Dept Of Labor Credit Union Washington DC | Affordable Auto Loans & Business Banking

Introduction

At Dept Of Labor, we believe in building a strong foundation for our members' financial futures. Established in 1935, our credit union has been a steadfast partner to the community, helping over 8,345 members achieve their financial goals. Located at 200 Constitution Ave Nw, Washington, DC 20210, we are dedicated to providing personalized services that cater to your unique needs. While you can visit us at our branch for all your banking needs, please note that official correspondence should be sent to our mailing address: 200 Constitution Ave NW, Room S-3220, Washington, DC 20210. With total assets of $133,071,400 and total deposits reaching $3,747,446, we take pride in being a financially sound institution. Our commitment is reflected in our substantial total loans of 9,292, which demonstrates how we support the dreams and aspirations of our members through auto loans, mortgages, personal loans, and more. Under the leadership of our CEO, Thomas Domingue, and Board President Webster Coleman, our team of 28 employees works diligently to ensure every member receives top-notch service and guidance. We understand that financial choices can be overwhelming; that's why we're here to simplify the process for you. Whether you're looking for personal banking options like checking and savings accounts or exploring business banking solutions including merchant services and business loans, we've got you covered. Additionally, with modern conveniences such as online and mobile banking available at your fingertips via dolfcu.org, managing your finances has never been easier. If you're ready to take the next step in your financial journey or have any questions about our services, don't hesitate to reach out. Call us at 202-789-2901 today! Your future starts here at Dept Of Labor where community matters most.

Branch History & Mission

Community Partnerships

At the heart of our operations is a genuine desire to support local initiatives and partnerships that benefit our community. We actively participate in outreach programs designed to foster financial literacy and provide resources for those in need. This approach helps us build stronger ties within the community while empowering individuals with the knowledge they need for better financial management.

Join Us Today!

As we look toward the future, Dept Of Labor invites you to join our growing family. Experience firsthand how we can help you achieve your financial goals while being part of a community-focused institution. Together, let's pave the way for a brighter financial future. Feel free to reach out at (202) 789-2901 or visit us during our operating hours from Monday through Friday between 8:30 AM and 3:00 PM. Your journey toward financial empowerment starts here!

Our Evolution

From humble beginnings, Dept Of Labor has evolved into a significant financial institution, with total assets amounting to an impressive $0}. Our journey reflects our commitment to fostering strong relationships and supporting the financial wellness of our community. As we continue to grow, we remain dedicated to ensuring that our members feel valued and supported at every step.

Our Mission

The mission of Dept Of Labor is clear: to provide accessible financial services while actively engaging with and uplifting our community. We believe in the power of connection and strive to create an environment where everyone can thrive financially. Whether it's through personal banking solutions like checking and savings accounts or more tailored offerings such as auto loans and credit cards with rewards, we are here to meet your diverse financial needs. While members can visit us at 200 Constitution Ave Nw Washington Dc 20210, official correspondence should be sent to 200 Constitution Ave NW, Washington, DC 20210. We understand that convenience matters; hence, we offer online and mobile banking options so you can manage your finances anytime, anywhere. Additionally, our commitment to accessibility includes ADA compliance measures, ensuring that all members can easily access our services.

Branch Location & Accessibility

Banking Hours

We understand that your time is valuable. That's why we're open Monday through Friday from 8:30 AM to 3:00 PM. Our friendly team is ready to help you with everything from setting up accounts to exploring loan options during these hours.

Call to Action

We invite you to visit us at the Dept Of Labor branch today! Experience personalized service and discover how we can support your financial journey. If you have any questions before stopping by, don't hesitate to reach out via phone. We look forward to seeing you soon!

Convenient Access

Our location ensures that you can drop by with ease. While members can visit us at 200 Constitution Ave NW, if you need to send any official correspondence, please use our mailing address: 200 Constitution Ave NW, Room S-3220, Washington, DC 20210. We want to make your experience as smooth as possible! Parking is available nearby for your convenience, and our branch complies with ADA standards to ensure accessibility for all members. Whether you prefer walking in or need assistance getting through the door, we are committed to providing a welcoming environment.

Services Offered

At Dept Of Labor, we pride ourselves on offering a variety of services tailored to meet your financial needs. From personal banking options like checking and savings accounts to auto loans and mortgage refinancing, our goal is to help you achieve your financial aspirations. We also provide business banking solutions if you're looking to grow your venture. While we currently do not have ATM services or drive-thru banking available at this location, our team is always ready to assist you directly inside the branch. Should you have any questions about our shared services or anything else, feel free to give us a call at 202-789-2901.

Member Eligibility

Becoming a member of Dept Of Labor is like joining a close-knit community that truly cares about your financial well-being. If you're looking to access tailored banking services, you'll be glad to know that eligibility is open to various individuals connected to the Department of Labor, which includes employees, retirees, and even their family members. This inclusive approach means more people can enjoy our supportive environment and benefit from our range of services. For more specific details on who qualifies, feel free to check out our eligibility page at https://dolfcu.org/eligibility/. Joining us is straightforward! Simply visit our branch located at 200 Constitution Ave Nw Washington Dc 20210, or give us a call at (202) 789-2901 for any questions. We're here to help you through every step of opening your account and making the most out of your membership. Whether you're interested in personal banking options or loans, becoming part of Dept Of Labor opens the door to a world of financial possibilities tailored just for you!

Business Banking & Commercial Services

Financing Your Growth

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We also support the broader business community with $3 in non-member commercial loans, providing flexible financing solutions. Imagine a local coffee shop looking to expand its seating area or a tech startup needing funds for new equipment. With our financing options, businesses can pursue their dreams without breaking the bank.

Merchant Services That Make Sense

In today's fast-paced world, efficient payment processing is crucial for success. Our merchant services streamline transactions, making it easier for businesses to accept payments from customers. Whether it's through credit card processing or online payment solutions, we help you keep your cash flow steady and your operations running smoothly. If you're ready to take your business to the next level, come visit us at 200 Constitution Ave Nw Washington Dc 20210 in Washington, DC. Let's work together to make your business vision a reality!

Comprehensive List Of Services

Business Banking Solutions

For business owners, we understand how important reliable financial support is. Our business banking services include merchant services and business loans that help you manage operations smoothly and invest in growth opportunities.

Convenient Online and Mobile Banking

In today's fast-paced world, convenience is key. That's why Dept Of Labor offers robust online and mobile banking features. You can manage your accounts from anywhere, whether it's checking balances, transferring funds, or paying bills all from the palm of your hand. Our mobile payments feature makes transactions quick and easy, allowing you to focus on what matters most. While we currently do not have ATM services at this branch, our member services team is always available to assist with cash withdrawals and any other banking needs you might have during our lobby hours from Monday through Friday, 8:30 AM to 3:00 PM.

Personal Banking Services

Whether you're looking to open a checking or savings account, our personal banking options are tailored for your everyday needs. Imagine having a safe place for your money while earning interest on your savings. With our competitive rates, you can start building your financial future today. For those considering purchasing a vehicle, our auto loans and vehicle financing provide flexible terms and competitive rates. Picture driving off in your dream car without the stress of complicated financing processes. We also offer mortgage loans and refinancing options, making it easier for you to buy a home or lower your current mortgage payments. If you're facing unexpected expenses or want to consolidate debt, our personal loans can provide the relief you need. Plus, with credit cards that come with rewards, every purchase can bring you closer to exciting benefits.

Your Financial Partner

At Dept Of Labor, we believe that everyone deserves access to quality financial services. Whether you're an individual seeking personal finance solutions or a business owner looking for support, we are here for you every step of the way. Ready to explore how we can help you achieve your financial goals? Give us a call at (202) 789-2901 or visit us at 200 Constitution Ave Nw Washington Dc 20210 in Washington, DC. Let's take the next step together!

Digital & Online Banking

At Dept Of Labor, we understand that convenience and security are essential for your banking needs. That's why we offer a robust suite of digital and online banking services designed to make managing your finances easier than ever. With our 24/7 online banking services available at https://dolfcu.org, you can access your accounts anytime, anywhere. Whether you're checking your balance, transferring funds, or paying bills, our user-friendly platform ensures you can do it all with just a few clicks. Plus, our electronic signature authorization makes signing documents quick and secure, allowing you to handle important transactions without needing to visit the branch. Going green is easier with our e-statements option. You can view and manage your statements electronically, reducing paper waste while keeping your financial information organized and accessible. And if you're on the go, don't forget about our mobile application! It brings all the power of online banking right to your fingertips. For those who love mobile payments, we've got you covered! Our mobile payments feature allows you to pay for purchases directly from your phone, making everyday transactions smooth and hassle-free. Need to send money to a friend? With our person-to-person transfers, you can quickly send funds with just a few taps on your screen. Overall, the digital banking services at Dept Of Labor not only provide flexibility but also ensure that managing your money is straightforward and secure. Join us today and experience how easy banking can be with the right tools at your disposal!

Financial Strength

Growing Trust

Total Share and Deposit Accounts: 15,756, showing a strong and growing member base that trusts us with their finances. This trust empowers us to lend effectively while maintaining your savings securely. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Dept Of Labor is your trusted partner. Visit us at 200 Constitution Ave Nw Washington Dc 20210 or call (202) 789-2901 to learn more about how we can help you achieve your financial goals.

Investment in Future Growth

With $12,545,450 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity supports your financial goals with $4,509 in used auto loans and $103,311,672 in total loans and leases.

Member-Focused Savings

Members' savings are secured through $15,149,889 in share certificates and $9,618,522 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $14,421,069, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Operational Efficiency

Our operations reflect our commitment to efficiency with a net income of $-$307,060, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 27 full-time employees and 1 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Strong Financial Health

With a net worth of $13,553,104, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 10.18% demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $15,685,706 in used vehicle loans and $15,833,137 in new vehicle loans already helping members get on the road. Whether you're purchasing a brand-new model or a reliable used vehicle, our flexible financing options can make it easier than ever to drive away in the car you want.

Credit Lines and More

In addition to auto and mortgage loans, we provide credit lines totaling $41,628,250, ensuring that whether it's for unexpected expenses or planned purchases, you have access to funds when you need them most. For any questions regarding refinancing options or eligibility criteria for our loan products, don't hesitate to reach out! You can contact us at (202) 789-2901, and one of our friendly representatives will guide you through the details. The performance insights and financial data provided here are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. At Dept Of Labor, we're not just lending money; we're building relationships and empowering our members financially. Come visit us today and explore how we can help you achieve your financial aspirations!

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $8,145,297, make buying or refinancing simple. We believe that everyone should have access to affordable housing solutions, and our team is ready to assist you through every step of the process.

Unsecured Credit Card Loans

Managing day-to-day expenses can be challenging, which is why we also offer flexible terms on unsecured credit card loans, with a total of $5,283,257 in loans helping members manage their finances effectively. Our credit cards come with benefits that help you stay on top of your budget while enjoying the convenience of cashless transactions.

Loan Aggregator

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Ensuring Accurate Loan Comparisons

Loan data on LendMesh is sourced directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards, based on the latest results (Source: https://www.ncua.gov). This ensures that all offers displayed are fair and transparent. By focusing on verified financial institutions, LendMesh guarantees that users receive accurate information when comparing loans.

DEPT OF LABOR FEDERAL CREDIT UNION - Washington, DC

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