Over 50 Years of Service to the U.S. House of Representatives

Congressional Federal Credit Union was established in 1953 as Congressional Employees Federal Credit Union. Our first branch looked nothing like the modern facilities our members enjoy today. In fact, we were located in the Folding Room in the basement of the Longworth Building, essentially operating out of a desk drawer. It was a humble beginning with just eight charter members and $40 on deposit.

Credit unions were not new to the United States when we first opened our doors. The idea was introduced in our country in 1908. Our membership grew steadily as more and more Congressional employees and family members chose to take advantage of benefits not available to them through a bank or savings and loan institution. Pooled savings, low interest loans, and friendly service were and still are today, the foundation of our Credit Union. 

We continue to serve the House as well as over fifty corporate partners and associations. As a financial institution, we offer a full complement of traditional and non-traditional financial services to respond to our members’ diverse needs, at every stage in life.

Congressional FCU has four branches located on Capitol Hill, in addition to a branch and operations center in Oakton, Virginia. We participate in a national network of shared branches that we share with other credit unions. These shared branches give the majority of our members physical access to a branch. Online banking, automated telephone service, and ATMs also provide convenient account access. 

Congressional Federal Credit Union enjoys a great reputation as a strong financial institution. Among credit unions, we have a prestigious name, and we live up to it. At a time when bank mergers are common, while friendly hometown service uncommon, you can count on Congressional FCU to always be there and appreciate your business.

Congressman Wright Patman
In 1976, we changed our name to Wright Patman Congressional Federal Credit Union, to honor the late Congressman Patman. Wright Patman was a champion of the credit union movement throughout his 48 years in Congress. His commitment to credit unions began in 1934 with the introduction of the bill that later became the Federal Credit Union Act. This Act provides for the chartering and supervision of federal credit unions by the federal agency that is now known as the National Credit Union Administration (NCUA), which insures member accounts through the National Credit Union Share Insurance Fund (NCUSIF). 

Why Credit Unions?
Credit unions are not-for-profit financial cooperatives. This means that members of the credit union actually own the credit union. The income that is generated is reinvested back into the credit union in the form of lower rates on loans, higher rates on savings, and more or improved services. We are regulated and examined by the National Credit Union Administration (NCUA), an agency of the federal government. The National Credit Union Share Insurance Fund, administered by the NCUA, insures deposits of credit union members at more than 11,000 federal and state-chartered credit unions nationwide. Deposits are insured up to at least $100,000. We serve only our members and do so in the most trustworthy and professional manner.