Air Force Federal Credit Union was established in 1952 by Airmen volunteers as Lackland Federal Credit Union. Today, it is headquartered in San Antonio, TX, and its funds are insured by the National Credit Union Administration.
Air Force FCU provides a range of personal deposit accounts to its members, including checking accounts, savings accounts, money market accounts, Certificates of Deposit (CDs), and Individual Retirement Accounts (IRAs). Customers can securely and conveniently access their funds via online and mobile banking.
The credit union requires a basic savings account for membership, and its checking accounts include a product option for those with poor credit history. Money market accounts yield tiered interest rates, based upon the account balance. CD terms range from 6 months to 7 years, and CD funds may be used as collateral for certain loans. IRA options include Traditional, Roth, and Coverdell ESA products.
In addition to offering payroll and merchant payment processing services to its business clients, Air Force FCU also offers business checking accounts.
AFFCU is open to (1) Active or Retired service members of the Army, Marine Corps, Airforce, Navy, National Guards, (2) DoD and US Government employees (current or retired) (3) Immediate and extended family of either service members or credit union members, (4) anyone affiliated with the following SEGs: Airman Heritage Foundation, San Antonio Food Bank (working in San Antonio, Texas), or those honorably discharged from the National Guard or US Armed Services who reside in Oklahoma, Texas, Louisiana, Mississippi or Arkansas, or any other group (a complete list can be found on the credit union's website).
See current membership details
FYI reference: https://www.magnifymoney.com/blog/reviews/air-force-federal-credit-union/
"The credit union currently pays the same interest rate regardless of the size of your deposit. They do offer a rate bonus if you use other services there. If you have either an AFFCU checking account or loan, they will add an additional 10 basis points to your interest rate; if you have both a checking account and loan they will add 20 basis points".
|Return on Assets - YTD||1.08%|
|Return on Equity - YTD||14.66%|
|Annual Interest Income||$16.2MM|
|Assets and Liabilities|
|Assets||Q3 2022vs Q3 2021||$610.4MM$563.0MM|
|Loans||Q3 2022vs Q3 2021||$519.9MM$453.8MM|
|Deposits||Q3 2022vs Q3 2021||$520.7MM$515.5MM|
|Equity Capital||Q3 2022vs Q3 2021||$44.3MM$41.8MM|
|Loan Loss Allowance||Q3 2022vs Q3 2021||$1.6MM$1.2MM|
|Unbacked Noncurrent Loans||Q3 2022vs Q3 2021||$2.9MM$1.3MM|
|Real Estate Owned||Q3 2022vs Q3 2021||$0$0|
Rates for AFFCU are currently being reviewed.
|Branch Office||200 Avenue C||Del Rio, TX 78840|
|Branch Office||151 Valley HI Dr||San Antonio, TX 78227|
|Branch Office||3103 Wurzbach Rd||San Antonio, TX 78238|
|Branch Office||1560 Cable Ranch Rd Ste 200||San Antonio, TX 78245|
|Branch Office||2250 Kenly Ave||San Antonio, TX 78236|
|Branch Office||6000 FM 3009 Ste 206||Schertz, TX 78154|
|Branch Office||1908 Highway 45 N Suite 1||Columbus, MS 39705|
|Branch Office||9910 W Loop 1604 N Ste 129||San Antonio, TX 78254|