Overview / Commentary
757-523-5300
830 Greenbrier Cir
Chesapeake, VA 23320-2624

ABNB Federal Credit Union is headquartered in Chesapeake and is the 18th largest credit union in the state of Virginia. It is also the 496th largest credit union in the nation. It was established in 1960 and as of September of 2018, it had grown to 182 employees and 57,792 members at 19 locations. ABNB Federal Credit Union's CD rates are 2X the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in ABNB Federal Credit Union is open to those who live, work, worship or attend school in Isle of Wight County, South Hampton County, Currituck County, the cities of Norfolk, Suffolk, Portsmouth, Virginia Beach, Chesapeake, or Franklin, Virginia (membership requirements are listed in the credit union's online application).
See current membership details

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Reviews (4)

Excellent credit union

Posted by: shaytravis | Apr 1, 2018

We banked with this credit union for my entire civil service career and couldn't have been happier. If we hadn't moved out of the area we would still be using it. They have excellent customer service, handy local locations and offer a full range of banking services. If I had one complaint it was that their web site was somewhat clunky and hard to navigate but friends have told me that this is no longer the case.

Kasasa Checking Discontinued As Of 11/6/18

Posted by: HeatMizer | Oct 27, 2018

Got a flyer in the mail from ABNB this week:

Please note as of 11/6/18, we will no longer offer our Kasasa Cash® Checking or Kasasa Cash Back® Checking accounts. Members who currently use these accounts will be provided the new Free & Easy Checking account detailed below. This new account is absolutely free and requires no qualifiers to receive the benefits it provides. It’s free and easy! There is no action required on your part with this change. We have taken care of everything for you starting 11/6/18.

In Hampton Roads, It's One Of The Best

I wish I'd never left Hampton Roads.  I've had an account with ABNB Federal Credit Union for years.  The staff at all of the locations I've been to are the friendliest and kindest people I've ever met.  When you screw up on your account they are incredibly helpful at getting things put back together again.  I have a medium FICO score, so I've never tried to get a credit card or until recently a loan.  I didn't expect to get the loan with $200 in PLUS loans for my son's college tuition, but their loan department was very helpful when I inquired.  

ABNB has the newest technology in ATMs so you can deposit a check or cash at their ATMs.  You can also go paperless and pay bills through their online facility for free if you request that type of account and qualify (at this writing 12 debit card purchases and a monthly direct deposit).  

The only possible negatives are I have to use a check register now.  I was used to Bank of America keeping my balance online pretty true to real time.  With ABNB sometimes it looks like a check has been processed, but in fact it is still in process.  This can lead to all kinds of overdraft horrors.  If you keep a good check register every time you purchase something you won't have a problem though.  

I moved to Florida about a year ago.  Of course I moved to what appears to be BF West Coast Florida.  Because ABNB is part of a group of Credit Unions, I am able to make withdrawls and deposits at the ATMs of local banks within that reciprocal network fee free.  Unfortunately, because I don't live in a big city, the closest ATM for a deposit is about a half hour away, the closest branch services through a reciprocal credit union are an hour away. This is causing a bit of a problem for me.  Some of the ATMs in the network are causing $1.25 fee because they haven't been added into ABNB's software.  If you call ABNB up, however, they not only refund the fee, but add it into their data base so you aren't charged again.  Be warned, if you are using a reciprocal bank for deposits and they don't have the newer type of ATM that reads checks and cash (i.e. you have to put a deposit slip in an envelope with your deposit), you will not have access to your deposited funds until a full week later unless you call ABNB and get them to verify the deposit.

ABNB has been rated 5-star, so I can't really complain about the lack of "real-time" balance authenticity or the drive.  After all, I moved to Florida to help keep an eye on my mother.  If I'd thought about it, I would have moved to a bigger city where it would be easier to find a reciprocal service branch. 

If you ARE in Hampton Roads, be warned that currently ABNB does not have a branch in the Virginia Beach resort area.  You have to drive to Red Mill or Wishart Road for branch service.  The closest surcharge-free ATM to the resort area is at the Kangaroo gas station Near the Food Lion on Laskin.  It would probably be much easier to go to the Harris Teeter at the oceanfront, buy something small and just ask for cash back.

I'm Exhausted

I am exhausted from all the hoops they have had me jump through to join. Online application process will not work with anything newer than IE7. Even chrome could not complete the process



Health

Health Grade Components

Overall
NCUA #13605
Year Chartered1960
Employees182
Primary Regulator
Profit Margin
Return on Assets - YTD0.04%
Return on Equity - YTD0.39%
Annual Interest Income$16.5MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$574.9MM$556.7MM
LoansQ3 2018vs Q3 2017$415.0MM$418.9MM
DepositsQ3 2018vs Q3 2017$511.9MM$493.7MM
Equity CapitalQ3 2018vs Q3 2017$55.1MM$54.7MM
Loan Loss AllowanceQ3 2018vs Q3 2017$5.9MM$6.1MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$2.5MM$3.3MM
Real Estate OwnedQ3 2018vs Q3 2017$163.00K$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not ABNB Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

ABNB Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$100-IRA Share Account
0.10%$200-Prime Share Savings Account
0.10%$5-Youth Savings Account
0.10%$200-Christmas Club Accounts
0.10%$200-Business Shares Account
0.10%$200-Anytime Accounts

ABNB Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*$250k*-Money Market Account
OTHER TIERS: 0.15% $1k - $10k | 0.20% $10k - $25k | 0.30% $25k - $50k | 0.50% $50k - $100k | 0.75% $100k - $250k
0.15%$1k-Business Money Market Account

ABNB Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%-$10kFree & Easy Checking
0.15%$1k-Business Share Draft Interest

ABNB Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*$100k*-60 Month Certificate
OTHER TIERS: 2.80% $1k - $100k
2.65%*$100k*-36 Month Certificate
OTHER TIERS: 2.60% $1k - $100k
2.30%*$100k*-24 Month Certificate
OTHER TIERS: 2.25% $1k - $100k
2.13%*$100k*-12 Month Certificate
OTHER TIERS: 2.03% $1k - $100k
1.30%*$100k*-6 Month Certificate
OTHER TIERS: 1.20% $1k - $100k

ABNB Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.05%*$100k*-60 Month IRA
OTHER TIERS: 2.85% $1k - $100k
2.70%*$100k*-36 Month IRA
OTHER TIERS: 2.65% $1k - $100k
2.35%*$100k*-24 Month IRA
OTHER TIERS: 2.30% $1k - $100k
2.18%*$100k*-12 Month IRA
OTHER TIERS: 2.08% $1k - $100k
1.35%*$100k*-6 Month IRA
OTHER TIERS: 1.25% $1k - $100k
Locations

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