At State Department, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We are committed to maintaining a strong financial foundation that benefits you, our valued members. With a
net worth of $304,851,044, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our
net worth ratio of $1,051 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through
$740,344,947 in share certificates and
$592,744,079 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. With
$299,266,957 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity is robust: with
$11,184 in used auto loans and
$1,471,187,674 in total loans and leases, we support members' 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 also take pride in having
209 full-time employees and
1 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team. Net Shares (Funds available for lending and investments):
$7,262,860. Total Share Accounts:
193,352, showing a strong and growing member base that trusts us with their finances. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, State Department is your trusted partner. Visit us at Room B641 Washington Dc 20521 or call (703) 706-5010 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.