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
10/11 - Big Drop In Andrews FCU Rates
8/14 - Andrews FCU Share Certificate Specials - Rate Cuts
8/7 - 3.45% -84 Month CD / 3.05% -55 Month
6/10 - 3.05% For 55Mo Or 2.75% For 9Mo.
4/19 - Andrews Federal Credit Union Adds 17-month CD Special, 2.95% APY
4/17 - 17-Month Share Certificate With 2.95%
2/25 - Andrews Federal Credit Union Has 6-Month CD (3.25% APY) For One Week
2/16 - Special 6 Month 3.25% APY* Share Certificate Available During Military Saves Week
11/21 - Black Friday 8-Month CD Special At Andrews Federal
11/20 - Online Black Friday CD Special
7/5 - Andrews Federal Credit Union Adds 9-Month CD Special
7/4 - Possible CD Specials: 9 Month @ 2.75%; 55Month @ 3.05%
5/4 - Andrews FCU Added Special 17 Month 2.25% And 30 Month 2.55% Cds
2/3 - Andrews FCU Hikes 12-Month CD Rate
1/26 - Andrews FCU Adds 84-Month Share Certificate
12/2/16 - Andrews FCU Extends Black Friday CD Deals Through 12/31/2016
12/1/16 - Promtions Extended To Year-End
11/19/16 - Lack Of Andrews Copycats Is Concerning
11/7/16 - Black Friday Promotions
9/19/16 - Andrews FCU Promotes Long-Term "Nest Egg" IRAs
9/12/16 - 3% APY For 7-Year IRA Certificate
8/9/16 - Overview Of Opening Andrews FCU's 3% 7-Year IRA CD
5/5/16 - Andrews FCU (Easy Membership) Hikes Rates For Military Appreciation Month
5/1/16 - May CD Promotions
3/23/16 - Andrews FCU (Easy Membership) Has Competitive 84-Month IRA
5/12/15 - 3.00% 6Mon, 2.00% 18Mon CD's, $10K Max. Quick Look.
5/29/13 - Top Long-Term CD Rates Continue at Andrews FCU - Easy Membership
1/13/12 - Competitive Long-Term CD Rates at Andrews FCU - Easy Membership
10/17/10 - Top Long-Term CD & IRA CD Rates at Andrews FCU - Easy Membership
4/3/08 - 5.25% 15-Month / 4.95% 7-Month CD at a MD/NJ/DC Credit Union (Andrews).
Takes A While But Well Worth It
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
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
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!
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 5754 |
| Year Chartered | 1948 |
| Employees | 302 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.7% |
| Return on Equity - YTD | 7.15% |
| Annual Interest Income | $36.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $1.92B$1.63B |
| Loans | Q2 2019vs Q2 2018 | $1.57B$1.41B |
| Deposits | Q2 2019vs Q2 2018 | $1.61B$1.33B |
| Equity Capital | Q2 2019vs Q2 2018 | $185.9MM$173.1MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $24.0MM$19.2MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $9.1MM$8.0MM |
| Real Estate Owned | Q2 2019vs Q2 2018 | $68.00K$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.
Big Drop In Andrews FCU Rates
https://www.andrewsfcu.org/Learn/Resources/Rates/Share-Certificate-Rates
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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 | |
| 0.10% | $100 | - | Business Planning Savings |
Andrews Federal Credit Union Money Market Rates
Andrews Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.20% | $1.5k | - | Advantage Checking | |
| 0.05% | $5k | - | Business Partnership Checking |
