2. Air Academy Federal Credit Union

Air Academy Federal Credit Union


Overview / Commentary
www.aafcu.com
719-593-8600
9810 N Union Blvd
Colorado Springs, CO 80924-5002

Air Academy Federal Credit Union is headquartered in Colorado Springs and is the 9th largest credit union in the state of Colorado. It is also the 509th largest credit union in the nation. It was established in 1955 and as of March of 2019, it had grown to 134 employees and 48,300 members at 8 locations. Air Academy Federal Credit Union's money market rates are 5X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Air Academy Federal Credit Union is open to employees, families and students in 10 local school districts, all active and retired military, and more than 200 select businesses.
See current membership details

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Reviews (11)

Excellent Experience

Posted by: Susan Pedersen | Aug 18, 2016

I have an auto loan through AAFCU and received a promo offer by email for a personal loan. The process was lightning fast, the terms excellent. It was trouble free. I had the funds in 15 minutes. I have never had such a great experience with a banking entity. Dallas was wonderful

2

Darold Kern At AAFCU Was Extremely Informed And Helpful

Posted by: RobandKerraMM | Sep 27, 2010

We have done several loans through Darold Kern at AAFCU and have always appreciated his professionalism and courtesy.  He kept us informed in a timely manner and helped us in looking at several options until we found the best product for our unique situation.  His understanding of the loan industry allowed us to get financing for our home when we had been told by other institutions that it wouldn't work. We will happily continue to do business with Darold Kern and AAFCU

7

Accounts with AAFCU going on 15 years

Posted by: Avery1 | Feb 8, 2016

We have had our checking and savings account with Air Academy for over 15 years now. We have been very happy with the credit union. Our checking and savings account do not have any fees on them. We do have to use their ATM's or we do get charged and they do not refund ATM fees. This isn't a big deal most of the time as we live near a branch but is kind of a headache when traveling. I love Air Academy's online banking as it allows me to do 99% of my banking online. It is very easy to use, very easy to send checks to company's or individuals. I also use their mobile banking application which is great for depositing checks without leaving the house and having to the drive to the branch. Over the years, we have been very happy with Air Academy as we have paid very little, if any fees and any time we go into the branch the staff is very helpful and efficient. I would recommend AAFCU to anyone.

1

In My Opinion..

Posted by: Myersr1 | Aug 17, 2017

In my opinion after a recent auto loan and a refinance I wouldn't suggest AAFCU to anyone that I know. Several small billing issues, such as overcharges, built up and caused a lot of problems for me. When attempting to address the issues with a manager before it was out of hand, that manager chose not to investigate the matter(s). I feel that was against the information provided to me in my member's monthly statements. This among other problems is why I would not recommend this bank or it's services.

1
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Health
B+

Data as of Q1 2019

Learn why bank health matters

Health Grade Components

Overall
NCUA #10600
Year Chartered1955
Employees134
Primary Regulator
Profit Margin
Return on Assets - YTD0.56%
Return on Equity - YTD6.24%
Annual Interest Income$5.1MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$588.5MM$586.0MM
LoansQ1 2019vs Q1 2018$519.2MM$510.8MM
DepositsQ1 2019vs Q1 2018$520.9MM$531.9MM
Equity CapitalQ1 2019vs Q1 2018$53.9MM$49.6MM
Loan Loss AllowanceQ1 2019vs Q1 2018$2.2MM$3.0MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$1.4MM$2.1MM
Real Estate OwnedQ1 2019vs Q1 2018$467.00K$786.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Air Academy 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.

Air Academy Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*-$50kKasasa Saver
OTHER TIERS: 0.15% → $50k+
0.15%*$25k*-Health Savings Account
OTHER TIERS: 0.05% → Up to $10k | 0.10% → $10k - $25k
0.05%$5-Share Account
0.05%--IRA Share Account

Air Academy Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*$500k*-Money Fund
OTHER TIERS: 0.05% → $1k - $10k | 0.10% → $10k - $25k | 0.15% → $25k - $50k | 0.25% → $50k - $100k | 0.30% → $100k - $250k | 0.35% → $250k - $500k
2.00%*$250k*-Business Money Fund
OTHER TIERS: 0.05% → $50k - $100k | 0.10% → $100k - $250k

Air Academy Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%*-$25kKasasa Cash Checking
OTHER TIERS: 0.15% → $25k+
2.00%-- COLTAF Checking

Air Academy Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.60%*$10k*-60 Month CD
OTHER TIERS: 2.50% → $500 - $10k
2.35%*$10k*-48 Month CD
OTHER TIERS: 2.25% → $500 - $10k
2.25%*$10k*-36 Month CD
OTHER TIERS: 2.15% → $500 - $10k
1.90%*$10k*-24 Month CD
OTHER TIERS: 1.80% → $500 - $10k
1.55%*$10k*-12 Month CD
OTHER TIERS: 1.45% → $500 - $10k
1.40%*$10k*-6 Month CD
OTHER TIERS: 1.30% → $500 - $10k

Air Academy Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.60%*$10k*-60 Month IRA
OTHER TIERS: 2.50% → $500 - $10k
2.35%*$10k*-48 Month IRA
OTHER TIERS: 2.25% → $500 - $10k
2.25%*$10k*-36 Month IRA
OTHER TIERS: 2.15% → $500 - $10k
1.90%*$10k*-24 Month IRA
OTHER TIERS: 1.80% → $500 - $10k
1.55%*$10k*-12 Month IRA
OTHER TIERS: 1.45% → $500 - $10k
Locations


Air Academy Federal Credit Union Locations
Branch Office1910 Southgate RdColorado Springs, CO 80906-2688
Branch Office714 S Perry St Unit DCastle Rock, CO 80104-1947
Branch Office4920 N Union BlvdColorado Springs, CO 80918-4073
Branch Office545 W Highlands Ranch Pkwy Bldg 4Highlands Ranch, CO 80129-6950
Branch Office417 3rd StMonument, CO 80132-9109
Branch Office10841 Crossroads Dr Ste 7Parker, CO 80134-9000
Branch Office5136 Community Center DrUSAF Academy, CO 80840-3002
Branch Office9810 N Union BlvdColorado Springs, CO 80924-5002

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