Lafayette Credit Union Kensington MD | Affordable Vehicle Loans & Business Banking

Introduction

Welcome to Lafayette at the Kensington Financial Service Center, your trusted partner in financial well-being, located at 3535 University Blvd W, Kensington, MD 20895. Since our establishment in 1935, we have been dedicated to serving our community with integrity and commitment. With a strong membership base of over 58,462 individuals, we are proud to support you in achieving your financial goals. At Lafayette, our total assets have reached an impressive $2,048,751,096, reflecting our stability and dedication to providing exceptional services. We currently manage $325,722,725 in deposits, ensuring that your hard-earned money is secure with us. Our CEO, John Farmakides, and Board President, Nathan 'Gus' Siekierka, lead a team of 206 employees who are passionate about making banking easier and more accessible for everyone. With a wide range of services from personal banking options like checking and savings accounts to auto loans and business financing we are here to meet your needs. We also pride ourselves on our robust loan offerings with a total of 44,931 loans and leases, helping members finance their dreams and aspirations. While you can visit us at our branch address for all your banking needs, please note that official correspondence should be directed to our mailing address: 3535 UNIVERSITY BLVD W., KENSINGTON, MD 20895. Whether you're looking to open a new account or need assistance with an existing one, don't hesitate to reach out! You can contact us at 301-929-7990 during our operating hours: Monday through Friday from 8:30 AM to 4:00 PM and Saturday from 9:00 AM to 12:00 PM. Explore our services online at Lafayette's website for more information or to start your journey with us today!

Branch History & Mission

At Lafayette, we take pride in our rich history and our unwavering commitment to the community. Established in 1935, our Kensington Financial Service Center has been a cornerstone of financial support for generations. Located at 3535 University Blvd W, Kensington, MD 20895, we serve not just as a banking institution but as a trusted partner in achieving the financial goals of our members. Since our inception, Lafayette has grown alongside the community we serve. Today, we proudly boast a total membership of over 58,000 individuals who trust us with their financial needs. With total assets reaching an impressive $2,048,751,096, we have continually adapted to meet the changing demands of our members while maintaining our core values of service and integrity. Our mission is clear: to empower our members through personalized financial services while fostering a spirit of community support and engagement. We offer a wide range of products including personal banking options like checking and savings accounts, auto loans, mortgage financing, and credit cards with rewards. Our goal is to provide accessible and meaningful financial solutions that help our members thrive. While members can visit us at 3535 University Blvd W Kensington Md 20895, official correspondence should be sent to 3535 UNIVERSITY BLVD W., KENSINGTON, MD 20895. We also recognize the importance of convenience in today's fast-paced world. That's why we offer online and mobile banking services so that you can manage your finances anytime, anywhere. With ATM availability ensuring easy access to your funds and supportive customer service during our operating hours from Monday to Friday between 8:30 AM and 4:00 PM and Saturday from 9:00 AM to 12:00 PM we strive to make banking simple and efficient. Lafayette is dedicated to not only providing top-notch financial services but also actively participating in community outreach efforts. We believe in building strong partnerships within Kensington and surrounding areas by supporting local events and initiatives aimed at enhancing the quality of life for all residents. Join us at Lafayette! Experience firsthand how we can help you achieve your financial dreams while being part of a community-focused credit union that truly cares about its members. Together, let's build a brighter future for everyone!

Branch Location & Accessibility

Accessibility Features

At Lafayette Credit Union, we prioritize accessibility for all our members. Our branch is ADA compliant, ensuring that everyone can easily access our services. Ample parking is available nearby, so you won't have to worry about finding a spot when you come by.

Banking Services

Our branch offers a variety of services designed to meet your financial needs. From personal banking options like checking and savings accounts to auto loans and mortgage refinancing, we've got you covered. You can also take advantage of our convenient ATM services right here at the branch.

Call to Action

If you have questions or need assistance, don't hesitate to give us a call at 301-929-7990! We invite you to visit us soon and discover how Lafayette Credit Union can help you achieve your financial goals. Your journey towards better banking starts here!

Operating Hours

We understand that life can get busy! That's why we offer flexible banking hours to fit your schedule. Our lobby is open from 8:30 AM to 4:00 PM Monday through Friday and from 9:00 AM to 12:00 PM on Saturdays. Whether you're looking to open an account or inquire about loans, we're ready to assist you during these hours.

Member Eligibility

Becoming a member of Lafayette is like joining a family that genuinely cares about your financial well-being. Located at 3535 University Blvd W Kensington Md 20895, we welcome individuals who live, work, worship, or attend school in our community. If you share our values and want to enjoy the benefits of personalized service and community support, you're already on the right path! Joining us not only opens up access to a range of financial products but also connects you with a network dedicated to helping you achieve your goals. To learn more about the specific eligibility criteria, feel free to visit our website at https://www.lfcu.org/personal/services/membership-benefits/ . It's easy to become a member, and if you're ready to take the next step in opening an account or have any questions, just give us a call at (301) 929-7990. We're here to help you every step of the way!

Business Banking & Commercial Services

Merchant Services That Matter

Imagine running your operations with ease, knowing you have robust merchant services at your fingertips. Our services simplify payment processing, making it easy for you to accept various payment methods from your customers. This not only enhances their experience but also boosts your sales potential. Located conveniently at 3535 University Blvd W Kensington Md 20895, Kensington, MD, we are here to help you navigate the financial landscape. Reach out to us at (301) 929-7990 to discover how we can partner with you on your journey toward success.

Tailored Loan Solutions

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $136 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $9 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $57,144,431, we continue to drive economic growth by financing new and expanding businesses.

Comprehensive List Of Services

Auto Loans & Vehicle Financing

Need a new car? Our Auto Loans & Vehicle Financing services make it simple. We offer competitive rates that help you drive away in the vehicle you want without breaking the bank. Picture yourself on the road with a reliable vehicle, all while knowing you made a smart financial choice.

Business Banking

For entrepreneurs, we offer comprehensive Business Banking solutions, including Merchant Services & Business Loans. You can focus on growing your business while we handle the financial side of things. Think about how much easier running your business could be with support from experts who understand your needs.

Credit Cards with Rewards

Our Credit Cards with Rewards allow you to earn points for everyday purchases. Whether it's cashback on groceries or travel rewards, this card can help turn your spending into savings or experiences.

Digital Banking Features

In today's fast-paced world, convenience is key. That's why we offer robust Online & Mobile Banking options, allowing you to manage your accounts anytime, anywhere. You can pay bills, transfer money, and even use our ATM services for cash withdrawals and balance checks all from your smartphone. At Lafayette, we strive to deliver financial services that are not only comprehensive but also user-friendly and accessible. With our dedicated team ready to assist you at every turn, banking has never been easier. If you'd like more information about any of these services or have questions about how we can assist you further, don't hesitate to reach out at (301) 929-7990. We're here to help! Visit us at our branch in Kensington, or check out our website at Kensington Financial Service Center today!

Mortgage Loans & Refinancing

Buying a home is one of the biggest decisions you'll make. Our Mortgage Loans & Refinancing options are tailored to assist first-time buyers and seasoned homeowners alike. We guide you through every step, ensuring you find the right loan that fits your budget and goals.

Personal Banking

Whether you're looking to open a checking account or save for the future, our Personal Banking options have you covered. With various Checking & Savings Accounts, you can choose what best fits your lifestyle. Imagine having the flexibility to manage your day-to-day expenses while also saving for that dream vacation or home.

Personal Loans & Debt Consolidation

If you're facing unexpected expenses or want to consolidate debt, our Personal Loans & Debt Consolidation services provide flexible solutions to help you regain control of your finances. Imagine easing the burden of multiple payments into one manageable monthly payment.

Digital & Online Banking

Key Features

Our online banking experience includes helpful features like e-statements, which make it easy to track your finances while going green. You'll love the convenience of receiving all your statements electronically, ensuring you have quick access without the clutter of paper documents. For those on the go, our mobile application is a must-have. It allows you to handle everyday transactions right from your smartphone. Plus, with mobile payments enabled, making purchases has never been simpler just tap and go! Need to send money to a friend? Our person-to-person transfer feature makes it easy to send funds quickly and securely without needing cash or checks. At Lafayette, we prioritize your security as much as we value convenience. With our robust electronic signature authorization process in place, you can confidently conduct business from home or on the move. Ready to take control of your finances? Join us at Lafayette and experience hassle-free banking with our digital solutions tailored for you!

Financial Strength

Commitment to Growth

With $220,895,669 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 members' financial goals across various sectors with $549 in used auto loans and $1,596,949,007 in total loans and leases.

Growing Community Trust

Total Share and Deposit Accounts: 124,552, showing a strong and growing member base that trusts us with their finances. Net Shares (Funds available for lending and investments): $222,749,118. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Lafayette is your trusted partner. Visit us at 3535 University Blvd W Kensington Md 20895 or call (301) 929-7990 to learn more about how we can help you achieve your financial goals.

Member Savings and Investments

Members' savings are secured through $903,027,023 in share certificates and $3,327,501 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $320,641,000, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Operational Efficiency

Our $0 reflects our operational efficiency, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 203 full-time employees and 3 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Our Financial Health

With a net worth of $283,219,457, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,359 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 $11,690,907 in used vehicle loans and $6,671,391 in new vehicle loans already helping members get on the road. Our flexible terms make it easy for you to choose a plan that fits your budget.

Business Financing

For business owners, our outstanding commercial loans totaling $57,144,431 provide the capital needed to grow and expand. We understand the challenges businesses face and are here to support your journey. If you're considering refinancing or want to learn more about eligibility options for any of these loan products, feel free to reach out. You can contact us at 301-929-7990 during our operating hours from Monday to Friday from 8:30 AM to 4:00 PM and Saturday from 9:00 AM to 12:00 PM. 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 toward achieving your financial aspirations!

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $254,604,518, make buying or refinancing simple. We provide competitive rates and personalized service to guide you through the process.

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $5,508,853 in loans helping members manage their finances effectively. Our credit cards come with rewards that can benefit your everyday spending while providing peace of mind with easy-to-understand terms.

Loan Aggregator

Benefits of Using LendMesh

Verified Data: Loan offers are sourced from legitimate financial institutions, ensuring transparency. Users can trust that they are comparing genuine rates without any manipulation. No Sponsored Listings: LendMesh does not prioritize lenders based on paid promotions our goal is to provide unbiased results. This means that every loan offer is presented equally, allowing users to make informed choices based solely on their needs. Real-Time Rate Comparisons: Up-to-date loan rates from multiple institutions help users make informed decisions quickly. By providing real-time updates, LendMesh empowers individuals to act confidently when selecting their loans. Thousands of users trust LendMesh for loan comparisons. One member shared: "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" This testimonial highlights how LendMesh has made a tangible difference in the lives of its users. 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.

LAFAYETTE FEDERAL CREDIT UNION