F R B Credit Union Washington DC | Affordable Auto Loans & Business Banking

Introduction

At F R B, we believe in the power of community and the importance of financial well-being. Established in 1935, our credit union has proudly served the Washington, DC area from our main office located at Board Of Governors Of The Federal Reserve System, Washington, DC 20551. With a dedicated team of 19 employees, we are here to support over 5,670 members with personalized banking solutions tailored to their needs. While members can visit us at our branch address, official correspondence should be sent to PO Box 9867, Washington, DC 20016. Our commitment to providing exceptional service is reflected in our robust financial standing boasting total assets of $123,090,517 and total deposits reaching $6,590,206. We also facilitate a wide range of lending options with a total of 3,003 loans and leases, ensuring that our members have access to the funds they need for various life stages. Led by our CEO, Theresa Trimble, and Board President, Ken Franklin, we prioritize member satisfaction and community engagement. We understand that each member's journey is unique, which is why we offer services including checking and savings accounts, auto loans, mortgage loans, personal loans, and business banking options. With a net worth of $11,122,689 and cash on hand amounting to $517,910, you can trust that your financial future is in secure hands with us. Whether you are looking to open an account or explore loan options, we invite you to visit our website at frbfcu.org or call us at 202-452-2800 for assistance. Join us in building a brighter financial future together!

Branch History & Mission

At F R B, we take pride in our rich history and commitment to serving the community in Washington, DC. Founded in 1935, our branch has grown from a small financial institution into a trusted partner for over 5,670 members, providing essential financial services that empower individuals and families alike. Located at Board Of Governors Of The Federal Reserve System Washington Dc 20551, right near prominent landmarks, we have positioned ourselves as an accessible hub for all your banking needs. We understand that our members are not just numbers; they are the heart of our mission. That mission is simple yet powerful: to provide exceptional financial services while uplifting the communities we serve. We believe that by supporting our members' dreams and aspirations, we strengthen the fabric of our community. Over the years, F R B has experienced remarkable growth, now boasting total assets of $0}. This growth reflects not only our financial health but also the trust placed in us by our loyal members. Our team is dedicated to ensuring that every member receives personalized attention and support, whether they are seeking auto loans, mortgages, or everyday banking solutions. We are committed to innovation and accessibility. Our branch operates with staff available from 8:00 AM to 4:30 PM, Monday through Friday, with member access from 8:30 AM to 3:30 PM. While we currently do not offer drive-thru banking or shared service centers, we do provide ATM availability for your convenience. As we move forward, we continually strive to enhance our digital offerings, making it easier for you to manage your finances online or via mobile banking. While members can visit us at Board Of Governors Of The Federal Reserve System Washington Dc 20551, official correspondence should be sent to PO Box 9867, Washington, DC 20016 if different. We also actively engage in community outreach efforts and partnerships aimed at creating a positive impact locally. At F R B, we're more than just a credit union; we're your neighbors. Join us today and experience the benefits of being part of a financial institution that truly cares about your success and well-being. Together, let's build a brighter future for our community! For more information or to become a member, feel free to call us at (202) 452-2800 or visit our website at https://frbfcu.org/.

Branch Location & Accessibility

Contact Us

Have questions or need assistance? Feel free to give us a call at (202) 452-2800. Our team is always ready to help guide you through our offerings or answer any inquiries you may have. Whether you're a long-time member or considering joining us, we invite you to stop by and experience the personal touch that sets F R B apart. We look forward to welcoming you soon!

Getting Here

Parking is available right at our location, ensuring you have a hassle-free experience when you visit us. We are proud to be accessible for everyone, with ADA-compliant features that include ramps and wide doorways. If you're looking for a place to conduct your banking needs comfortably, you've come to the right spot!

Hours of Operation

Our staff is ready to assist you from 8:00 AM to 4:30 PM Monday through Friday, with member services available from 8:30 AM to 3:30 PM. We understand that your time is valuable, so we aim to provide efficient service during these hours.

Services Offered

At F R B, we offer a variety of services designed to meet your financial needs. From checking and savings accounts to auto loans and mortgage refinancing, we've got you covered. Plus, enjoy the ease of ATM services right on-site for quick cash withdrawals or balance checks. While we don't have drive-thru banking at this location, our friendly team is here to help you inside.

Member Eligibility

Becoming a member of F R B is like opening the door to a welcoming community that truly cares about your financial well-being. If you're in the Washington, DC area or affiliated with the Federal Reserve, you may already qualify! Membership is available to those who work for or are retired from the Federal Reserve System, along with their family members. This means that if you're part of this special network, you can enjoy all the benefits we offer at F R B, including personalized service and competitive rates tailored to meet your needs. To get started on your journey with us, simply visit our eligibility page at https://frbfcu.org/membership/ for detailed information. It's easy and straightforward to join our credit union, and if you have any questions or need assistance, don't hesitate to call us at (202) 452-2800. We're here to help make your membership experience as smooth as possible! You can also find more about opening an account through this link: https://frbfcu.org/personal-vacation-loan/. We look forward to welcoming you into our family!

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've funded over $0 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $0 in non-member commercial loans, providing flexible financing solutions. Imagine having access to the capital you need to purchase new equipment or expand your team. With our tailored loan options, you can focus on what matters most growing your business.

Merchant Services That Matter

In addition to our loan offerings, we provide merchant services that make transactions smoother for you and your customers. Whether it's accepting credit cards or managing online payments, we equip you with tools that simplify operations and enhance customer satisfaction. Picture a busy day at your shop where every transaction goes off without a hitch, thanks to reliable payment processing from F R B. Located at Board Of Governors Of The Federal Reserve System Washington Dc 20551 in Washington, DC, our team is here to help you navigate the financial landscape. Reach out to us at (202) 452-2800 to learn more about how we can partner with you on your business journey.

Comprehensive List Of Services

ATM Services

We also provide ATM & Cash Withdrawal Services, ensuring you have access to your funds when you need them most. With basic ATM access available for withdrawals and balance checks, managing your cash flow has never been easier. At F R B, we believe in making banking accessible and straightforward. For any questions about how our services can meet your needs or if you're ready to get started today, don't hesitate to reach out! Call us at (202) 452-2800 or visit us online at Main Office. Your financial journey starts here!

Auto Loans & Vehicle Financing

If you're in the market for a new car, our Auto Loans & Vehicle Financing can help get you behind the wheel without breaking the bank. We understand that purchasing a vehicle is a significant investment, so we offer flexible terms and competitive rates designed to suit various budgets.

Business Banking

Small business owners will appreciate our dedicated Business Banking services. From merchant services that help streamline payments to business loans designed to fuel growth, we're committed to supporting local businesses in achieving their goals.

Credit Cards with Rewards

For those who enjoy rewards for their spending, we offer Credit Cards with Rewards that allow you to earn points on everyday purchases. These points can be redeemed for travel, merchandise, or cash back making each purchase feel even more rewarding!

Mortgage Loans & Refinancing

Homeownership is a dream for many, and at F R B, we make it more attainable with our Mortgage Loans & Refinancing options. Whether you're buying your first home or looking to refinance your existing mortgage for better rates, our team is here to guide you through every step of the process.

Online & Mobile Banking

With today's busy lifestyles, convenience is key. Our robust Online & Mobile Banking features let you manage your accounts anytime and anywhere. You can pay bills, transfer money between accounts, or even send money directly to friends and family using person-to-person payment options.

Personal Banking

For those looking to manage their day-to-day finances, we offer Personal Banking options, including checking and savings accounts. Whether you're saving for a vacation or managing monthly expenses, our accounts come with competitive rates and easy access through online and mobile banking. Imagine being able to check your balance or transfer funds from your phone while waiting in line at your favorite café!

Personal Loans & Debt Consolidation

Life can throw unexpected expenses your way, and that's where our Personal Loans & Debt Consolidation services come in handy. If you're managing multiple debts or need some extra cash for an emergency, we can provide you with solutions that work for your situation.

Digital & Online Banking

At F R B, we understand that managing your finances should be easy and secure. That's why we offer a range of digital and online banking services designed to give you control over your money anytime, anywhere. With our user-friendly online banking platform, accessible at https://frbfcu.org/, you can manage your accounts 24/7. Whether you want to check your balance, pay bills, or transfer funds, everything is just a few clicks away. We also provide person-to-person transfers, allowing you to send money to friends and family quickly and easily. For those who prefer mobile banking, our mobile application makes it simple to handle your finances on the go. You can access all the features available on our website right from your smartphone. Plus, with e-statements available, you can stay organized and reduce clutter by opting for paperless account statements. Security is a top priority for us at F R B. Although we currently do not offer electronic signature authorization for transactions, rest assured that your information is protected with robust security measures. Our system ensures that your personal data remains safe while you enjoy the convenience of online banking. If mobile payments are part of your lifestyle, we're excited to announce that our current offerings include many features tailored to enhance your banking experience. While mobile payments are not yet available, our team is constantly working to expand our services to meet your needs. Experience the ease of real-time account management with F R B. With just a few taps or clicks, you're empowered to take charge of your financial life effortlessly. Join us today and discover how our digital banking services can simplify your everyday transactions!

Financial Strength

Commitment to Growth

Our commitment to serving you is reflected in our $10,292,132 in undivided earnings. This means we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Additionally, with $309 in used auto loans and $87,760,418 in total loans and leases, our lending capacity supports members' financial goals across various sectors.

Growing Member Base

With a total of 11,489 share accounts, our growing member base trusts us with their finances, showing the confidence that comes from being part of the F R B community. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, F R B is your trusted partner. Visit us at Board Of Governors Of The Federal Reserve System Washington Dc 20551 or call (202) 452-2800 to learn more about how we can help you achieve your financial goals. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.

Member-Centric Savings

Members' savings are secured through $25,039,096 in share certificates and $22,111,992 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Operational Efficiency

We are pleased to report a net income of $71,542, which reflects our operational efficiency. This success enables us to continue offering competitive loan rates and solid financial products for our members. Our dedicated team consists of 19 full-time employees and 0 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 $11,122,689, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. This solid foundation is further highlighted by our net worth ratio of 9.03%, 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 $5,208,915 in used vehicle loans and $3,120,072 in new vehicle loans already helping members get on the road. We make it easy to get behind the wheel with flexible terms and competitive rates, whether you're purchasing a new or used vehicle.

Credit Lines

For those needing additional flexibility in managing cash flow, our total credit lines amounting to $57,037,750 offer an excellent solution. This product allows you to borrow as needed without the hassle of applying for multiple loans. At F R B, we believe that everyone deserves access to reliable financial products that fit their lifestyle. If you're considering refinancing options or want to check your eligibility for any of our loan offerings, please don't hesitate to reach out. You can contact us at (202) 452-2800 or visit us at our branch located at Board Of Governors Of The Federal Reserve System Washington Dc 20551, Washington, DC. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Let us help you take the next step towards achieving your financial aspirations!

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $9,452,742, make buying or refinancing simple. We work closely with you throughout the process, ensuring that your experience is smooth and straightforward.

Unsecured Credit Card Loans

Managing finances can be challenging, which is why we also offer flexible terms on unsecured credit card loans. With a total of $2,038,686 in loans helping members effectively manage their budgets, our credit cards are designed to provide you with both convenience and control.

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F R B FEDERAL CREDIT UNION - Washington, DC

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