Andover Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 0.56% | 1-year CD | 12 Months CD 2.45% - Synchrony Bank 12 Month CD |
| 0.20% | Savings | Main Share |
| 1.01% | 2-year CD | 24 Months CD |
Andover Federal Credit Union is headquartered in Andover and is the 82nd largest credit union in the state of Massachusetts. It is also the 2,865th largest credit union in the nation. It was established in 1964 and as of March of 2018, it had grown to 5 employees and 2,627 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 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 16067 |
| Year Chartered | 1964 |
| Employees | 5 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.39% |
| Return on Equity - YTD | 3.59% |
| Annual Interest Income | $208.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2018vs Q1 2017 | $31.3MM$30.6MM |
| Loans | Q1 2018vs Q1 2017 | $8.7MM$8.3MM |
| Deposits | Q1 2018vs Q1 2017 | $27.9MM$27.3MM |
| Equity Capital | Q1 2018vs Q1 2017 | $3.3MM$3.2MM |
| Loan Loss Allowance | Q1 2018vs Q1 2017 | $139.00K$137.00K |
| Unbacked Noncurrent Loans | Q1 2018vs Q1 2017 | $78.00K$34.00K |
| Real Estate Owned | Q1 2018vs Q1 2017 | $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
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| 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 | 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 |