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SDFCU Frequently Asked Questions

Find answers to the most common questions around SDFCU membership, products and services.

 

Why Join SDFCU?

State Department Federal Credit Union Credit is a safe and dependable, not-for-profit financial services provider. As a members-owned financial institution, SDFCU answers only to its members and the financial wellbeing of SDFCU members is our priority. SDFCU serves members located all around the world.

What is the benefit of becoming a SDFCU member?

State Department Federal Credit Union (SDFCU) membership comes with access to low loan rates and high-yield savings, no fees checking, credit card rewards and many exclusive services.

Why should I join a credit union instead of a traditional bank?

Traditional banking institutions are in the business of making money for its stockholders, with the goal making a significant profit for that group every year.

Every SDFCU member is an owner, so any profit made by the credit union is returned to its members in the form of lower interest rates, lower fees, and higher saving deposit rates.

Who is eligible to become a SDFCU member?

There are many ways to qualify for SDFCU membership. For example, you can join through Department of State affiliation, association membership, family relation, in addition to other eligibility options available. See how you can join.

Is your money federally insured with SDFCU?

Yes. Your deposits are insured to at least $250,000 by the National Credit Union Administration (NCUA), a U.S. government agency.

Can I become a SDFCU member if I am self-employed? 

Yes, you can qualify through your relationship with an existing member or by joining the American Consumer Council (ACC). You will be guided through this in the application process.

Can I join SDFCU with a low credit score? 

SDFCU will access your credit report, but we do not use your credit score as a determining factor for membership approval.

Is there a minimum deposit required to become a member?

Not from you! SDFCU membership starts with a Savings Account. We require an initial minimum deposit of $1 into that Savings (Share) Account and we provide that dollar.

What documents are needed for identification?

As part of the member verification process, Federal law requires SDFCU to obtain information to verify your identity. To meet this requirement, Social Security number, and documents, such as, a current mortgage statement, current real estate property tax bill, tax assessment, or a valid residential rental/lease agreement are needed.

What Information do I need to provide if I’m joining SDFCU through a family relationship?  

Please provide the existing members name and account number.

Can I add a joint owner on the account?

As part of the member verification process, Federal law requires SDFCU to obtain information to verify your identity. To meet this requirement, Social Security number, and documents, such as, a current mortgage statement, current real estate property tax bill, tax assessment, or a valid residential rental/lease agreement are needed.

Can I still join SDFCU if I belong to another credit union?

Yes, you can join multiple Credit Unions if you meet the eligibility requirements.

Can I open a SDFCU account if I live abroad?

Yes, SDFCU is one of the few credit unions in the United States which accepts members who live outside the country. SDFCU and American Citizens Abroad (ACA) have come together to provide ACA members with a US Banking solution to problems that many overseas Americans have experienced with their current US-based banking relationships. ACA qualifies as an approved organization for SDFCU.

Can I join SDFCU online?

Yes, you can join online! 

There are many ways to qualify for SDFCU membership. For example, you can join via Department of State affiliation, association membership, family relation, and more.

As part of the account verification process, Federal law requires us to obtain sufficient information to verify your identity. You may be asked several questions and to provide one or more forms of identification to fulfill this requirement. We may also use outside sources to confirm the information furnished.

Your information is protected by our privacy policy and federal law.

Proof of Identity

  • State issued Driver’s License
  • State issued Identification Card
  • U.S. Passport or U.S. Passport Card
  • U.S. Alien Registration Card

Proof of Social Security Number
Social Security Number must show the full nine-digit.

  • Social Security Card
  • Form SSA-1099

Proof of Date of Birth:

  • State issued Driver’s License
  • State issued Identification Card
  • Original or certified copy of Birth Certificate
  • U.S. Passport or U.S. Passport Card
  • Valid Foreign Passport (for joint members only)

Proof of Residency

  • Deed/Deed of Trust
  • Mortgage statement (no more than 60 days old)
  • Real Estate Property Tax bill or Tax Assessment (current year)
  • Valid residential rental/lease agreement
  • Utility bill showing the same mailing and service address (no more than 60 days old)
  • Change of Address Card with a valid State issued Driver’s License or Identification card issued by the same

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