Andrews Federal Credit Union


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

Founded in 1948 by just eight people with $5 each, 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

NEW! 75TH ANNIVERSARY FAREWELL SALUTE CERTIFICATE - 12/4/2023

Earn 5.25 APY* for 7.5 Months With our Black Friday Share Certificate Special, you can earn 5.25% APY* for 7.5 months For a limited time, earn 11x the national savings rate $1,000 minimum balance required to open your account Open your Share Certificate easily in Digital Banking or in a branch https://www.andrewsfcu.org/Learn/Resources/Rates/Share-Certificate-Rates#JumboSpecialShareCertificate

Andrews New Kasasa Checking Account - 12/1/2023

Andrews is adding Kasasa checking account that will have a 6% APY with a $25k cap. It’s called Kasasa cash back checking. Email states more details coming soon. Seems like a good deal if you are already a member.

Andrews FCU Rates Heading DOWN - 8/19/2023

Unfortunately, Andrews FCU has made some rate changes that are in the WRONG direction while other FI's are still raising rates to new highs! Rates decline .20%-.30% across their various term offerings. Hmm, not good! https://www.andrewsfcu.org/Learn/Resources/Rates/Share-Certificate-Rates#JumboFixedRateShareCertific...

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Great Customer Service

Posted by: |

Have been a member for 7 years and have appreciated the friendly, knowledgeable CSR’s. Just had some CD’s mature at the end of the month and because their rates were a little lower I did not renew but wouldn’t hesitate to do businesss with them in the.future.

Clumsy And Unfriendly Website.

Posted by: |

6% on $25,000 is a good deal. I had a CD with them which matured in July. I opened a Kasasa Cash account but they did not remember me. I sent Dl photos and a utility bill pdf which they did not accept because it was made with an old Adobe! When I finally got the account, they gave me a new member number. When I tried to log in, I was connected to the old member number. It took almost an hour with a befuddled CS rep to straighten out. Waiting now for a Debit Card. Wish me luck.
One problem with the website is that links which should easily be available on the page are either missing or buried somewhere. You can get what you need from the Chat but the box is very small and links take 5 or 6 lines of text while the message is scrolled off the top of the screen. It also, after about 20 seconds, says “We haven’t heard from you in a while. Do you still want to chat?”

Closed My Account A Few Days Ago

Posted by: |

For about the 3rd or 4th time over the last year I got some kind of email from them telling me of a message.
Only to read their message I had to create a special username and password. (Above & beyond my regular username & password)

Absolutely ridiculous. So, apparently it was the 3rd or 4th message that I did not read. And it was not in response to me in any way.

I chatted with customer service and she acted like it was my problem. Well, not anymore.

I must have deleted it so I can't post it here.

Heads up to the really important person who thought it was a good idea to require a special username & password.

If any other bank or credit union does the same, I will also close those accounts.

Cannot Get My Money Out

Posted by: |

I called customer service two separate times asking that my 5-year certificate not be renewed and the balance be deposited into my membership savings account. Customer service rep said that my computer records indicated my intention but my on-line account never changed from "renew" and my certificate is now showing it has renewed for another five years. I am told there is no manager to speak to and was referred to Escalation Dept. Escalation Department said they cannot handle this and abruptly ended the call. I was told that I could not call the certificate department directly. Basically, I cannot access or get my money out. Frighteningly, horrible customer service. I will never do business with them again. Unresponsive.

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Health
B+

Health Grade Components

Overall
NCUA #5754
Year Chartered1948
Employees318
Primary Regulator
Profit Margin
Return on Assets - YTD0.6%
Return on Equity - YTD5.81%
Annual Interest Income$28.9MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$2.6B$2.45B
LoansQ1 2024vs Q1 2023$1.87B$2B
DepositsQ1 2024vs Q1 2023$1.95B$1.95B
Equity CapitalQ1 2024vs Q1 2023$253MM$234.6MM
Loan Loss AllowanceQ1 2024vs Q1 2023$18.9MM$20.8MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$22.3MM$18.8MM
Real Estate OwnedQ1 2024vs Q1 2023$0$0
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
5.75%*$0$1kOnline Savings Special
OTHER TIERS: 0.05% $1k+
2.00%*$0$100kKasasa Saver
OTHER TIERS: 0.50% $100k+
0.05%$100-IRA Savings
0.05%$100-Base Share Savings
0.05%$100-Planner Saving
0.05%$0-Holiday Club Account
0.05%$0-Vacation Club
0.05%$100-Business Planning Savings

Andrews Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.05%*$100k*-Premium High Yield Money Market
OTHER TIERS: 1.50% $0 - $100k
1.25%*$50k*-Premium Money Market
OTHER TIERS: 1.05% $0 - $2.5k | 1.10% $2.5k - $20k | 1.15% $20k - $50k

Andrews Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
6.00%*$0$25kKasasa Cash
OTHER TIERS: 0.50% $25k+
0.05%$5k-Business Partnership Checking

Andrews Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.05%$10k-12 Month Jumbo Share Certificate
5.00%$1k-12 Month Share Certificate
4.35%$10k-24 Month Jumbo Share Certificate
4.30%$1k-24 Month Share Certificate
4.30%$1k-24 Month Raise Your Rate Share Certificate
4.15%$10k-36 Month Jumbo Share Certificate
4.10%$1k-36 Month Share Certificate
4.10%$1k-36 Month Raise Your Rate Share Certificate
4.00%$10k-48 Month Jumbo Share Certificate
3.95%$1k-48 Month Share Certificate
3.95%$10k-60 Month Jumbo Share Certificate
3.95%$1k-48 Month Raise Your Rate Share Certificate
3.90%$1k-60 Month Share Certificate
3.35%$10k-6 Month Jumbo Share Certificate
3.30%$1k-6 Month Share Certificate
1.00%$50-36 Month The Generator Certificate
0.95%$50-24 Month The Generator Certificate
0.90%$50-12 Month The Generator Certificate
0.30%$1k-84 Month Share Certificate

Andrews Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.05%$10k-12 Month Jumbo IRA Certificate
5.00%$1k-12 Month IRA Certificate
4.35%$10k-24 Month Jumbo IRA Certificate
4.30%$1k-24 Month IRA Certificate
4.15%$10k-36 Month Jumbo IRA Certificate
4.10%$1k-36 Month IRA Certificate
4.00%$10k-48 Month Jumbo IRA Certificate
3.95%$1k-48 Month IRA Certificate
3.95%$10k-60 Month Jumbo IRA Certificate
3.90%$1k-60 Month IRA Certificate
3.35%$1k-84 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.