Lafayette Federal Credit Union

Lafayette Federal Credit Union

Credit union offering savings and loans

Overview

Lafayette Federal Credit Union is a financial institution serving the Washington, D.C. area that helps people save money and borrow at favorable rates. Members deposit funds into savings or checking, which are insured by the NCUA, and can take out loans with predictable rates and terms. The credit union also offers non-deposit investment products through CUSO Financial Services, with licensed representatives to guide members in MD. Its goal is to provide a safe, convenient place to save and borrow while delivering friendly service and growing its membership and services.

About Lafayette Federal Credit Union

Simplify's Rating
Why Lafayette Federal Credit Union is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Financial Services

Company Size

51-200

Company Stage

N/A

Total Funding

N/A

Headquarters

Rockville, Maryland

Founded

1935

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Simplify's Take

What believers are saying

  • April 2026 Washington Spirit partnership expands brand reach across the DMV market.
  • Great Falls branch opened March 2026, deepening Northern Virginia distribution and deposit gathering.
  • John Gagliardi's wealth-management launch broadens fee income beyond spread-dependent lending.

What critics are saying

  • March 2025 breach litigation over 75,000 records still threatens trust and legal costs.
  • A single employee email compromise exposed Social Security numbers, revealing weak internal controls.
  • Aggressive sports sponsorships and branch expansion strain costs if deposit growth slows.

What makes Lafayette Federal Credit Union unique

  • Since 1935, Lafayette spans D.C., Maryland, Virginia with 11 branches and $2B assets.
  • April 2026 hires Anthony Pica and Don Springer rebuilt business banking leadership.
  • February 2026 D.C. United deal made Lafayette the exclusive credit union partner.

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Benefits

Health Insurance

Life Insurance

Disability Insurance

401(k) Company Match

Paid Holidays

Tuition Reimbursement

Commuter Benefits

Company News

Lakefront Federal Credit Union
Apr 22nd, 2026
Lafayette Federal Credit Union announces key Business Banking hires to lead revitalized program.

Lafayette Federal Credit Union announces key Business Banking hires to lead revitalized program. Last update: April 22, 2026 in Press Introducing Anthony Pica and Don Springer. Rockville, MD - Lafayette Federal Credit Union is pleased to announce the addition of Anthony Pica and Don Springer to its business banking team, reinforcing the credit union's commitment to expanding and enhancing its commercial banking services. In their new roles, Pica and Springer will play critical parts in leading Lafayette Federal's newly revamped business banking program, designed to better serve the evolving needs of business members across the Washington, D.C. metropolitan area. Anthony Pica, Senior Vice President of Business Banking Anthony Pica joins Lafayette Federal Credit Union as Senior Vice President of Business Banking, bringing more than 25 years of financial services experience to the organization. Throughout his career, Pica has successfully led business development teams and commercial credit groups, with a proven ability to attract, develop, and mentor talent across branch and business banking channels. Pica is recognized for his strategic leadership and commitment to excellence, with a strong track record of aligning business growth with community impact initiatives, including financial literacy, economic development, and affordable housing. Pica, a dynamic public speaker, is known for energizing teams and fostering a culture of high performance and accountability. Don Springer, Principal Vice President and Commercial Loan Officer Don Springer joins Lafayette Federal Credit Union as Principal Vice President and Commercial Loan Officer, where he is responsible for both the growth and day-to-day management of the credit union's commercial lending activities. In his role, Springer will lead commercial lending staff across the full loan lifecycle - including origination, underwriting, closing, and ongoing servicing - ensuring consistent credit quality, efficient execution, and a seamless client experience. Springer brings extensive experience in commercial lending, with a focus on owner-occupied and investment real estate, commercial and industrial (C&I) lending, and SBA-backed transactions. Known for his analytical rigor and sound judgment, he will work closely with borrowers, referral partners, and internal teams to structure financing solutions that support business growth while maintaining strong credit standards. Together, Pica and Springer will lead Lafayette Federal's revitalized business banking program, focusing on delivering tailored financial solutions, strengthening client relationships, and expanding the credit union's presence within the local business community. Their combined expertise will support the continued evolution of Lafayette Federal's commercial offerings, ensuring members receive the personalized service and strategic guidance needed to achieve long-term success. "We are excited to welcome Anthony and Don to Lafayette Federal Credit Union as we continue to strengthen and grow our business banking capabilities," said President and CEO B. John Farmakides. "Their deep industry expertise, leadership, and shared commitment to building strong relationships will be instrumental as we enhance our commercial services and deliver greater value to our business members." About Lafayette Federal Credit Union. Lafayette Federal Credit Union is a leading financial institution serving the Washington, D.C. area and across the U.S. Since its founding in 1935, Lafayette Federal has been dedicated to providing comprehensive financial services and offering a variety of products and services, including savings and checking accounts, loans, mortgages, and investment solutions. With assets over $2 billion and more than 56,000 members worldwide, Lafayette Federal operates 11 full-service branch offices in the District of Columbia, Maryland, and Virginia and offers global access via the shared branch/ATM network and 24/7 electronic services. The credit union focuses on delivering top-notch member experiences and Lafayette Federal is committed to helping individuals and communities reach their financial goals.

Lakefront Federal Credit Union
Mar 17th, 2026
Lafayette Federal Credit Union opens new branch in Great Falls, VA.

Lafayette Federal Credit Union opens new branch in Great Falls, VA. Last update: March 17, 2026 in Press Great Falls, VA - Lafayette Federal Credit Union is proud to announce the opening of its newest branch in Great Falls, VA, further expanding its footprint in Northern Virginia and strengthening its commitment to serving local communities with trusted financial guidance and personalized service. The new Great Falls branch brings Lafayette Federal's full range of financial services to residents and businesses in the community, making it easier for members to access the credit union's innovative banking solutions and expert support close to home. The branch was thoughtfully designed to provide a convenient and modern banking experience, offering: · Comprehensive personal and business banking services, including lending, mortgages, and wealth management · Personalized service and competitive rates on unique products · A knowledgeable local team to help members navigate complex financial decisions Lafayette Federal Credit Union continues to grow strategically across the region while maintaining its focus on delivering high-quality service and meaningful member relationships. The addition of the Great Falls location allows Lafayette Federal to better support the financial needs of individuals, families, and businesses in the Northern Virginia community. "Bringing Lafayette Federal's personalized approach to banking to Great Falls is an exciting milestone," said Chris Dobbins, VP Branches at Lafayette Federal Credit Union. "Having been a long-time supporter of schools and youth sports programs in the local area, opening our doors here only furthers our commitment to this community. We're excited to be part of Great Falls whose spirit of service aligns so well with Lafayette Federal's mission and commitment to the credit union way of 'people helping people.'" The community is invited to visit the Great Falls branch to meet the team and experience the Lafayette Federal difference. Visit its Great Falls branch. Address: 9904 Georgetown Pike, Great Falls, VA 22066 Hours: Friday 8:30am - 4:00pm, Saturday 9:00am - 12:00pm For over 90 years, Lafayette Federal has been dedicated to helping members achieve their financial goals with a people-first approach. With the addition of this new branch, Lafayette Federal continues to strengthen its presence in Maryland while staying true to its mission of delivering exceptional service and value to its growing membership. About Lafayette Federal Credit Union. Lafayette Federal Credit Union is a member-focused financial institution dedicated to providing innovative banking solutions, personalized financial guidance, and a strong commitment to the communities Lafayette Federal Credit Union serve in the Washington, D.C. metropolitan area and beyond. With a history of excellence, Lafayette Federal continues to expand its reach while maintaining a people-first approach to banking. Membership is open to individuals who live, work, worship, or attend school in select communities, as well as employees of partner organizations. Lafayette Federal is federally insured by the NCUA and an equal housing lender. Media contact: Katherine Purdy Principal Vice President, Marketing Lafayette Federal Credit Union

Lakefront Federal Credit Union
Feb 24th, 2026
Lafayette Federal Credit Union Announces Landmark Multi-year Partnership with D.C. United

Lafayette Federal Credit Union announces landmark multi-year partnership with D.C. United. Last update: February 24, 2026 in Press WASHINGTON, D.C. (Feb. 24, 2026) - D.C. United today announced a multi-year partnership with Lafayette Federal Credit Union, designating the institution as the exclusive credit union of D.C. United. The agreement represents a significant investment in the club, its supporters, and the broader Washington metropolitan community. The partnership introduces a series of community-driven initiatives and exclusive member-focused benefits designed to strengthen the connection between Lafayette Federal, its members, D.C. United, and fans across the District, Maryland, and Virginia. Lafayette Federal Credit Union and D.C. United will jointly launch Financial Literacy Through Sport, a new educational platform featuring three dedicated sessions each year. These programs will connect the business of professional soccer with essential financial topics such as budgeting, digital banking, and saving, equipping youth and families with practical tools to support long-term financial well-being. The Credit Union will also serve as the presenting sponsor of D.C. United's annual Community Day. The event will include a free community soccer clinic led by D.C. United players, coaches, and executives, as well as an on-site financial literacy workshop hosted by Lafayette Federal. Additional interactive experiences will celebrate and uplift local families and supporters. "For more than 90 years, Lafayette Federal Credit Union has proudly served the Washington, D.C., community," said B. John Farmakides, President and CEO of Lafayette Federal Credit Union. "Partnering with D.C. United, a club with such a passionate and locally grounded fan base, is a natural extension of our mission. Together, we are committed to creating meaningful community impact through financial education, youth programming, and accessible opportunities for families across the DMV." D.C. United emphasized the alignment between the organizations' shared values and long-term vision. "We are excited to welcome Lafayette Federal Credit Union as our exclusive credit union and a key partner in our efforts to unite sport and community," said Danita Johnson, President of Business Operations for D.C. United. "Their longstanding presence in the District, their commitment to community investment, and their strength as a leading financial institution make them an ideal partner. The initiatives we are launching together will have a lasting and positive impact on our region." Lafayette Federal Credit Union is recognized as one of the strongest and most established credit unions in the Washington metropolitan area, serving members for more than nine decades with branches across D.C., Maryland, and Virginia. The institution is widely regarded for its financial stability, industry leadership, and commitment to member service. As part of the partnership, Lafayette Federal Credit Union will receive prominent brand visibility throughout Audi Field, including Gate A signage and concession-wrap integrations. About Lafayette Federal Credit Union Lafayette Federal Credit Union is a leading financial institution serving the Washington, D.C. area and across the U.S. Since its founding in 1935, Lafayette Federal has been dedicated to providing comprehensive financial services and offering a variety of products and services, including savings and checking accounts, loans, mortgages, and investment solutions. With assets over $2 billion and more than 56,000 members worldwide, Lafayette Federal operates 11 full-service branch offices in the District of Columbia, Maryland, and Virginia and offers global access via the shared branch/ATM network and 24/7 electronic services. The credit union focuses on delivering top-notch member experiences and Lafayette Federal is committed to helping individuals and communities reach their financial goals. To learn more, visit lfcu.org. About D.C. United One of the founding clubs of Major League Soccer in 1996, D.C. United is among the most decorated teams in the United States with 13 domestic and international trophies. D.C. United has called the District home for the last 30 seasons and plays their home games at Audi Field in the Buzzard Point neighborhood of Southwest, Washington, D.C, which opened in 2018. In addition to D.C. United games, the 20,000-seat soccer-specific stadium hosts over 100 events year-round. The Black-and-Red trains at the United Performance Complex, a state-of-the-art training facility and performance center located in Leesburg, Va. The 40,000 square foot 30-acre training facility, that opened in 2021, features four outdoor practice fields, and a training center equipped with a weight room and recovery facilities. The Black-and-Red have won the MLS Cup four times (1996, 1997, 1999 and 2004), the Supporters' Shield four times (1997, 1999, 2006 and 2007) and the Lamar Hunt U.S. Open Cup three times (1996, 2008 and 2013). For more information and club updates, please visit www.dcunited.com and find Lafayette Federal Credit Union on social media @dcunited.

Lakefront Federal Credit Union
Feb 12th, 2026
Lafayette Federal's 2026 Financial Wellness Week: Building stronger financial futures.

Lafayette Federal's 2026 Financial Wellness Week: building stronger financial futures. Last month, Lafayette Federal Credit Union reaffirmed its commitment to member-centered financial guidance by hosting its annual Financial Wellness Week. Designed to proactively connect members with personalized financial advice, the week-long initiative demonstrated that thoughtful planning, flexibility, and consistent outreach can deliver meaningful impact - even when unexpected challenges arise in the form of several inches of ice blanketing its region the weekend before the event. Purpose and goals. Its primary goal for Financial Wellness Week is to engage with members and encourage them to schedule individual financial wellness appointments. Its branch staff reached out in advance to initiate conversations about savings strategies, certificates of deposit (CDs), IRAs, trust accounts, and broader financial planning needs. Lafayette Federal Credit Union wanted to create an opportunity for members to learn more about these products and the services Lafayette Federal Credit Union offer that can help them reach their goals. Appointments with members were scheduled throughout the week of January 26 - 30, 2026, giving them dedicated time to discuss their immediate priorities and long-term goals. Weather challenges - and a flexible response. A significant snowstorm created unexpected hurdles. All its branches were closed on Monday and Tuesday because of safety and access issues, and resident mobility in the entire DMV area remained limited for much of the week. Appointments that were scheduled for Monday and Tuesday were promptly rescheduled, minimizing disruption for members. By Wednesday, branch staff followed up with remaining scheduled members to confirm their availability, adjust schedules as needed, and ensure that no one felt overlooked. This consistent communication proved critical. Rather than canceling this key event intended to help its members' financial wellness, or reducing its scope, its team adapted in real time - demonstrating resilience and its deep commitment to member service. To this end, wellness week was extended 2 business days (through February 3rd) to devote a full week to this important event. Coffee, doughnuts, and other treats were on hand to welcome everyone and make them feel relaxed. Members who were able to attend participated in meaningful discussions, and many who could not attend because of complications left by the storm were successfully rescheduled for later in the week or in the weeks that followed. Despite the challenges served up by the unprecedented storm, Financial Wellness Week 2026 successfully highlighted the value of one-on-one financial conversations, the importance of trusted local institutions, and the long-term benefits of relationship-based financial services. Best of all, the severity of the storm served enabled Lafayette Federal Credit Union to demonstrate the many ways LFCU offers value through its expanding community presence, the dedicated outreach of its staff, and the beneficial products Lafayette Federal Credit Union offer its members. Lafayette Federal empowers its members. Financial Wellness Week reflects Lafayette Federal Credit Union's broader mission: empowering members with knowledge, confidence, and personalized support. In an environment where financial decisions are increasingly complex, access to trusted, face-to-face guidance remains invaluable. Its 2026 event proved success is not measured solely by attendance numbers. Meaningful engagement, sustained follow-up, and member appreciation are equally - if not more - important indicators of impact. By continuing to invest in financial education, proactive communication, and one-on-one guidance, Lafayette Federal Credit Union is helping members build stronger financial foundations - one conversation at a time. For members seeking clarity, confidence, and a trusted financial partner, Financial Wellness Week is more than an event. It's a commitment. And, you don't have to wait until next year to get your financial check-up. Schedule an appointment with Lafayette Federal Credit Union and let's talk about how Lafayette Federal Credit Union can help you meet your financial goals. Not a Lafayette Federal member yet? You can become a member by completing an online membership application.

Lakefront Federal Credit Union
Nov 4th, 2025
John Gagliardi Joins Lafayette Federal Credit Union as SVP Wealth Management

John Gagliardi joins Lafayette Federal Credit Union as SVP Wealth Management. Role will see him lead and expand recently announced Lafayette Private Wealth Rockville, MD - Lafayette Federal Credit Union is pleased to announce the appointment of John Gagliardi as Senior Vice President, Wealth Management. Gagliardi brings nearly 40 years of financial services industry experience to the credit union, having previously held positions at SunTrust Investment Services, Citigroup, and Bank of America amongst others. Most recently, Gagliardi held the position of Regional Manager of Wilmington Advisors at M&T Bank where he managed 24 financial advisors in Washington, DC, Virginia, West Virginia, Maryland, and Pennsylvania. During his 11-year tenure with M&T Bank, he developed personalized financial strategies to aid his clients in meeting their unique needs and long-term objectives, as well as mentored his team to support their own clients in achieving success. In his new role as SVP Wealth Management, Gagliardi will also serve as program manager for Lafayette Private Wealth, the credit union's recently launched wealth management program with Raymond James Financial Services, Inc. With his broad background overseeing successful teams of advisors and building strong wealth management strategies, Gagliardi will bring to the credit union's members expanded services, enhanced resources, and a focus on a personalized approach from Lafayette Private Wealth's team of trusted professionals. Lafayette Private Wealth will include services such as estate planning and tax planning. "We are thrilled to welcome John to our senior leadership team at Lafayette Federal Credit Union," stated President and CEO B. John Farmakides. "His deep industry expertise, combined with a genuine passion for working closely with clients, understanding their unique financial situations, and crafting personalized plans to help them achieve their goals, aligns perfectly with our mission to empower members throughout every stage of life." John Gagliardi holds his Bachelor of Science in Business Management from Salem University in Salem, West Virginia and was honored with the Chairman's Club Award in 2018, 2019, and 2023. About Lafayette Federal Credit Union. Lafayette Federal Credit Union is a leading financial institution serving the Washington, D.C. area and across the U.S. Since its founding in 1935, Lafayette Federal has been dedicated to providing comprehensive financial services and offering a variety of products and services, including savings and checking accounts, loans, mortgages, and investment solutions. With assets over $2 billion and more than 56,000 members worldwide, Lafayette Federal operates 11 full-service branch offices in the District of Columbia, Maryland, and Virginia and offers global access via the shared branch/ATM network and 24/7 electronic services. The credit union focuses on delivering top-notch member experiences and Lafayette Federal is committed to helping individuals and communities reach their financial goals. About Raymond James Financial Services, Inc. Securities offered through Raymond James Financial Services, Inc., Member FINRA/SIPC, and are not insured by bank insurance, the FDIC or any other government agency, are not deposits or obligations of the bank, are not guaranteed by the bank, and are subject to risks, including the possible loss of principal. Investment Advisory services offered through Raymond James Financial Services Advisors, Inc. Lafayette Federal Credit Union and Lafayette Private Wealth are not registered broker/dealers and are independent of Raymond James Financial Services, Inc. Raymond James does not provide tax or legal advice.

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