Business Details
50+ Years
experience
Your Trusted Partner for Financial Solutions in Washington, DC
Transit Employees Federal Credit Union (TEFCU) was founded in 1940 by five Capital Transit Company employees who pooled resources to provide low-interest loans to members. Over 80 years, we've maintained our cooperative philosophy while expanding through strategic mergers with Railway Employees Federal Credit Union and Hospitality Community Federal Credit Union. Our field of membership now includes select employee groups across the Washington, DC metropolitan area. We prioritize member ownership, offering competitive loan rates, personalized financial products, and educational resources to help members navigate life's financial journey.Our community involvement includes school supply drives, food assistance programs, and toy collection initiatives. With dual insurance coverage up to $500,000 through NCUA and ESI, we ensure member funds are protected. Our history of service, combined with modern digital banking solutions, positions us as a trusted financial partner for individuals and businesses in our community.
Services
Checking Accounts
Savings Accounts
Auto Loans
Mortgage Loans
Credit Cards
Online Banking
Mobile Banking
Wire Transfers
Bill Pay
Certificate Programs
Details
- Year established: 1940
Highlights and features
- We've served Washington, DC communities for over 80 years with member-focused financial solutions
- Our dual insurance coverage protects deposits up to $500,000 through NCUA and ESI
- We offer competitive loan rates including 4.99% APR auto loans and 7.99% APR signature loans
- 24/7 digital banking services with mobile check deposit and person-to-person transfers
- Community involvement through school adoptions, food drives, and financial education programs
Associations and certifications
- NCUA
- American Share Insurance (ESI)
Services
Share Certificates
Our Share Certificates offer guaranteed returns with terms from 6 months to 5 years. Competitive rates up to 1.50% APY provide secure growth for your savings. Members benefit from flexible options including special promotions like our FUSE Share Certificate rate matching program.
Auto Loans
We provide competitive auto loans with rates as low as 4.99% APR for qualified borrowers. Our Drive Now, Pay Later program offers 60-day payment deferment. Loans are available for new and used vehicles through dealerships or refinancing existing loans.
Online Banking
Our 24/7 online banking platform allows account management, bill payments, fund transfers, and loan applications. Features include account aggregation, e-statements, and secure messaging. Mobile banking adds convenience with check deposit and real-time alerts.
Credit Cards
We offer multiple Visa credit card options including Classic, Secured, and Business cards. Features include no annual fee options, competitive APR rates, and rewards programs. Cardholders benefit from fraud protection and account alerts.
Mortgage Loans
Our mortgage lending services include conventional loans and home equity lines of credit. Competitive rates and personalized service support home purchases, refinancing, and equity access. We offer specialized programs like our Go Green mortgage initiative.
Questions
How can I become a TEFCU member?
You can join if you work for one of our Select Employee Groups or are a family member of an eligible employee.
What loan products do you offer?
We provide auto loans with rates as low as 4.99% APR, signature loans starting at 7.99% APR, mortgages, and home equity lines.
Are my deposits insured?
Yes, your funds are insured up to $500,000 through NCUA and Excess Share Insurance (ESI).
Do you have mobile banking options?
We offer 24/7 mobile banking with check deposit, account transfers, and secure messaging features.
What community services do you support?
We sponsor school adoptions, food drives, and toy collection programs in the Washington, DC area.
What fees should I expect?
Common fees include $5/month for low balances, $30 overdraft fees, and $35 for returned checks. View our full fee schedule online.
Reviews (6)
Mr. Heshallappear Dew
Dec 06, 2021
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This banking institution sucks Theyll let random people take money out of your account, let withdrawals from random people of checks withdrawals and never give you the information. And dont let you be paying child support and be in good standings, they will not approve you for a loan. I had a loan there for 4 years on my truck and as soon as I got on child support they denied me financing on a new car . I literally hate this bank.
Courtney Williams
Dec 03, 2021
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I've been waiting on a replacement card since 11/1/2021 I still haven't received everytime I call to check status it put me in queue for 10-12 minutes then after holding I have to leave a message for call back please avoid banking here !!!!!!!!!!
Kenyatta Lynch
Oct 20, 2021
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This is the worst credit union I've ever came across....They give you no time to put money in your account if you overdrawn it can be for $1.97 they will quickly add $35...The manager don't have a clue....I closed my accounts so fast...Think twice before you use this bank...they help you with nothing...omg don't try and dispute anything on your account you will not get your money back they don't work for you
Ryan Walters
Sep 05, 2021
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The worst credit union on this planet. You can't reach the branch, the third party that they use for the call center is worthless, and the overall quality of service has a cheap feel. I've had my direct deposit going here since I started working, and just haven't moved it over to my other credit unions because of the hassle. That ends now.
Tina Buckhalter
Sep 04, 2021
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If I could give this bank 0 stars I would. The worse bank out there my husband savings account has been on hold for a year now and no one at the bank knows anything also he was deployed to Cuba and he was issued another card but to speed up his funds he decided to do a transfer to his BOA account that was Friday morning it is now Thursday. All anyone keeps telling him is that someone will call him back in a hour and after 2 full days no call backs. This bank is incompetent and does not know what theyre doing. He will no longer use this bank!
Kbatson
Aug 21, 2021
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A year later I comeback to just get a new card. There is only one person working and they have been with the customer the entire time. Another person is at a desk sleep and al I need is. New card which take 5 min, another person came in with food went straight to the back and yet I've been here for 30 minutes and still no help. They are always over drawing my account when I didnt overdraw it. They're app is never updated with recent transactions and never displays real time account balances. When you call in to inquire about your account they will not honor any request even when they are in the
