Andrews Federal Credit Union


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

Founded in 1948 by just eight people with $5 apiece, Andrews Federal Credit Union now provides a variety of financial products and services to over 120,000 members throughout Washington, DC, Maryland, New Jersey, and Virginia. It also serves members at select military outposts in Germany, Belgium, and the Netherlands.

There are a variety of personal depository banking products available from the credit union. These include savings accounts, checking accounts, Certificates of Deposit (CDs), and money market accounts. Andrews Federal Credit Union requires a basic savings account for membership, but it also offers Individual Retirement Account (IRA) savings accounts, as well as holiday savings accounts, vacation savings accounts, and youth savings accounts. As for checking accounts, the credit union provides both non-interest-bearing and interest-bearing options, depending upon the account balance. Standard CDs are available, as well as Traditional, Educational, and Roth IRAs available as CDs. CD terms range from 6 months to 84 months, and higher interest rates are available for larger “jumbo” CD balances. The credit union also offers personal loans, credit, insurance, and investment services.

Andrews Federal Credit Union also provides business savings accounts and business checking accounts. The latter vary by account balance and number of transactions. In addition to these deposit account products, business loans and other business services – such as payroll and merchant processing – are also available.

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

Andrews FCU Share Certificate Specials - Rate Cuts - 8/14/2019

https://www.andrewsfcu.org/personal/checking-and-savings/share-certificates.html  8-Month Share Certificate to 2.05% from 2.86% 17-Month Share Certificate to 2.25% from 2.95% 55-Month Share Certificate to 2.60% from 3.05% 84-Month Share Certificate to 3.05% from 3.45%

3.45% -84 Month CD / 3.05% -55 Month - 8/7/2019

https://www.andrewsfcu.org/whats-new/promotions/specials.html 8-Month Share Certificate with 2.86% APY1 17-Month Share Certificate with 2.95% APY2 55-Month Share Certificate with 3.05% APY3 84-Month Share Certificate with 3.45% APY4 $250,000 maximums, change any time....

3.05% For 55Mo Or 2.75% For 9Mo. - 6/10/2019

Andrews is running 2 CD promotions now: #1) 55-month (about 4 1/2 years) CD w/ 3.05% APY #2) 9-month CD with 2.75% This was printed on a letter from Andrews that just arrived. No further details (other than "available for a limited time"), but you can always call Andrews if interested.

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Takes A While But Well Worth It

Posted by: ET | Jul 31, 2019

Took 8 working days to open an account due to high volume.

Excellent customer service each time.

Well worth the time and effort. Currently they have the best CD rates, 8 months 2.86% APY and 17 months 2.95% APY specials. Maximum deposit for each special share certificate is $250,000.00.

Good Customer Service

Posted by: patdante | May 4, 2019

I have been an IRA customer for over three years as Andrews have some of the best CD rates around. When I have questions on my account, I email Andrews and they respond within 24 hours with prompt and courteous answers. When my CD matures in another 4 years, I may keep it here if there rates stay competitive. Keep up the good work AFCU.

Not Only Very Long Wait On Phone To Talk To Rep But Rep Does Not Know The Answer And You Have A Second Wait

I made a deposit through shared branching for $100,000. I had been told previously by one rep that after I made the deposit I needed to call to have the money put into their advertised CD. I called and was told by the rep I spoke with that my money was on hold for 12 days and there was nothing that could be done until then. When I became upset with that response, she said she would transfer me to the main office. Luckily I was not disconnected but did have another long wait. I explained to the second rep that I did not want to withdraw the money, just open a CD. The second rep said she could open the CD and would have the hold removed. After a lengthy wait, she did so. Not an easy process. Were it not for the 9 mo. CD at 2.75% I would never deal with this credit union again.

85K CD Application Denied Due To Algorithm

Posted by: jlgayh76 | Jul 29, 2019

I and my wife's Andrews FCU application was just denied online for a 3.45 7 year CD. The online site didn't give a reason as to why my application was denied. I called customer service. The representative took about 15 minutes wait time, then told me that my application had been denied due to some type of algorithm they use. I said my credit rating and my wife's credit ratings were in the 800's. We are retired, own our own home, fully paid off and have substantial savings and net worth.
The rep said that credit scores were only part of the their algorithm score, but wouldn't divulge what other factors they consider.

I can't believe an institution that makes you go through all these hoops online to provide personal information and then at the last minute use some sort of "Star Chamber" secret scoring system to deny the funding of an Certificate of Deposit with them. I guess I should be glad they don't want my money so I can go elsewhere.

Never in my 60 years of life, have I ever been treated like this by a financial institution. For those thinking of using Andrews for anything, I would advise staying away, period!

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Health

Health Grade Components

Overall
NCUA #5754
Year Chartered1948
Employees302
Primary Regulator
Profit Margin
Return on Assets - YTD0.7%
Return on Equity - YTD7.15%
Annual Interest Income$36.6MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$1.92B$1.63B
LoansQ2 2019vs Q2 2018$1.57B$1.41B
DepositsQ2 2019vs Q2 2018$1.61B$1.33B
Equity CapitalQ2 2019vs Q2 2018$185.9MM$173.1MM
Loan Loss AllowanceQ2 2019vs Q2 2018$24.0MM$19.2MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$9.1MM$8.0MM
Real Estate OwnedQ2 2019vs Q2 2018$68.00K$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.

Andrews FCU Share Certificate Specials - Rate Cuts

SYC   |  
https://www.andrewsfcu.org/personal/checking-and-savings/share-certificates.html 

8-Month Share Certificate to 2.05% from 2.86%
17-Month Share Certificate to 2.25% from 2.95%
55-Month Share Certificate to 2.60% from 3.05%
84-Month Share Certificate to 3.05% from 3.45%

3.45% -84 Month CD / 3.05% -55 Month

retirednc   |  
https://www.andrewsfcu.org/whats-new/promotions/specials.html

8-Month Share Certificate with 2.86% APY1
17-Month Share Certificate with 2.95% APY2
55-Month Share Certificate with 3.05% APY3
84-Month Share Certificate with 3.45% APY4

$250,000 maximums, change any time....

Rates
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Always verify rates and promotions with the bank or credit union. We are not Andrews 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.

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
0.31%$100-Business Base Share Savings
0.10%$100-Business Planning Savings

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
0.20%$1.5k-Advantage Checking
0.05%$5k-Business Partnership Checking

Andrews Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.05%$1k$250k84 Month Certificate Special
2.60%$1k$250k55 Month Certificate Special
2.25%$1k$250k17 Month Certificate Special
2.20%$1k-84 Month Share Certificate
2.05%$1k$250k8 Month Certificate Special
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
1.55%$10k-36 Month Jumbo Share Certificate
1.50%$1k-36 Month Share Certificate
1.50%$10k-24 Month Jumbo Share Certificate
1.46%$1k-48 Month Bump Up Certificate Special
1.45%$1k-24 Month Share Certificate
1.45%$10k-12 Month Jumbo Share Certificate
1.41%$1k-12 Month Share Certificate
1.26%$1k-36 Month Bump Up Certificate Special
1.00%$1k-24 Month Bump Up Certificate Special
0.60%$10k-6 Month Jumbo Share Certificate
0.55%$1k-6 Month Share Certificate
0.55%$50-36 Month The Generator Certificate Special
0.45%$50-24 Month The Generator Certificate Special
0.40%$50-12 Month The Generator Certificate Special

Andrews Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.20%$1k-84 Month IRA Certificate
2.10%$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
1.55%$10k-36 Month Jumbo IRA Certificate
1.50%$1k-36 Month IRA Certificate
1.50%$10k-24 Month Jumbo IRA Certificate
1.45%$1k-24 Month IRA Certificate
1.45%$10k-12 Month Jumbo IRA Certificate
1.41%$1k-12 Month IRA Certificate
0.60%$10k-6 Month Jumbo IRA Certificate
0.55%$1k-6 Month IRA Certificate
Locations

Availability

Washington Area

Interactive local rates map


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.