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2020 Annual Report
Attention! Important Information Regarding Tax Forms (W8 or W9)
To better serve and communicate with our valued members and comply with the United States Internal Revenue Service regulations, IDB Global Federal Credit Union communicates with members whose records indicate that their tax forms (W8 or W9) need updating.
The purpose of the forms is to provide your SSN or Foreign TIN depending on your tax situation, to report income paid to you to the IRS, such as interest, dividends, capital gains, cancellation of debt, royalties, rents, etc. or income paid by you to the institution, such as mortgage interest. By updating your tax information, you prevent backup withholding on any interest paid on your account - currently at a rate of 24%. For more information on backup withholding, please click here.
With your convenience and safety in mind, identified members will receive an email with a secure link and be required to take a picture of your ID, as well as a selfie during the process to filter out potential bots.
If you have any questions or concerns, please reach out to us at + 1 202-623-3363.
IDB Global Federal credit union has been listed as one of the 2020 top 200 healthiest credit Unions in the u.s.
IDB Global Federal Credit Union has been recently identified as one of the healthiest credit unions in the United States, and the healthiest credit union in the District of Columbia out of 5,321 NCUA Insured Credit Unions for 2020. Our Credit Union was awarded an A+ overall rating for financial health and stability, the highest rating given by DepositAccounts.com.
DepositAccounts.com evaluates the financial health of over 10,000 banks and credit unions in the United States once per quarter. To determine bank ranking and recognition, DepositAccounts.com grades each institution on a number of factors, including capitalization, deposit growth, and loan-to-reserve ratios.
For a complete listing of the 2020 Top 200 Healthiest Credit Unions in the U.S, click here.
DepositAccounts.com is the largest and most comprehensive online publication in the U.S. dedicated to banking and deposits product information for consumers. It covers every federally insured bank and credit union and utilizes its patented technology to track approximately 275,000 consumer deposit rates, each updated nightly. The site features more than 11,000 editorial articles detailing depository strategies and highlighting current bank rates and offers. It is also home to one of the largest communities of depositors on the web, hosting more than 100,000 comments, customer reviews, and forum threads.
Introducing IDB Global Federal Credit Union
No matter what your priority is, we want to offer the tools you need to focus on what really matters. Products that suit your lifestyle and services that give you support. Resources to manage your funds and information to make smart financial decisions. Global reach to serve you anywhere you are.