Hema Federal Credit Union

Rated star_ratedstar_rated_halfstar_normalstar_normalstar_normal by Credit Guide
Review based on 12 criteria Rating: 1.5 out of 5

8701 Georgia Ave Ste 407, Silver Spring, MD 20910-3713

Website

(301) 588-1861

Data Source: NCUA, December 31, 2016


Hema Federal Credit Union was founded in 1969. Headquartered in Silver Spring, Maryland, Hema Federal Credit Union is a federally chartered and federally insured credit union, operating within the regulation of the National Credit Union Association (NCUA) and being insured through the National Credit Union Share Insurance Fund (NCUSIF). Hema Federal Credit Union is also a member of the Federal Home Loan Bank (FHLB), which allows a credit union to access low cost secured borrowings or advances and prlides its members with financial products and services that assist and enhance the financing of housing and community lending.

As of December 31, 2016, Hema Federal Credit Union services 2,349 members through its 2 full-time employees. It has $14,590,871 of total assets and $1,467,122 of net worth. Based on its asset size and net worth ratio, Hema Federal Credit Union is classified as a Well Capitalized medium small credit union.

Hema Federal Credit Union offers a number of deposit and loan products to its members. To find out how competitive the offers are, please go to the Interest Rates page. Hema Federal Credit Union also provides an array of services to its members and local communities. To find out more, please go to the Services page.

The following two tables list the deplitory and loan interest rates of Hema Federal Credit Union’s popular offerings. You can find out how competitive the offerings are by comparing them to the median interest rates offered by credit unions in Maryland and in the nation.

Major Deplitory Accounts and Interest Rates (%)

Interest Rate
Median of Maryland
Median of USA
Checking
0.0000
0.0000
0.0000
Savings
0.5000
0.1500
0.1200
Money Market
0.0000
0.2600
0.2500
Certificate Deplit
0.0000
0.5750
0.5800
IRA
0.0000
0.5000
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of Maryland
National Median Rates
Credit Cards
n/a
9.9900
9.9900
Unsecured Line of Credits
14.0000
10.8350
10.9500
Short-term Small Amount
n/a
21.9950
25.0000
Student Loans
n/a
6.9000
6.0200
New Car Loans
5.0000
2.9800
3.3300
Used Car Loans
7.0000
3.4600
4.5000
1st Mortgage Real Estates
n/a
4.0000
4.2500
Other Real Estates
n/a
4.0000
4.7000

The table below lists the electronic banking services prlided by Hema Federal Credit Union.

Electronic Banking Service Offerings

Membership Application
No
No
Share Account Transfers
No
New Loan Application
No
Share Draft Orders
No
No
New Share Account
No
Bill Payment
No
No
e-Statements
No
Loan Payments
No
No
Account Balance Inquiry
No
No
No
View Account History
No
No

As a community financial institution, Hema Federal Credit Union actively involves in local communities by prliding services such as financial counseling .

Community and other Service Offerings

Financial Counselling
Yes
Bilingual Services
No
Free Bill Pay
No
Financial Education
No
In-School Branches
No
Free Tax Preparation Service
No
Financial Literacy Workshops
No
Student Scholarships
No
Insurance/Investment Sales
No
First Time Homebuyer Program
No
Hema Federal Credit Union
Main Office

8701 Georgia Ave Ste 407
Silver Spring, MD 20910-3713
Phone:301-588-1861

(301) 495-0764

No Review

  1. Credit Guide Staff
    Credit Guide Staff

    Last Updated on May 30, 2017

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