the funding page. The maximum allowable initial deposit is only $50K, which means that I could not set up a jumbo CD at this time. The rate difference between a jumbo and a regular CD is 21 bp which is not insignificant.

I spoke with a representative who told me I could wire the funds in, but not until my basic membership application has been approved. The upshot is that I went forward with the basic membership application (cost me $1) but am at risk of rate changes until I am able to set up the CD.

Stay tuned for updates.

Advertise But Dont Deliver

Posted by: |

I applied and was immediately turned down. After all required documents were submitted they said no because of an adverse loan issue. I have no loans at all and a credit card that is paid off monthly. Perhaps its because my id shows that I am black. Could it be?

Good Credit Union

Posted by: |

In June of 2023 I joined primarily for the credit card. Since then I have added two CD’s at a good rates. The credit card was reviewed and I was given a credit limit increase. I did not rate the customer service I have only talked them once or twice. I do most everything online. As need arises I will expand my relationship with them

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Health
B+

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
NCUA #435
Year Chartered1935
Employees215
Primary Regulator
Profit Margin
Return on Assets - YTD0.24%
Return on Equity - YTD3.43%
Annual Interest Income$32.1MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$2.95B$2.79B
LoansQ1 2025vs Q1 2024$1.47B$1.41B
DepositsQ1 2025vs Q1 2024$2.39B$2.24B
Equity CapitalQ1 2025vs Q1 2024$205.5MM$167.7MM
Loan Loss AllowanceQ1 2025vs Q1 2024$16.1MM$14.6MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$15MM$13.2MM
Real Estate OwnedQ1 2025vs Q1 2024$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 6/23/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 6/23/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 6/23/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 6/23/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 6/23/2025
4.30%
Our Rating
4.1  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Rates

Sorry, we do not have rate data for State Department Federal Credit Union.

Locations


State Department Federal Credit Union Locations
Branch Office1630 King StAlexandria, VA 22314-2763
Branch OfficeBuilding 41 Fort Lesley J McNairWashington, DC 20319-0001
Branch Office1801 N Lynn StArlington, VA 22209
Branch Office3100 Clarendon BlvdArlington, VA 22201
Branch OfficeRoom B-641 2201 C St NW,Washington, DC 20521-0001
Branch Office2009 Dyess Ave Bldg FCharleston, SC 29405-2502

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