Featured Savings Rates
Featured Accounts

Andover Federal Credit Union

Popular Accounts at this Credit Union

0.56%1-year CD12 Months CD
0.20%SavingsMain Share
1.01%2-year CD24 Months CD

Overview / Commentary
19C Lupine Rd
Andover, MA 01810-3909

Andover Federal Credit Union is headquartered in Andover and is the 83rd largest credit union in the state of Massachusetts. It is also the 2,908th 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.
See current membership details


No reviews have been left for this bank yet. Be the first to review.

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

NCUA #16067
Year Chartered1964
Primary Regulator
Profit Margin
Return on Assets - YTD0.28%
Return on Equity - YTD2.64%
Annual Interest Income$396.00K
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$30.5MM$29.5MM
LoansQ2 2017vs Q2 2016$8.6MM$8.2MM
DepositsQ2 2017vs Q2 2016$27.2MM$26.3MM
Equity CapitalQ2 2017vs Q2 2016$3.3MM$3.2MM
Loan Loss AllowanceQ2 2017vs Q2 2016$138.00K$139.00K
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$130.00K$101.00K
Real Estate OwnedQ2 2017vs Q2 2016$0$0
Skip to rates for:
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Andover 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.

Andover Federal Credit Union Savings Account Rates

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

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

Andover Federal Credit Union CD Rates

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

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

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