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Andover Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
0.56%1-year CD12 Months CD
1.35% - Ally Bank High Yield 12-Month CDAdvertisement
0.20%SavingsMain Share
1.05% - Barclays Online Savings AccountAdvertisement
1.01%2-year CD24 Months CD
1.50% - Ally Bank Raise Your Rate 2-Year CDAdvertisement
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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 84th largest credit union in the state of Massachusetts. It is also the 2,939th largest credit union in the nation. It was established in 1964 and as of December of 2016, it had grown to 5 employees and 2,700 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 Q4 2016

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 Chartered1964
Employees5
Primary Regulator
Profit Margin
Return on Assets - YTD0.33%
Return on Equity - YTD2.97%
Annual Interest Income$785.00K
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$29.5MM$28.4MM
LoansQ4 2016vs Q4 2015$8.5MM$8.2MM
DepositsQ4 2016vs Q4 2015$26.2MM$25.2MM
Equity CapitalQ4 2016vs Q4 2015$3.2MM$3.2MM
Loan Loss AllowanceQ4 2016vs Q4 2015$141.00K$159.00K
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$58.00K$78.00K
Real Estate OwnedQ4 2016vs Q4 2015$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$10k*-Money Market
OTHER TIERS: 0.20% → $2,500 - $10k

Andover Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.01%$500-24 Months Roth IRA
1.01%$500-24 Months IRA
0.81%$500-18 Months IRA
0.81%$500-18 Months Roth IRA
0.56%$500-12 Months Roth IRA
0.56%$500-12 Months IRA
0.50%$500-6 Months IRA
0.50%$500-6 Months Roth IRA
Locations


Andover Federal Credit Union Locations
Branch Office19C Lupine RdAndover, MA 01810-3909
Branch Office57 River RdAndover, MA 01810