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Andrews Federal Credit Union

Overview / Commentary
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

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.

Andrews Federal Credit Union Adds 17-month CD Special, 2.95% APY - 4/19/2019

Andrews Federal Credit Union (easy membership) has added a Special 17-month CD, earning 2.95% APY. $1k min/$250k max deposit. Limit of one CD per individual member.

17-Month Share Certificate With 2.95% - 4/17/2019

Special 17-Month Certificate offer and stated APY may change at any time. APY effective April 15, 2019, is 2.92%; interest rate is 2.95%. Certificate has a $1,000 minimum and a $250,000 maximum balance. Must maintain a minimum $1,000 balance to earn the advertised APY. At maturity, all 17-Month Certificates will automatically renew at the 12-Month share certificate rate and term. Each individual member limited to one Special 17-Month Certificate

View all posts from:

Best CD Rates

Posted by: kkmorse | Jun 10, 2019

Andrews seems to always offer the best CD rates and for that, I give them 5 stars.

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.

The Roach Hotel Of Credit Unions

I've had accounts with Andrews for several years. I originally joined to open an IRA CD but could never get in writing that I could take my RMD without paying early withdrawal penalties or breaking the CD. The CSR's just kept saying "we've always done it this way". That was not enough for me to commit $250,000 for 5 years to an IRA CD so the money went elsewhere. Then they offered me an auto loan refinance for .99% so I did that and figured it was worth it as I was earning 2.5% on the money that I owed on the loan. That was a nightmare to jump through all of the hoops that they presented and not worth the money I made on the difference. They also did a total of three hard pulls that persist on my record to this day when they told me I would only have one. I couldn't change the bank that they auto withdrew my payments on the loan without sending in a form and a voided check, so I just paid off the loan and waited 8 weeks to get the title. They originally took 6 months to get the title from Pen Fed when I transferred the loan to them.
Now I am trying to close my share savings account and waited a long time to talk with a CSR to request the account be closed and she said it would be done today. Today I got an email from them that says they need a signed request snail mailed to them with a copy of my drivers license in order to close the account. I haven't moved in 15 years but they need a photo ID with my current address in order to process my request to close my account and send me back my $5. I, like a lot of you here, have accounts at multiple banks and credit unions all across the country, and this is by far the worst place I have ever done my banking. If I can just close this account, I will never be back, I don't care what kind of interest rate they offer.



Health Grade Components

NCUA #5754
Year Chartered1948
Primary Regulator
Profit Margin
Return on Assets - YTD0.51%
Return on Equity - YTD5.14%
Annual Interest Income$17.8MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$1.89B$1.54B
LoansQ1 2019vs Q1 2018$1.52B$1.31B
DepositsQ1 2019vs Q1 2018$1.59B$1.35B
Equity CapitalQ1 2019vs Q1 2018$181.4MM$170.7MM
Loan Loss AllowanceQ1 2019vs Q1 2018$23.8MM$18.0MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$7.8MM$6.9MM
Real Estate OwnedQ1 2019vs Q1 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.

3.05% For 55Mo Or 2.75% For 9Mo.

racecar   |  
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.

Report an Issue

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

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

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

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

Andrews Federal Credit Union CD Rates

3.45%$1k$250k84 Month Certificate Special
3.05%$1k$250k55 Month Certificate Special
2.95%$1k$250k17 Month Certificate Special
2.86%$1k$250k8 Month Certificate Special
2.20%$1k-84 Month Share Certificate
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

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


Washington Area

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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.