Andover Federal Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
0.56%	1-year CD	12 Months CD 1.50% - Ally Bank No Penalty 11-Month CD
0.20%	Savings	Main Share 1.20% - Ally Bank Online Savings Account
1.01%	2-year CD	24 Months CD 1.50% - Ally Bank Raise Your Rate 2-Year CD

View all Andover Federal Credit Union rates »

Overview / Commentary

www.andoverfcu.com

978-475-6133

19C Lupine Rd
Andover, MA 01810-3909

Andover Federal Credit Union is headquartered in Andover and is the 83^rd largest credit union in the state of Massachusetts. It is also the 2,908^th largest credit union in the nation. It was established in 1964 and as of June of 2017, it had grown to 5 employees and 2,710 members at 2 locations. Andover Federal Credit Union's money market rates are 14% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership is open to employees of the town of Andover, Phillips Academy, Greater Lawrence Collaborative, Andover Housing Authority, Shed in Andover, Elm St. Auto, Doherty Insurance in Andover, OPTECH, Greater Lawrence Technical High School, United States Postal Service in Andover, Gould Landscaping, Andover Insurance Agency in Andover, J.W. Watson in Andover, Vale Landscaping in Andover, or Salon 22 in Andover.
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Health

B+

Data as of Q2 2017

Learn why bank health matters

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Andover Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #	16067
Year Chartered	1964
Employees	5
Primary Regulator

Profit Margin
Return on Assets - YTD	0.28%
Return on Equity - YTD	2.64%
Annual Interest Income	$396.00K

Assets and Liabilities
Assets	Q2 2017vs Q2 2016	$30.5MM$29.5MM
Loans	Q2 2017vs Q2 2016	$8.6MM$8.2MM
Deposits	Q2 2017vs Q2 2016	$27.2MM$26.3MM
Equity Capital	Q2 2017vs Q2 2016	$3.3MM$3.2MM
Loan Loss Allowance	Q2 2017vs Q2 2016	$138.00K$139.00K
Unbacked Noncurrent Loans	Q2 2017vs Q2 2016	$130.00K$101.00K
Real Estate Owned	Q2 2017vs Q2 2016	$0$0

Rates

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Money Market
CD
IRA

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

Andover Federal Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%	$25	-	IRA Savings
0.50%	$25	-	Roth IRA Savings
0.20%	$25	-	Main Share
0.20%	-	-	Club Share

Andover Federal Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.50%^*	$10k^*	-	Money Market
OTHER TIERS: 0.20% → $2,500 - $10k

Andover Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.01%	$500	-	24 Months CD
0.81%	$500	-	18 Months CD
0.56%	$500	-	12 Months CD
0.50%	$500	-	6 Months CD

Andover Federal Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.01%	$500	-	24 Months IRA
0.81%	$500	-	18 Months IRA
0.56%	$500	-	12 Months IRA
0.50%	$500	-	6 Months IRA

Locations

Andover Federal Credit Union Locations
Branch Office	19C Lupine Rd	Andover, MA 01810-3909
Branch Office	57 River Rd	Andover, MA 01810