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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 87th largest credit union in the state of Massachusetts. It is also the 2,956th largest credit union in the nation. It was established in 1964 and as of September of 2016, it had grown to 5 employees and 2,770 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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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 - YTD0.3%
Return on Equity - YTD2.7%
Annual Interest Income$585.00K
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$29.2MM$26.7MM
LoansQ3 2016vs Q3 2015$8.5MM$8.0MM
DepositsQ3 2016vs Q3 2015$25.9MM$23.5MM
Equity CapitalQ3 2016vs Q3 2015$3.2MM$3.2MM
Loan Loss AllowanceQ3 2016vs Q3 2015$140.00K$158.00K
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$102.00K$72.00K
Real Estate OwnedQ3 2016vs Q3 2015$0$0
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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

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