Sep, 30, 2025 — LAFAYETTE FEDERAL CREDIT UNION is a federal credit union headquartered in ROCKVILLE, MD with 11 branch locations and about $2.15 billion in total assets. Opened 91 years ago in 1935, LAFAYETTE FEDERAL CREDIT UNION has about 57,584 members and employs 228 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LAFAYETTE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2701 Tower Oaks Blvd ROCKVILLE, MD 20852 |
| Phone: | (301) 929-7990 |
| Fax: | |
| Website: | https://www.lfcu.org |
| Branches: | 11 branch locations |
| Members: | 57,584 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 619 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,151,447,282 |
| CEO/Manager: | John Farmakides |
| Chairperson: | Mary Jo Morris |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 496,112,521 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 617,482,746 |
| Unsecured Loans | 674,038,931 |
| Other Loans | 70,038,862 |
| TOTAL LOANS | 1,522,006,089 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -49,372,085 |
| Land And Building | 14,101,383 |
| Other Fixed Assets | 4,887,009 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 13,172,437 |
| All Other Assets | 201,812 |
| TOTAL ASSETS | 2,151,447,282 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 21,899,795 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 13,500,000 |
| Share Drafts | 148,483,348 |
| Regular shares | 69,928,496 |
| All Other Shares & Deposits | 1,655,794,622 |
| TOTAL SHARES & DEPOSITS | 1,874,206,468 |
| TOTAL LIABILITIES | 1,909,606,263 |
| Regular Reserve | 0 |
| Other Reserves | 11,287,820 |
| Undivided Earnings | 230,553,199 |
| TOTAL EQUITY | 241,841,019 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,151,447,282 |
| INCOME & EXPENSE | |
| Loan Income | 88,581,215 |
| Investment Income | 10,512,475 |
| Other Income | 26,819,227 |
| Total Employee Compensation & Benefits | 24,663,204 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 15,121,417 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 15,300,000 |
| Cost of Funds | 49,337,351 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 8,586,542 |
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