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Lafayette Federal

Lafayette Federal

Purpose

Most people don’t understand the difference between a bank and a credit union, but it’s pretty straightforward: a bank is in the money business, to make money for its owners or shareholders; a credit union is a not-for-profit cooperative that is owned by its members, offering lower fees and better rates than for-profit and shareholder-owned banks. This makes credit unions more focused on member benefits and community well-being, rather than profit maximization.

At Lafayette Federal, we have one purpose: to serve the financial interests and needs of our members.... Read more

Vision

To be Your Credit Union for Life.... Read more

Mission

We serve, support, and empower our members by understanding their financial needs, delivering products and services that enable them to achieve their financial goals, and offering solutions to ensure their financial well-being.... Read more

Additional Culture Details

Lafayette Federal has changed a lot since we first opened our doors in 1935. In the nearly ninety years since, our membership has expanded to include people representing every socioeconomic group living and working in the DC-Maryland-Virigina (DMV) area, encompassing hundreds of industries, and today, through partnerships and our “once a member, always a member” policy, we have nearly 60,000 members from all over the country and the world. Our assets have more than doubled in the past five years, and we have been widely recognized nationally and locally as one best American financial institutions of our size in our market.

Join us in cultivating a workplace where innovation is important, connections matter, and growth opportunities exist for everyone. Be part of a team where every player contributes to the collective success and shares in the rewards. Welcome to Lafayette Federal – where passion meets purpose, and every day is an opportunity to make a difference.... Read more

Values

Who We Are: At Lafayette Federal, we don't settle for being good; we want to be great. Exceptional performance is the result of exceptional effort from individuals who flourish in our outstanding culture. Our organization is guided by 25 Fundamentals that define what we do and how we do it. We believe in and embrace the following principles and practices, and understand that practicing these fundamentals is what defines our work culture and sets us apart as industry leaders.

Headquarters

Rockville, MD

Employees

215 US Employees

Industry

Credit Union

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What employees are saying

I am empowered to make decisions for the best of my team, myself and the Credit Union. My manager believes in me and fosters an environment of trust, growth and loyalty.

Lafayette provides me the opportunity to learn and grow, even at this very seasoned point in my career. After thirty years of working in the credit union industry, it is refreshing to be involved in shaping alternative paths to sustainable success for the credit union and its members.

I love my job because, I feel respected and valued for what I bring to the organization. I get great satisfaction in being in a role that I can make a small difference in someone's life.

Everyone is so welcoming and friendly. Most importantly, I am not afraid to ask for help and my colleagues are very helpful. I really enjoy coming into work to get my day started. It is like a breath of fresh air.

I work with a great group of people here at Lafayette and they make my job easy. Our department works well as a team and that is both important and rewarding for me.

We are true to our fundamentals and vision statement with teams that genuinely want to do what is right for the membership and credit union.

I build relationship's with my members and my team that will last forever. There's flexibility here, that I feel like I didn't have at my job before. There is plenty of opportunity to grow within the company in a years time, which I appreciate greatly. I have been recognized here more than I ever have, than at any other job that I have had for the past 9 years of working.

Lafayette provides various opportunities to learn and grow within the organization. I believe management does care about their employees and values their diverse perspective.

I believe I can make an impact on both internal stakeholders (employees) as well as customers (our members).

I enjoy leading my team, supporting our members, and being part of an organization that values service and community. Each day brings opportunities to coach, problem-solve, and make a meaningful impact for both employees and members.

I work with an outstanding team, have great synergy with other teams, and am excited to see the organization continue on its growth path.

there's never a time when I felt as if I couldn't ask for help or get more direction when needed regardless of the question being asked to my manager, peers from other departments, or those involved in interdepartmental meetings. Explanation have always been given in a manager of non judgement, and ensuring that it's understood.

I have grown from the bottom up with a fantastic team within multiple departments that I've been a part of.

Everyday I am learning something new. Growth is encouraged.

Company Snapshots