Transit Employees Credit Union Washington DC | Best Auto Loans & Business Banking

Introduction

Welcome to Transit Employees, your trusted financial partner located at 2440 Market St Ne Ste 901, Washington, DC 20018. Established in 1940, our credit union has grown to serve over 11,493 members, providing a solid foundation built on trust and community commitment. With total assets reaching an impressive $95,650,918 and total deposits of $8,556,346, we are dedicated to helping our members achieve their financial goals. At Transit Employees, we believe in putting people first. Our friendly team, led by CEO Rita Smith and Board President Alvin Richardson, is here to support you with a variety of services including personal banking, auto loans, mortgage refinancing, and business banking solutions. We take pride in our community involvement and work tirelessly to ensure that our members have access to the resources they need. While you can visit us at our branch location for all your banking needs, please note that any official correspondence should be sent to the same address: 2440 Market Street, NE, Ste 901, Washington, DC 20018. With a net worth of $18,299,486 and ample cash in hand totaling $2,324,748, you can trust that your finances are safe with us. Our robust loan offerings include over 14,141 loans and leases, tailored to meet your individual needs. We invite you to explore what Transit Employees has to offer! For questions or assistance, feel free to give us a call at 301-289-9800 or visit our website at tefcu.org. Join us as we continue to empower individuals and families within our community!

Branch History & Mission

Join Us

As we look toward the future, we invite you to become part of the Transit Employees family. Experience firsthand the benefits of membership whether it's competitive loan rates or personalized service tailored to your unique needs. Together, let's build a brighter financial future! Visit us today or explore more at tefcu.org.

Our Mission

At Transit Employees, our mission goes beyond just providing financial services; we aim to empower our community through education and support. We believe in fostering strong relationships with our members while promoting financial literacy. This commitment drives us to create programs that assist individuals in making informed financial decisions. Our dedication extends beyond banking. We actively participate in community outreach initiatives that strengthen ties within Washington, DC. These efforts reflect our belief that when our community thrives, so do we as a credit union. While members can visit us at 2440 Market St NE Ste 901, official correspondence should be sent to the same address for consistency. For any inquiries or assistance, feel free to reach us at 301-289-9800 during our operating hours: Monday, Tuesday, Thursday, and Friday from 8:30 AM to 4:30 PM; Wednesday from 8:00 AM to 4:30 PM; and Saturday from 8:30 AM to 12:30 PM.

Our Story

From humble beginnings, Transit Employees has always focused on supporting its members with personal banking solutions. Located at 2440 Market St NE Ste 901, Washington, DC 20018, our branch is easily accessible and conveniently positioned near local landmarks. Over the years, we have embraced change and innovation while staying true to our mission of helping individuals achieve their financial goals. As we grew, so did our offerings. We now provide a wide range of services including checking and savings accounts, auto loans, mortgages, personal loans, and credit cards with rewards. We also prioritize digital advancements by offering online banking options that make managing your finances easier than ever.

Branch Location & Accessibility

Welcome to Transit Employees! Located at 2440 Market St Ne Ste 901 Washington Dc 20018 in the vibrant heart of Washington, DC, our branch is designed with your convenience in mind. Just a stone's throw away from popular local spots, you can easily drop by to meet your banking needs. While members can visit us at 2440 Market St Ne Ste 901 Washington Dc 20018, official correspondence should be sent to our mailing address: 2440 Market Street, NE, Ste 901, Washington, DC 20018. We are committed to making banking accessible for everyone. Our location features ADA-compliant access, ensuring that all members can comfortably navigate our facilities. Parking is available nearby, so you won't have to worry about finding a spot when you come in. Our friendly staff is ready to assist you during our operating hours: Monday, Tuesday, Thursday, and Friday from 8:30 AM to 4:30 PM, Wednesday from 8:00 AM to 4:30 PM, and Saturday from 8:30 AM to 12:30 PM. Whether you're visiting for personal banking services like checking and savings accounts or looking into auto loans and credit cards, we have something for everyone. For those on the go, we offer ATM services right at our branch for easy cash withdrawals and balance checks. Unfortunately, we do not have drive-thru banking available at this location; however, our team is here to provide quick service inside. Feel free to reach out with any questions at (301) 289-9800. We invite you to stop by Transit Employees today your friendly neighborhood credit union awaits!

Member Eligibility

At Transit Employees, we believe that everyone deserves a chance to join a community that cares about their financial well-being. Becoming a member is not just about opening an account; it's about gaining access to a supportive network dedicated to helping you achieve your goals. To qualify for membership, you simply need to meet certain criteria, which typically includes being associated with specific employment groups or living in designated areas. If you want more details on eligibility, feel free to check out our website at . Joining us is easy! Once you know you're eligible, opening an account is just a few steps away. You can start the process online by visiting https://tefcu.symapp.jhahosted.com . If you have any questions or need assistance, don't hesitate to give us a call at (301) 289-9800. We're here to help you every step of the way as you take this important step towards financial empowerment!

Business Banking & Commercial Services

Merchant Services That Make Sense

In addition to loans, we offer merchant services designed to streamline your payment processes. Imagine running your business without the stress of managing transactions our services help you accept payments easily, ensuring you can focus on what you do best: serving your customers. Visit us at 2440 Market St Ne Ste 901 Washington Dc 20018 in Washington, DC, or call us at (301) 289-9800 to learn how we can partner with you on your business journey!

Tailored Loan Solutions

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $1 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $1 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $356,938, we continue to drive economic growth by financing new and expanding businesses.

Comprehensive List Of Services

Accessibility and Convenience

At Transit Employees, we know that life can get busy. That's why we focus on providing services that are both convenient and accessible. From online banking capabilities to basic ATM access for withdrawals and balance checks, we've made it easy for our members to manage their finances seamlessly. As a member of Transit Employees, you'll find that we're not just about transactions; we're about building relationships and supporting your financial journey. If you have questions or want more information about any of these services, please don't hesitate to reach out at 301-289-9800 or visit us at our branch located at 2440 Market St Ne Ste 901 Washington DC 20018. Explore how we can assist you today! Visit us online at tefcu.org or come see us in person we look forward to serving you!

Auto Loans & Vehicle Financing

Thinking about purchasing a new vehicle? We provide competitive Auto Loans and Vehicle Financing options that can help you hit the road without breaking the bank. With straightforward applications and quick approval processes, buying a car becomes less stressful and more manageable.

Business Banking Solutions

If you're a small business owner, we haven't forgotten about you! Our Business Banking services include essential tools like Merchant Services and various types of Business Loans tailored to help your business thrive.

Credit Cards with Rewards

For everyday purchases, consider our Credit Cards with Rewards program. This card not only gives you purchasing power but also earns rewards on what you spend making each transaction rewarding in more ways than one!

Home Financing Solutions

When it comes to making one of the most significant investments in your life your home we offer comprehensive Mortgage Loans & Refinancing options. Our team is here to guide you through every step, ensuring you understand all terms and conditions while helping you secure the best possible rate.

Personal Banking

We understand that managing your money effectively is essential. That's why we offer Checking and Savings Accounts designed for convenience and flexibility. Imagine easily accessing your funds through our Online & Mobile Banking services, allowing you to check balances, pay bills, and transfer money from anywhere at any time. You can also enjoy the benefits of ATM & Cash Withdrawal Services, ensuring you have access to your cash when needed.

Personal Loans & Debt Consolidation

If you're considering consolidating debt or need extra cash for personal expenses, our Personal Loans can provide the financial support you need. This service helps simplify payments and potentially lower interest rates, making it easier to manage your finances.

Digital & Online Banking

Key Services

With our online banking services, you can easily check balances, pay bills, and transfer money with just a few clicks. If you need to send money quickly to a friend or family member, our person-to-person transfer feature makes it simple and fast. Plus, if you're always on the move, you'll appreciate our mobile application that keeps your banking at your fingertips. Keeping track of your statements is hassle-free with e-statements available for all members. You can view your account activity anytime without waiting for paper copies in the mail. And while we currently do not support electronic signature authorization or mobile payments, we are committed to providing a secure experience for all your transactions.

Security and Ease of Use

Your security is our top priority. Our online banking services incorporate advanced security measures to protect your personal information and transactions. You can manage your accounts in real time without worrying about unauthorized access. We believe that banking should be straightforward and accessible for everyone. With features designed to simplify financial management, Transit Employees empowers you to take control of your finances effortlessly. Join us today and discover how easy banking can be!

Financial Strength

Commitment to Growth

With $9,198,527 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 evident with $1,174 in used auto loans and $44,183,826 in total loans and leases supporting our members' financial goals across various sectors.

Member Savings and Investments

Your savings are secured through $22,803,071 in share certificates and $3,143,960 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

Our operational efficiency is reflected in our $0, which enables us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 24 full-time employees and 0 part-time employees who are always ready to serve you with a knowledgeable, committed team.

Our Financial Health

With a net worth of $18,299,486, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,912 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Strong Member Base

Total Share Accounts stand at 20,684, showcasing a strong and growing member base that trusts us with their finances. Our net shares available for lending and investments amount to $3,210,924, further underscoring our commitment to supporting your financial journey. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Transit Employees is your trusted partner. Visit us at 2440 Market St Ne Ste 901 Washington Dc 20018 or call (301) 289-9800 to learn more about how we can help you achieve your financial goals.

Loan Offering

Additional Financing Options

For business owners, our outstanding commercial loans totaling $356,938 provide the capital needed to grow and expand. If you're looking for personal loans or debt consolidation options, we can assist with those too our goal is to support you in achieving financial stability and success. If you're interested in refinancing any existing debts or exploring eligibility options, our team can guide you through these processes as well. Feel free to reach out at (301) 289-9800 for any inquiries or to schedule an appointment. We're here to help you discover the right loan product for your situation. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. Come visit us at Transit Employees, where your financial journey begins!

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $3,726,949 in used vehicle loans and $1,433,625 in new vehicle loans already helping members get on the road. We provide financing solutions that fit your budget, whether it's a brand-new model or a reliable used vehicle.

Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $603,324 in loans helping members manage their finances effectively. Our credit cards come with competitive rates and benefits designed to help you maximize your spending power while keeping your finances in check.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $0, make buying or refinancing simple. We know that purchasing a home is one of the biggest financial decisions you'll ever make, and we aim to make this process as smooth as possible.

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. With a focus on transparency and reliability, LendMesh ensures that users have access to accurate information when making important financial decisions. Loan data on LendMesh is sourced 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 ), ensuring fair and transparent offers. This means you can trust that the loans listed are legitimate and adhere to established guidelines for consumer protection. One of the key benefits of using LendMesh is its commitment to verified data. All loan offers are sourced from recognized financial institutions, which guarantees transparency in the options available to you. Additionally, LendMesh does not prioritize lenders based on paid promotions our goal is to provide unbiased results. This approach allows users to make informed decisions without the influence of advertising. LendMesh also provides real-time rate comparisons from multiple institutions, which helps users quickly identify the best loan options available. 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!" If you're ready to explore your loan options without the hassle of sifting through misleading advertisements or outdated information, 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.*

TRANSIT EMPLOYEES FEDERAL CREDIT UNION - Washington, DC