About Us

DVA Federal Credit Union is a cooperative institution owned by its members. The credit union was established for the purpose of encouraging thrift, creating a source of credit at a fair, reasonable cost, and providing an opportunity for members to use and control their own money in order to improve their economic conditions.

The mission of DVA Federal Credit Union is to provide members with quality, timely, cost-effective, and personalized financial services that contribute to their economic well-being; while maintaining the Credit Unions financial soundness and stability.

Our History

DVA Federal Credit Union (DVAFCU) was established in 1932 as the Veterans Employees Credit Union of the District of Columbia. Our credit union name was changed in 1997, once the Veterans Administration was elevated to a Cabinet level position. As a result, we were granted the opportunity to serve potential members in the underserved areas of Washington, D.C. Since 1932, our membership has grown to include over 11,000 members. We have $90 million in assets.

Membership

Our field of membership consists of the following:

• All individuals who live, work, worship, or go to school in Washington, DC
• Department of Veterans Affairs (VA) Central Office employees
• VA Regional Office Washington, DC employees
• VA Regional Office, Albany, NY employees
• VA Data Processing Center employees
• Veterans Canteen Service Field Office employees
• VA Legal Services Corporation employees
• VA Medical Center St. Albans, NY employees
• VA Medical Center Brooklyn, NY employees
• VA Federal Building, Philadelphia, PA employees
• VA Extended Care Center and Veterans Canteen Service employees
• Veterans Canteen Service at VA Medical Center, Albany, NY employees
• VA employees nationwide not served by another credit union
• Compensated Work Therapy Program Veteran participants
• Businesses in underserved Washington, DC
• Other legal entities designated as underserved in Washington, DC
• American Veterans of World War II National Service Foundation (AMVETS) employees
• Paralyzed Veterans of America employees
• Blind Veterans Association employees
• Air Force Association- Arlington, VA employees
• Marine Corps League employees
• Veterans Service Organization employees, Federal Building, Philadelphia, PA
• Department of Defense civilian and military personnel, Fort Hamilton, NY
• Department of Defense civilian and military personnel, Brooklyn, NY
• General Services Administration employees Washington, D.C.
• Renaissance Hotel employees Washington, D.C.
• American Public Health Association employees, Washington, D.C. headquarters
• DVAFCU Credit Union employees

As a member of DVAFCU, your family members are also eligible to join. Family members include:

• Spouse and children
• Parents, brothers and sisters
• Stepchildren and stepparents
• Grandchildren and grandparents
• Domestic partners
• Individuals living in the same household of a DVA FCU member

The Credit Union Philosophy

Credit unions are democratically owned and controlled institutions based on People Helping People principles. Credit union members elect the board of directors; each member has an equal vote, regardless of how much he or she has on deposit. Only members may serve as directors, and directors serve without compensation. Credit unions have no outside stockholders, so after reserves are set aside, earnings are returned to members in the form of higher dividends on savings, lower loan rates, and lower cost services.