Featured Savings Rates
Featured Accounts

Andrews Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.91%5-year CD60 Month Share Certificate
1.61%4-year CD48 Month Share Certificate
1.31%3-year CD36 Month Share Certificate

Overview / Commentary
800-487-5500
5711 Allentown Rd
Suitland, MD 20746

Andrews Federal Credit Union is headquartered in Suitland and is the 4th largest credit union in the state of Maryland. It is also the 211th largest credit union in the nation. It was established in 1948 and as of September of 2016, it had grown to 275 employees and 119,281 members at 15 locations. Andrews Federal Credit Union's money market rates are 36% higher than the national average, and it boasts an A+ health rating.

Field of Membership Restrictions

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

Related Posts

Good Overview Of Joining Andrews FCU And Opening Its 3.01% CDs - 1/20/2017

Andrews Federal Credit Union's 3.01% 7-year CD special is scheduled to last through December. You still have time to join the credit union and open the CD. Jonathan at MyMoneyBlog has a good review of the steps he used to join Andrews and open the special CD. Some useful things he noted: * There's a hard credit inquiry in the application process  * Signature card can be done online via DocuSign * Easy way to fund CD is to use a bank like Ally to ACH transfer into your new Andrews share savings account  * Once the money is in the savings account, you can open and fund the CD using Andrews online application For more details of this special CD, please refer to my blog post.

Andrews FCU Extends Black Friday CD Deals Through 12/31/2016 - 12/2/2016

Andrews FCU (easy membership) has 3 Black Friday CDs now through 11/30/16: 3-month, 3.01% APY; 18-month, 1.81% APY; and 84-month, 3.01% APY. Min deposit is $1k.

Promtions Extended To Year-End - 12/29/2016

The Andrews website makes it official that its :Black Friday" CD promotions have become "Holiday" promotions and will last until year-end.

View all posts from:


Often Has Good CD Specials

I joined for the chip-and-PIN card to travel in Europe, and it's worked well for me. Like many credit unions, they wanted a bit more documentation (pay stubs, etc) than is typical for large national banks, but that was a price well worth paying because the large national banks still love chip-and-signature and it can be hard to get a card that works right in Europe.

I also occasionally take advantage of CD specials, like the current 3% holiday special (available in your choice of either 3 month or 84 month terms, but nothing in between).

Unlike some other reviews, I didn't find the membership process to be too bad, but there wasn't a high volume of new members stampeding for a special when I joined, either.

Tips For Opening Account

Posted by: itserich | Dec 28, 2016

I applied online, do not live near any branches.

ACH Limits: The maximum ACH limit on application is $1,000, and is not disclosed until the last page of the application. Once opened, the maximum ACH transfer through Andrews is $5,000 per day and $25,000 per month. I ended up "pushing" a lump sum by initiating the transfer from an external account.

Opening Share Certificate: Once the money was in the Base Savings account, I called to have a Share Certificate opened. I tried numerous times during the afternoon with no success beyond being on hold. Finally I called one morning around 9am eastern time and reached someone. The transfer was quick and easy. I was told that department opens at 8am eastern time.

Confirmation: When opening a share certificate by phone, request the confirmation be sent by email. This can be sent instantly. Andrews is the only credit union I have seen which does not list the rate paid for the share certificate online in the account's summary. So, be sure to get a copy of the confirmation. If not sent by email, it is sent by postal mail.

Good luck to anyone. I was opening short term CDs so was not very aggressive in getting it opened, but am glad to have finally opened at least some of what I wanted.

Best CD, Inconsistent Customer Service

Posted by: gnarlycow | Dec 22, 2016

Andrews' 7-year holiday special CD is the best at this time, with 3.01% APY and 180-day interest early withdrawal penalty. Even if I withdraw everything after two years, the effective APY is still >2%.

I applied for membership online. They asked for ID verification docs which I uploaded right away. After that I didn't hear from them for a whole month! I then left them a message asking what was taking so long. It turned out they wanted one more thing from me - proof of address. Once I uploaded that, they approved my application.

I went to a local CU branch and deposited a check to my Andrews' savings through co-op. Then I called Andrews to open the CD, but the first rep told me they cannot open new account over the phone... I just thanked her, hung up, and called again. This second rep was fantastic; took care of the opening process under two minutes.

Long Wait For Application Process, Long Wait If Calling During Week Days, Very Limited ACH, Representative No So Helpful

I applied online. the application has not been approved after more than 1 week.

I also don't like their customer service on phone. I called about if I can use my other bank to do ACH deposit/withdraw, and how long it normally takes application to go through and what is my application status. the representative put me on hold, and the phone disconnected after me on hold for 45 min. I was on hold already for 40 min before talking to the representative. So, I called total of 3 times, 1st time total of 45 min on hold, 2nd time almost 1.5 hours. And representatives are not so helpful. mostly "can't help" or "I need to transfer you".

I just called today to cancel the membership. and they need to transfer me, and the main office just closed 15 min ago. So, they will call back by next Tues, and they don't give their main office number for me to call.

The short term CD rate is good, but doesn't worth the hours of waiting on phone and ended up no help or results. However, if you have a local branch, it's probably easier to open an account that way. Hopefully their branch employ is more helpful.

VIEW MORE REVIEWS

Health
A+

Health Grade Components

Overall
NCUA #5754
Year Chartered1948
Employees275
Primary Regulator
Profit Margin
Return on Assets - YTD0.52%
Return on Equity - YTD3.69%
Annual Interest Income$31.3MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$1.22B$1.09B
LoansQ3 2016vs Q3 2015$843.2MM$715.0MM
DepositsQ3 2016vs Q3 2015$983.9MM$861.9MM
Equity CapitalQ3 2016vs Q3 2015$168.5MM$163.1MM
Loan Loss AllowanceQ3 2016vs Q3 2015$8.7MM$8.2MM
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$4.5MM$4.1MM
Real Estate OwnedQ3 2016vs Q3 2015$95.00K$0
  User-submitted Promotions & Notices

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.

Good Overview Of Joining Andrews FCU And Opening Its 3.01% CDs

Ken Tumin   |  
Andrews Federal Credit Union's 3.01% 7-year CD special is scheduled to last through December. You still have time to join the credit union and open the CD. Jonathan at MyMoneyBlog has a good review of the steps he used to join Andrews and open the special CD.

Some useful things he noted:
* There's a hard credit inquiry in the application process 
* Signature card can be done online via DocuSign
* Easy way to fund CD is to use a bank like Ally to ACH transfer into your new Andrews share savings account 
* Once the money is in the savings account, you can open and fund the CD using Andrews online application

For more details of this special CD, please refer to my blog post.

Promtions Extended To Year-End

ChasR   |  
The Andrews website makes it official that its :Black Friday" CD promotions have become "Holiday" promotions and will last until year-end.

Lack Of Andrews Copycats Is Concerning

Frank Walker   |  
I had hoped by now we would be witnessing emergence of one or more Andrews copycats.  This goes double at this time with announcement of Andrews having extended its Black Friday deals.  Good heavens!

The Andrews terms are quite generous, especially the EWP on the long CD.  There are several financial institutions in the DC region I thought would be firing back, going toe to toe, and competing.  Where are competitive offerings from Northwest, AFCU, PenFed, and others?  Why does only Andrews need money?  And a whale of a LOT of money at that!!  Is this a risky Andrews strategy, a bet on higher rates going forward others are unwilling to make, that could end up a Valor-like error?

I dunno.

I was pretty much OK with the initial offering, but this extension double down leaves me really wondering what the heck is going on.  Course if other financial institutions jump in it will provide some level of confirmation of Andrews' wisdom.

Black Friday Promotions

ChasR   |  
Andrews FCU has just posted on its website a series of "Black Friday" promotions including a 3.01% APY 3-month CD, a 1.81% APY 18-month CD and a 3.01% 84-month CD.  The promotions run from November 7 through November 30.
The description of the promotions is cluttered with all sorts of fine print, and it's too late for me to try to parse through it all.  Tomorrow morning will be soon enough for me to see what limitations there are in the deals.  Those on the East Coast may want to get a jump on me. 

Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Andrews Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%--Holiday Club Account
0.40%--Vacation Club
0.31%$100-IRA Savings
0.31%$100-Base Share Savings
0.31%$100-Planner Saving

Andrews Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*$100k*-Money Market Account
OTHER TIERS: 0.25% Up to $1k | 0.35% $1k - $10k | 0.40% $10k - $50k | 0.50% $50k - $100k
0.60%*$100k*-IRA Money Market
OTHER TIERS: 0.25% Up to $1k | 0.35% $1k - $10k | 0.40% $10k - $50k | 0.50% $50k - $100k

Andrews Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$5k-Advantage Share Draft Account

Andrews Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.02%$10k-60 Month Jumbo Share Certificate
1.91%$1k-60 Month Share Certificate
1.76%$10k-48 Month Jumbo Share Certificate
1.61%$1k-48 Month Share Certificate
1.46%$1k-48 Month Bump Up CD Special
1.36%$10k-36 Month Jumbo Share Certificate
1.31%$1k-36 Month Share Certificate
1.26%$1k-36 Month Bump Up CD Special
1.15%$10k-24 Month Jumbo Share Certificate
1.00%$1k-24 Month Share Certificate
1.00%$1k-24 Month Bump Up CD Special
0.95%$10k-12 Month Jumbo Share Certificate
0.90%$1k-12 Month Share Certificate
0.60%$10k-6 Month Jumbo Share Certificate
0.55%$1k-6 Month Share Certificate
0.55%$50-36 Month The Generator CD Special
0.45%$50-24 Month The Generator CD Special
0.40%$50-12 Month The Generator CD Special

Andrews Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%$1k-84 Month IRA Certificate
2.25%$1k-72 Month IRA Certificate
2.02%$10k-60 Month Jumbo IRA Certificate
1.91%$1k-60 Month IRA Certificate
1.76%$10k-48 Month Jumbo IRA Certificate
1.61%$1k-48 Month IRA Certificate
1.36%$10k-36 Month Jumbo IRA Certificate
1.31%$1k-36 Month IRA Certificate
1.15%$10k-24 Month Jumbo IRA Certificate
1.00%$1k-24 Month IRA Certificate
0.95%$10k-12 Month Jumbo IRA Certificate
0.90%$1k-12 Month IRA Certificate
0.60%$10k-6 Month Jumbo IRA Certificate
0.55%$1k-6 Month IRA Certificate
Locations

Andrews Federal Credit Union has 15 locations. Click to view all Andrews Federal Credit Union locations.