Credit union · NCUA insured
FRB Federal Credit Union
Top CarrotA $124.2M credit union headquartered in Washington, DC, with 5,709 members and 2 branches in 2 states. Best rates: CDs 4.08% and savings 0.30% APY.
FRB Federal Credit Union Carrot Score
Carrot ScoreTop Carrot
Higher than 96% of U.S. banks and credit unions
#9 of 105 in Washington, DC-VA-MD-WV metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About FRB Federal Credit Union
FRB Federal Credit Union is headquartered in Washington, DC.
- Headquarters
- Board of Governors of the Federal Reserve System, 2001 Constitution Avenue, NW, Washington, DC 20551
- NCUA charter
- 320
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Employers and groups
- Membership is open to employees of contractors for the Federal Reserve System.
- Membership is open to employees of the credit union.
Military, government and schools
- Membership is open to current and retired members, officers, and employees of the Federal Reserve Board.
- Membership is open to current and retired employees of Federal Reserve Banks.
- Membership is open to officers and employees of the Bureau of Consumer Financial Protection.
Family and household
- Membership is open to immediate family members (spouses, parents, children, siblings, grandparents, grandchildren, adoptive children, stepchildren, domestic partners) or permanent household members of eligible members who qualify directly and were not sponsored themselves.
1 more way to join
Other ways
- Membership is open to organizations of eligible members.
Branches
2 branches in 2 states
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District of Columbia
1 branch
- Main OfficeMain officeBoard of Governors of the Federal Reserve System, 2001 Constitution Avenue, NW, Washington, DC 20551Directions
Missouri
1 branch
- Saint Louis BranchFederal Reserve Bank Of St Louis, St. Louis, MO 63102Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 9.38% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 1.41% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 0.15% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $72 | $76 | — |
- CapitalNet worth ratio9.38%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late1.41%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets0.15%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$72Peers’ middle $76
Compared with the 1,338 credit unions with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of FRB Federal Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.