Andrews Federal Credit Union is headquartered in Suitland and is the 5th largest credit union in the state of Maryland. It is also the 221st largest credit union in the nation. It was established in 1948 and as of June of 2016, it had grown to 273 employees and 119,430 members at 14 locations. Andrews Federal Credit Union has an A+ health rating.
Membership in Andrews Federal Credit Union is open to anyone through the American Consumer Council. Membership is also open to those who live, work, worship, or attend school in Washington, D.C.; military and civilian personnel from Joint Base Andrews or Joint Base McGuire-Dix-Lakehurst; and other military-related qualifications.
See current membership details
In these turbulent times Andrews FCU has very competitive rates and helpful, knowledgable IRA staff. I completed, printed and mailed in their online form with instructions to move my IRA from Betterment. It all worked very smoothly and the whole process took two weeks by US Mail. I recommend you provide Andrews with wiring instructions to speed up the process.
Become a member of the American Consumer Council to be a member of Andrews Federal Credit Union if you don't have a branch nearby.
As a remote customer not related to Andrews I'd say the service is pretty good and the process went smoothly.
The steps include -
1. Joining ACC online
2. Joining AFCU online (both instantaneous, pay $5 each with credit card)
3. Print/fill out and priority mail Trustee-to-Trustee fund transfer request form (form 302 from website) to AFCU (2-day)
4. AFCU mails request form to Fidelity (2-day)
5. Fidelity wires fund to AFCU (free from Fidelity and no charge for inbound from AFCU).
6. In the meantime print/fill out an IRA application form (form 98 from website) then scan/email to AFCU before the arrival of the fund.
7. Rate is locked once fund is received.
|Return on Assets - YTD||0.54%|
|Return on Equity - YTD||3.7%|
|Annual Interest Income||$20.6MM|
|Assets and Liabilities|
|Assets||Q2 2016vs Q2 2015||$1.16B$1.07B|
|Loans||Q2 2016vs Q2 2015||$803.4MM$687.2MM|
|Deposits||Q2 2016vs Q2 2015||$925.0MM$855.1MM|
|Equity Capital||Q2 2016vs Q2 2015||$167.9MM$161.1MM|
|Loan Loss Allowance||Q2 2016vs Q2 2015||$8.6MM$8.3MM|
|Unbacked Noncurrent Loans||Q2 2016vs Q2 2015||$4.2MM$3.3MM|
|Real Estate Owned||Q2 2016vs Q2 2015||$0$0|
This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.
Rates for Andrews Federal Credit Union are currently being reviewed.