Andover Federal Credit Union is headquartered in Andover and is the 81st largest credit union in the state of Massachusetts. It is also the 2,868th largest credit union in the nation. It was established in 1964 and as of March of 2019, it had grown to 6 employees and 2,570 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
Data as of Q1 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 16067 |
| Year Chartered | 1964 |
| Employees | 6 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.5% |
| Return on Equity - YTD | 4.42% |
| Annual Interest Income | $231.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2019vs Q1 2018 | $30.8MM$31.3MM |
| Loans | Q1 2019vs Q1 2018 | $8.9MM$8.7MM |
| Deposits | Q1 2019vs Q1 2018 | $27.2MM$27.9MM |
| Equity Capital | Q1 2019vs Q1 2018 | $3.5MM$3.3MM |
| Loan Loss Allowance | Q1 2019vs Q1 2018 | $180.00K$139.00K |
| Unbacked Noncurrent Loans | Q1 2019vs Q1 2018 | $59.00K$78.00K |
| Real Estate Owned | Q1 2019vs Q1 2018 | $0$0 |
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.50% | $25 | - | IRA Savings | |
| 0.20% | $25 | - | Main Share | |
| 0.20% | $5 | - | Vacation/Holiday 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% → $2.5k - $10k | |||||
Andover Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.01% | $500 | - | 24 Months IRA | |
| 0.81% | $500 | - | 18 Months IRA | |
| 0.56% | $500 | - | 12 Months IRA | |
| 0.50% | $500 | - | 6 Months IRA |
| Andover Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 19C Lupine Rd | Andover, MA 01810-3909 |
| Branch Office | 57 River Rd | Andover, MA 01810 |