Democracy FCU first opened its doors on May 26, 1936 as Social Security Employees Federal Credit Union and then changed to FSA Employees Federal Credit Union in 1946. In 1955, the name changed to HEW Employees Federal Credit Union, and in 1984, ‘employees’ was removed from the name making it HEW Federal Credit Union. As the credit union grew and democratic structure changed, we became Democracy Federal Credit Union on January 1, 2015.
Democracy FCU is owned by the members who have deposited funds into the credit union. We exist to help our members succeed financially. Our earnings are used to offer lower loan rates, competitive investment rates, financial education and exceptional service. Membership is open to those who live, work, worship, go to school and/or do business in Washington, D.C., and parts of Maryland and Northern Virginia.
Democracy Federal Credit Union is committed to building lasting relationships by exceeding our member's expectations with every interaction, every time, by delivering passionate service with a smile.
Involvement/Governance/Diversity Democracy FCU preservers credit union democratic principles, including demographic representation and volunteer participation in credit union activities. Democracy Federal Credit Union recognizes the value of demographic diversity in staff as well as in volunteers and will strive to bring people of diverse backgrounds and experiences into leadership and other roles at the credit union. Commitment to the Credit Union Movement Democracy FCU works to build and strengthen the credit union movement by providing financial and in-kind resources to our community, and by actively advocating the credit union difference at all levels of the government, and in other appropriate public forums. We are committed to giving back to our community through our Community Give Back Program that allows us the ability to provide monetary donations, food and supplies, as well as help members with programs to ease any financial hardship that they are facing due to the COVID-19 global pandemic, or otherwise.