Lafayette Credit Union Rockville MD | Best Auto Loans & Business Banking

Introduction

At Lafayette, we believe that banking should be more than just numbers; it should be about building a community and supporting each other. Located at 2701 Tower Oaks Blvd, Rockville, MD 20852, our branch is dedicated to serving you with personalized financial solutions tailored to your needs. With over 57,500 members and a strong commitment to the community since our establishment in 1935, we pride ourselves on being a trusted partner for your financial journey. Our total assets of $2,021,847,179 reflect our stability and growth over the years, while our total deposits of $301,266,246 show that our members trust us with their savings. Whether you are looking for a new auto loan or need assistance with personal banking services, Lafayette is here for you. We currently have 21 dedicated employees ready to help you navigate your financial goals. Under the leadership of CEO John Farmakides and Board President Nathan 'Gus' Siekierka, we strive to create a welcoming environment where your voice matters. Our team is committed to providing exceptional service and ensuring that all our members feel valued. While members can visit us at our branch location, official correspondence should be sent to the same address: 2701 Tower Oaks Blvd, Rockville, MD 20852. If you're interested in becoming part of our growing family or learning more about what we offer, don't hesitate to reach out! Call us at 301-929-7990 or explore our website at www.lfcu.org. Join us today and experience the Lafayette difference where you're not just a member; you're part of our community!

Branch History & Mission

Join Us

As we continue our journey into the future, we invite you to become part of the Lafayette family. Experience the benefits of membership today by visiting us at our Rockville branch or exploring more about what we offer online at Lafayette's website. Whether you're looking for a new checking account or seeking financing options for a vehicle or home, we're here to help you achieve your financial goals. Join us in building a brighter future together! If you have any questions or need assistance, don't hesitate to reach out at 301-929-7990.

Our Evolution

Since opening our doors, Lafayette has continuously evolved to meet the changing needs of our members. From humble beginnings, we have expanded our offerings to include a wide range of services such as personal banking accounts, auto loans, mortgage financing, and credit cards with rewards. Each step of our growth reflects our commitment to enhancing the financial well-being of those we serve. We understand that every member's financial journey is unique, and we strive to offer tailored solutions that support their goals. Our branch is conveniently situated near local landmarks, making it easy for you to visit us during our operating hours from 8:30 AM to 4:00 PM Monday through Friday. While you can visit us at 2701 Tower Oaks Blvd for all your banking needs, please note that official correspondence should be sent to the same address as our mailing address.

Our Mission

At Lafayette, our mission is clear: we aim to empower our members through education and access to financial resources while giving back to the communities we serve. We believe that strong communities are built on solid financial foundations. That's why we actively engage in community outreach initiatives and partnerships that support local organizations and events. In addition to providing exceptional financial services, we embrace digital advancements that enhance your banking experience. With features like online banking and mobile payments available, managing your finances has never been easier or more convenient. We are also committed to accessibility for all members by ensuring compliance with ADA standards.

Branch Location & Accessibility

Accessibility Features

At Lafayette, we prioritize accessibility for all our members. Our branch is fully ADA compliant, ensuring everyone can comfortably navigate our space. Ample parking is available right outside the entrance, making your visit hassle-free.

Get in Touch

Have questions or want to know more about what we can offer? Don't hesitate to give us a call at 301-929-7990. We invite you to come by and see how we can help you meet your financial goals!

Operating Hours & Services

We're here for you Monday through Friday from 8:30 AM to 4:00 PM. Whether you're looking to open a new checking account or explore loan options, our friendly staff is ready to assist you with personal banking services like auto loans, mortgages, and credit cards that offer rewards. For those who prefer cash transactions, we have an ATM available on-site for quick withdrawals and balance checks. Unfortunately, we do not currently offer drive-thru banking or shared service center availability.

Member Eligibility

At Lafayette, we believe that everyone deserves a chance to thrive in a welcoming community. Becoming a member is easy and opens the door to a variety of financial services tailored just for you. If you live, work, worship, or attend school in our local area, you're likely eligible to join us! We also welcome family members of existing members, creating a sense of belonging that extends beyond just finances. For more detailed eligibility information, feel free to check out our website at https://www.lfcu.org/personal/services/membership-benefits/ . Joining Lafayette means gaining access to personalized banking solutions that fit your lifestyle from checking and savings accounts to loans and credit cards with rewards. Plus, our friendly team is here to assist you every step of the way. Ready to take the next step? You can easily open your account online by visiting https://www.lfcu.org/apply-for-a-loan/ or give us a call at (301) 929-7990 if you have any questions. We can't wait for you to be part of our community at 2701 Tower Oaks Blvd Rockville Md 20852!

Business Banking & Commercial Services

Practical Merchant Services

In addition to loans, we offer comprehensive merchant services designed to simplify everyday transactions for your business. Picture this: you just wrapped up a busy day serving customers and need an efficient way to handle payments. Our merchant services allow you to process credit card transactions seamlessly, ensuring you get paid quickly while offering your customers convenience. Located at 2701 Tower Oaks Blvd Rockville Md 20852 in Rockville, MD, we're here to help you thrive. For more information or assistance, give us a call at (301) 929-7990. Let's work together to turn your business vision into reality!

Supporting Business Growth

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $134 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $8 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $61,687,307, we continue to drive economic growth by financing new and expanding businesses.

Comprehensive List Of Services

Auto Loans & Vehicle Financing

Planning to buy a new car? Our auto loans provide competitive rates and flexible terms so you can drive away with confidence. We make vehicle financing straightforward, ensuring that you have the support needed to make an informed decision.

Business Banking

If you're running a business or planning to start one, we provide comprehensive business banking services. Our merchant services and business loans are designed to support entrepreneurs at every stage of their journey.

Convenient Access

With ATM services available at Lafayette, accessing cash has never been easier. You can make withdrawals and check balances without hassle. Plus, our mobile payment options let you manage transactions directly from your smartphone. Our commitment extends beyond offering services; it's about building relationships with our members. We invite you to visit us at 2701 Tower Oaks Blvd Rockville Md 20852 in Rockville, MD, or give us a call at (301) 929-7990 to learn more about how we can assist you with all your financial needs. Experience the difference at Lafayette, where your financial wellness is our priority!

Credit Cards with Rewards

Make the most out of your spending with our credit cards that offer rewards on everyday purchases. From cashback offers to travel points, you'll find great benefits tailored just for you.

Mortgage Loans & Refinancing

If buying your own home is on your list, consider our mortgage loans that cater to first-time buyers and seasoned homeowners alike. Should you already own a home but want to lower your monthly payments or tap into equity, our refinancing options can help you achieve those goals.

Personal Banking

We offer various personal banking options, including checking and savings accounts designed to fit your lifestyle. Imagine having easy access to your funds whenever you need them! With our online and mobile banking features, you can check balances, transfer money, and pay bills from the comfort of your home or on the go.

Personal Loans & Debt Consolidation

Need extra cash for unexpected expenses or want to simplify your monthly payments? Our personal loans are perfect for debt consolidation or any financial need you may have. We work closely with you to create a plan that fits within your budget.

Digital & Online Banking

Key Features

One standout feature is our mobile application, which brings banking right to your pocket. With just a few taps, you can make person-to-person transfers effortlessly. Need to send money to a friend? No problem! Our app supports this feature, making it quick and easy for you to split bills or send gifts. For those who prefer paperless options, we provide e-statements that allow you to view your account statements online whenever it suits you. This not only helps keep your information secure but also keeps your inbox tidy. Security is always a priority at Lafayette. Our online banking platform uses advanced encryption technology, ensuring that your personal information remains safe from prying eyes. While we do not currently support electronic signature authorization for transactions, rest assured that all other features are designed with user-friendliness and safety in mind. Additionally, our mobile payments feature lets you make purchases quickly and securely without the need for cash or cards. Just tap your phone and go! With these tools at your disposal, managing your money has never felt more accessible or secure. Join us at Lafayette and take advantage of our innovative digital banking services today!

Financial Strength

Commitment to Innovation

With $222,426,845 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our commitment to supporting your financial journey is reflected in our lending capacity of $1,591,038,699, which includes $542 in used auto loans tailored to meet various needs.

Efficiency and Reliability

Our operational efficiency is highlighted by our $0, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 216 full-time employees and 1 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Growing Member Trust

Total Share Accounts stand at 129,472, showcasing a strong and growing member base that trusts us with their finances. Additionally, net shares available for lending and investments total $246,301,361, further enhancing our ability to support your financial goals. 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 2701 Tower Oaks Blvd Rockville Md 20852 or call (301) 929-7990 to learn more about how we can help you achieve your financial goals.

Secure Savings for Members

Members' savings are secured through $864,310,140 in share certificates and $3,103,532 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $311,764,000, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Solid Financial Health

With a net worth of $266,471,049, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,306 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 $11,716,582 in used vehicle loans and $6,470,896 in new vehicle loans already helping members get on the road. Whether you're looking for a new or used vehicle, we have financing solutions that fit your budget.

Business Loans

For business owners seeking growth opportunities, our outstanding commercial loans totaling $61,687,307 provide the capital needed to expand operations or invest in new projects. At Lafayette, we are committed to offering you personalized services and support throughout the borrowing process. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov based on the latest results. Explore our loan products today and see how we can help you meet your financial objectives!

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $283,009,020, make buying or refinancing simple. We provide various refinancing options to ensure that your mortgage meets your current financial situation and future plans.

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $5,279,555 in loans helping members manage their finances effectively. These cards come with competitive interest rates and rewards programs that can benefit your everyday spending.

Loan Aggregator

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LAFAYETTE FEDERAL CREDIT UNION