Business Details
50+ Years
experience
Your Trusted Partner for Federal Financial Services
Fed Choice Federal Credit Union has been a trusted financial partner for federal employees and their families for nearly nine decades. Founded with a commitment to provide accessible, member-focused banking solutions, we specialize in tailored financial products including savings and checking accounts, auto loans, mortgages, credit cards, and retirement planning services. Our deep understanding of federal employees' unique needs allows us to offer specialized programs like FedAssist for government workers and FedPerks loyalty benefits. With physical locations in Lanham, Brentwood, and Philadelphia, plus 24/7 digital banking capabilities, we combine personalized service with modern convenience. Our NCUA-insured accounts and community-driven mission reflect our dedication to financial education and local empowerment through initiatives like the FedChoice Charitable Foundation.By maintaining competitive rates on loans and deposits while prioritizing member satisfaction, we've built a reputation as a reliable, ethical institution that puts people before profits. Our team of financial experts works tirelessly to ensure every member receives customized guidance, whether they're first-time homebuyers, federal retirees, or small business owners. Through partnerships with organizations like GreenPath Financial Wellness, we provide educational resources that help members achieve long-term financial stability. As we celebrate our 90th anniversary, we remain committed to evolving with our members' needs while upholding the core values of transparency, integrity, and community service that have defined us since 1935.
Services
Savings Accounts
Checking Accounts
Auto Loans
Mortgage Loans
Credit Cards
Personal Loans
Home Equity Loans
Student Loans
Retirement Planning
Financial Education
Details
- Year established: 1935
Highlights and features
- We've served federal employees exclusively since 1935 with tailored financial programs.
- Our FedPerks loyalty program offers exclusive member benefits and discounted rates.
- We maintain competitive APRs on auto loans, mortgages, and credit cards.
- Our partnership with GreenPath provides free financial education resources.
- The FedChoice Charitable Foundation supports financial literacy in underserved communities.
Associations and certifications
- National Credit Union Administration (NCUA)
Services
Auto Loans
FedChoice offers competitive auto loans with APRs starting at 4.75% for new vehicles and 5.75% for used cars. Our specialized programs include CARFAX reports and GAP protection to ensure worry-free vehicle purchases. Federal employees benefit from streamlined approval processes and exclusive rate discounts.
Mortgage Loans
We provide comprehensive mortgage solutions including conventional, adjustable-rate, and jumbo mortgages with APRs starting at 4.75%. Our FedChoice 100 program offers special benefits for first-time homebuyers, while reverse mortgages help retirees maximize their home equity.
Credit Cards
Our credit card portfolio features 2% cash back rewards, platinum rewards, and secured options for building credit. Cardholders enjoy zero liability protection and exclusive merchant discounts through the Visa network.
Savings Accounts
From basic share savings to high-yield money market accounts, we offer FDIC-insured options with competitive rates. Specialized accounts like Holiday Club and Coverdell Education Savings help members achieve specific financial goals.
Financial Education
Through partnerships with GreenPath and our own Charitable Foundation, we provide free webinars, debt management plans, and financial literacy programs. These resources help members build budgeting skills and long-term wealth strategies.
Questions
How can federal employees join FedChoice?
Federal workers can join online or at any branch by providing employment verification and opening a share savings account with $25.
What loan types are available?
We offer auto loans, mortgages, home equity loans, personal loans, credit cards, and student loans with competitive rates for federal employees.
Are there mobile banking options?
Yes, our mobile app provides 24/7 account access, bill pay, mobile check deposit, and real-time transaction alerts.
Do you offer financial counseling?
We provide free financial education resources through GreenPath partnerships, including debt management and budgeting guidance.
What are current deposit rates?
Current rates for savings, checking, and certificates are updated monthly and available on our website or by contacting our Lanham branch.
Reviews (5)
David Fegan
Nov 22, 2020
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Old retired guy here. Been a member since 1973. Haven't actually set foot in the place for years. But, I have stayed a member because I have gotten consistently good service.
G. Allen
Jan 31, 2020
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So my debit card had fraudulent activity so i call and of course they have the worst after hours help. So after going back and forth with a automated system i finally got a actual person. So finally i got them to freeze my card and then they tell me 7-10 days to get another card.( Wow 7-10 days)... Fedchoice is so outdated .. the online app is pointless can do anything on it.
Tyisha Fennell
Dec 10, 2019
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I hate this bank. Once my loan is finished Im closing everything. I will NEVER EVER EVER EVER EVER recommend them. Back in September before my birthday. I needed a new card and they said it would take 7 to 10 business days to get it. It had been over 17 days I still hadnt received my card but only received my PIN number which came 16 days late. I called and asked for it to b over nighted and was told NO they don't provide that service. I'm fed up with Fed Choice I'm taking my money to navy Federal. Now it December and I just got my card and guest what. I can not activate the card cause its
Nicolle Boyd
Dec 09, 2019
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This rating is for their mobile deposit. There was a software glitch in it that withdrew funds from my parents account and left them with a zero balance. I spent a week calling them and one guy said he would call me back and never did to try and help me with my issue. If you use mobile deposit, I would only do it for small checks like $100 or so.
Scott Pennington
Nov 22, 2019
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Been a member going on two years, and they're fantastic. I didn't need it, but they offered very low rate loans during the shutdown. Frump shut gov down for over a month, with two missed pay days, and FedChoice was there saying we'll loan you a paycheck. That meant a lot. They're a good CU.
