FedFinancial Silver Spring MD Credit Union

Introduction

Welcome to Fedfinancial, your trusted partner in financial services since 1935. Located at 10903 New Hampshire Ave Bldg 2, Silver Spring, MD 20903, we are dedicated to providing our members with exceptional service and a wide range of financial solutions. With a strong commitment to our community, we proudly serve over 4,000 members and manage total assets of $74,820,903. At Fedfinancial, we believe in building lasting relationships with our members. Under the leadership of CEO Jonathan Rhodes and Board President Christopher Cole, our team of 10 dedicated employees works tirelessly to ensure that you receive personalized support tailored to your unique financial needs. Whether you're looking for a loan or simply want to manage your savings more effectively, we're here for you every step of the way. As a member-focused credit union, we offer competitive rates on loans and deposits. Currently, our total loans amount to 2044, with total deposits reaching $1,312,741. Our net worth stands at an impressive $6,488,422, reflecting our strong financial health and commitment to responsible management. While members can visit us at our branch location for assistance and inquiries during regular hours from 8:00 a.m. to 5:00 p.m., official correspondence should be directed to our mailing address at 10903 New Hampshire Avenue Bldg 2, Silver Spring, MD 20903-1058. We invite you to explore all that Fedfinancial has to offer by visiting our website at fedfinancial.org or calling us directly at 301-881-5626. Discover how we can help you achieve your financial goals today!

Branch History & Mission

Community Engagement

Fedfinancial is more than just a credit union; it's an integral part of the Silver Spring community. We actively seek partnerships with local organizations and engage in outreach efforts aimed at uplifting those around us. Our commitment extends beyond financial transactions; we believe in giving back and enhancing the lives of those within our community. We invite you to become part of our family at Fedfinancial! Join us today and experience a credit union that genuinely cares about your financial well-being and community prosperity. Together, let's build a brighter future! For more information or to get started with your membership, visit us at Fedfinancial or call us at 301-881-5626.

Our Mission

At the core of Fedfinancial's mission is a genuine desire to empower our members financially while supporting the community around us. We believe that everyone deserves access to quality financial resources and support. Our mission is not just about banking; it's about building relationships and fostering financial literacy among our members. We are dedicated to ensuring that our services are inclusive and accessible. From easy online banking options to mobile payments and electronic statements, we strive to meet the needs of today's consumers while keeping pace with technological advancements. Although we currently do not have ATM or drive-thru services available, our lobby hours are convenient for busy schedules: Monday through Friday from 8:00 a.m. to 5:00 p.m. While members can visit us at 10903 New Hampshire Ave Bldg 2, official correspondence should be sent to 10903 New Hampshire Avenue Bldg 2, Silver Spring, MD 20903-1058 if different.

Branch Location & Accessibility

Call-to-Action

Feel free to call us at (301) 881-5626 if you have any questions or need assistance before your visit. We can't wait to welcome you into our branch! Come see how we can help you achieve your financial goals today!

Nearby Landmarks and Accessibility

Situated near popular local spots, our branch is easy to find. Just a short drive from the bustling downtown area, you'll appreciate the accessibility and ample parking available on-site. Plus, our facilities are designed to be welcoming for everyone, with ADA-compliant features ensuring that all members can navigate with ease. While members can visit us at 10903 New Hampshire Ave Bldg 2 Silver Spring Md 20903, official correspondence should be sent to 10903 New Hampshire Avenue Bldg 2, Silver Spring, MD 20903-1058 if it differs from our branch location.

Operating Hours and Services

We're open Monday through Friday from 8:00 a.m. to 5:00 p.m., providing plenty of time for you to stop by during your busy day. Although we currently do not offer ATM services or drive-thru banking, our friendly staff is always ready to assist you inside the branch. At Fedfinancial, we believe in providing personalized service tailored to your needs. We're dedicated to helping you manage your finances effectively and are excited to assist both new and existing members.

Member Eligibility

At Fedfinancial, we believe that joining our community is not just about opening an account; it's about becoming part of a supportive family that truly cares. Membership is open to those who live, work, worship, or attend school in the Montgomery County area. If you're looking for a place where your financial needs are prioritized and where you can enjoy personalized service, you're in the right spot! We offer various benefits tailored to help you thrive financially, from competitive loan rates to savings options designed with you in mind. Getting started is simple! You can find detailed eligibility criteria by visiting https://fedfinancial-cloud.lending360.com/accountopening/application?membershipanchorset=true#/membership. If you're ready to become a member, check out how easy it is to open an account at https://internetloanapplication.cudl.com/fedfinancial/. Our friendly team is here to assist you every step of the way, so feel free to reach out at (301) 881-5626 if you have any questions. We look forward to welcoming you into the Fedfinancial family!

Business Banking & Commercial Services

Loan Options for Your Business

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs. Although we currently have $0 in commercial loans for our members, we also recognize the importance of extending our support beyond membership. We're here to help you navigate your financial needs, whether you're looking to expand your operations or invest in new equipment.

Merchant Services That Make Sense

In addition to our loan offerings, we provide merchant services designed to streamline your payment processes. Imagine having a reliable partner that ensures your transactions are smooth and efficient, allowing you more time to focus on what you do best running your business. From credit card processing to online payments, our solutions adapt to meet the evolving needs of your enterprise. Visit us at 10903 New Hampshire Ave Bldg 2 Silver Spring Md 20903 or give us a call at (301) 881-5626 to learn more about how we can support your business journey!

Comprehensive List Of Services

Banking Made Easy

One of the key offerings at Fedfinancial is our ATM services. Members can access cash and manage their accounts easily, making everyday banking as simple as possible. Imagine being able to withdraw cash without the hassle of waiting in line during busy hours our ATMs provide that flexibility.

Digital Convenience

In today's fast-paced world, having easy access to your finances is crucial. At Fedfinancial, we understand this need, which is why we emphasize digital banking features that allow you to manage your account anytime, anywhere. Our online banking platform is user-friendly and designed for convenience, enabling you to check balances, transfer funds, and pay bills from the comfort of your home or on-the-go.

Get in Touch

Our friendly staff at Fedfinancial is always ready to assist you with any questions or concerns you might have. Feel free to reach out at (301) 881-5626 during our lobby hours from 8:00 a.m. to 5:00 p.m., Monday through Friday. If you're interested in becoming a member or learning more about our services, visit us online at https://www.fedfinancial.org/ or check out our membership eligibility page here. We look forward to welcoming you into the Fedfinancial family!

Member-Focused Approach

We believe in building lasting relationships with our members. Whether you're a first-time borrower or looking for new ways to save, our team is here to guide you through each step. While we currently focus on ATM services only, we are committed to expanding our offerings based on what our members want and need.

Digital & Online Banking

Key Features of Our Digital Banking Services

With our online banking services, you can enjoy the convenience of real-time account management. Check your balances, view transaction history, and transfer funds all from the comfort of your device. We also offer electronic signature authorization, making it quick and easy to sign documents without the hassle of printing or mailing. For those who prefer paperless options, e-statements are available, allowing you to receive your account statements electronically. This not only helps you stay organized but also contributes to environmental sustainability.

Mobile Convenience at Your Fingertips

Our mobile application enhances your banking experience with features like mobile payments and person-to-person transfers. Whether you need to pay a friend back for dinner or make a quick purchase, our app makes it simple and fast. Plus, with mobile payments, you can leave your wallet behind and use your smartphone instead. Security is a top priority for us. We ensure that all transactions through our online banking and mobile app are protected with robust security measures. You can bank confidently knowing that your personal information is safe. In summary, Fedfinancial offers a full suite of digital banking services that prioritize accessibility and ease of use. With 24/7 online banking available, managing your finances has never been more convenient. Join us today and experience how effortless banking can be!

Financial Strength

A Trusted Partner

Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Fedfinancial is your trusted partner. Visit us at 10903 New Hampshire Ave Bldg 2 Silver Spring Md 20903 or call (301) 881-5626 to learn more about how we can help you achieve your financial goals.

Commitment to Growth

With $6,436,531 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our $184 in used auto loans and $24,404,130 in total loans and leases demonstrate our commitment to supporting your financial goals across various sectors. Our $0 reflects our operational efficiency, enabling us to continue offering competitive loan rates and solid financial products for our members. We take pride in having 10 full-time employees and 0 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Secure Savings Options

Members' savings are secured through $12,393,651 in share certificates and $2,083,894 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.

Strong Financial Health

With a net worth of $6,488,422, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $867 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 $2,692,708 in used vehicle loans and $1,962,252 in new vehicle loans already helping members get on the road. Whether you're eyeing a reliable used car or a brand-new model, our flexible terms can help make your purchase more manageable.

Credit Lines

For those looking for additional flexibility in their finances, we offer credit lines totaling $4,000,000. This option allows you to have immediate access to funds when unexpected expenses arise or when you want to make a larger purchase without the burden of a fixed monthly payment.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $5,784,263, make buying or refinancing simple. We believe that owning a home should be an attainable goal for everyone, and our dedicated team is here to guide you through the process.

Refinancing Options

If you're considering refinancing your existing loans, our team can assist you in finding the best solutions tailored to your current financial situation. We aim to help you lower monthly payments or consolidate debts for easier management. At Fedfinancial, we're committed to providing personalized service and resources that cater to your unique needs. You can reach us at (301) 881-5626 for any questions or to discuss which loan options may work best for you. We're located at 10903 New Hampshire Ave Bldg 2 Silver Spring Md 20903 in Silver Spring, MD, ready to assist with all your lending needs. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Visit us today or explore our website at https://www.fedfinancial.org/ to learn more about how we can support your financial aspirations!

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $1,823,936 in loans helping members manage their finances effectively. These cards provide an excellent way to build credit while giving you access to funds when needed without the hassle of collateral.

Loan Aggregator

Finding the best loan rates can be overwhelming. LendMesh simplifies this process by providing real-time, unbiased comparisons of mortgage, auto, and personal loan rates from verified financial institutions. LendMesh ensures accurate loan comparisons by sourcing its data 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 commitment to transparency means users can trust that they are viewing fair and honest offers. One of the key benefits of using LendMesh is its focus on Verified Data. All loan offers are sourced from legitimate financial institutions, ensuring transparency in what users see. Additionally, LendMesh does not feature Sponsored Listings; lenders are not prioritized based on paid promotions. The goal here is simple: provide unbiased results that help users make informed decisions. With Real-Time Rate Comparisons, LendMesh updates its loan rates frequently. This helps users access up-to-date information from multiple institutions, allowing for well-informed choices about their borrowing options. Thousands of users trust LendMesh for their loan comparisons. One member shared: "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" Such testimonials highlight how effective and reliable the tool can be. Compare real-time loan offers today at LendMesh and find the best rates for your needs. *Disclaimer: Loan approvals and interest rates are subject to creditworthiness, income verification, and applicable federal and state regulations. Rates may vary based on financial institution guidelines.*

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