Democracy Federal Credit Union is a member-owned financial cooperative serving individuals who meet its field-of-membership criteria, with its operations anchored in Alexandria, Virginia. Founded to provide cooperative financial services, the organization emphasizes democratic governance, where each member typically holds one vote in major decisions, regardless of account balance. Its historical development reflects a shift from small community credit activities to a formal credit union structure that emphasizes shared ownership and member benefits.
The credit union offers core financial functions typical of not-for-profit cooperative institutions, including deposit taking, loan origination, and basic financial services that support day-to-day banking needs. Its scope of operations encompasses services designed to promote savings, prudent borrowing, and financial education for members. By focusing on local engagement and community-centered service delivery, Democracy Federal Credit Union aligns its mission with protecting member interests and fostering financial stability within its service area.
Better than 29% of providers in Alexandria
In addition to the primary service, Democracy Federal Credit Union also offers:
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Democracy Federal Credit Union is a verified financial service provider. This means we have confirmed their business information, contact details, and they have received customer reviews. You can trust this provider for your financial needs.
Find answers to common questions
Democracy Federal Credit Union is listed as a financial service provider in Alexandria, VA and must follow both state and federal regulations that apply to this type of business. As with any financial provider, you should review the agreement carefully before signing, make sure you understand all fees and repayment terms, and only use official contact details from this page or the company's own website. Avoid sharing personal or payment information with anyone who contacts you unexpectedly and, if something seems unclear, ask Democracy Federal Credit Union to explain the terms in writing before you proceed.
To improve your chances of getting better terms from Democracy Federal Credit Union, be prepared with accurate information about your income, existing debts, and the amount you really need to borrow. If possible, check your credit history in advance, avoid late payments on other accounts, and consider offering collateral if the product allows it, as stronger overall finances can help you qualify for more favorable rates or fees. It's also a good idea to compare Democracy Federal Credit Union with other providers in Alexandria and to ask directly about any current promotions, loyalty benefits, or ways to reduce the total cost of your loan.
Democracy Federal Credit Union has a rating of 2.9, which is better than 29% of providers in Alexandria.
Requirements can vary by product, but for most visits you should be ready to bring a valid government-issued ID, proof of income (such as recent pay stubs or bank statements), and proof of address like a utility bill or lease. If you are applying for a title or secured loan, you may also need the vehicle title, registration, and insurance details, along with any other documents Democracy Federal Credit Union requests. It is always best to call ahead using the phone number on this page so Democracy Federal Credit Union can confirm exactly which documents you need for your specific situation.
In addition to its primary service, Democracy Federal Credit Union also offers: Federal credit union, Corporate office, Credit union, Financial consultant, Financial institution.