Andrews Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.91% | 5-year CD | 60 Month Share Certificate 2.35% - Synchrony Bank 60 Month CD |
| 1.61% | 4-year CD | 48 Month Share Certificate 1.80% - Goldman Sachs Bank USA 4 Year CD |
| 1.50% | 3-year CD | 36 Month Share Certificate 1.85% - Synchrony Bank 36 Month CD |
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
2/3 - Andrews FCU Hikes 12-Month CD Rate (1.45% APY)
1/26 - Andrews FCU Adds 3.00% APY 84-Month Share Certificate
12/2 - Andrews FCU Extends Black Friday CD Deals Through 12/31/2016
12/1 - Promtions Extended To Year-End
11/19 - Lack Of Andrews Copycats Is Concerning
11/7 - Black Friday Promotions
9/19 - Andrews FCU Promotes Long-Term "Nest Egg" IRAs
9/12 - 3% APY For 7-Year IRA Certificate
8/9 - Overview Of Opening Andrews FCU's 3% 7-Year IRA CD
5/5 - Andrews FCU (Easy Membership) Hikes Rates For Military Appreciation Month
5/1 - May CD Promotions
3/23 - Andrews FCU (Easy Membership) Has Competitive 84-Month IRA
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).
Andrews Federal Credit Union / IRA CD Rates
Opened an account with Andrews Federal Credit Union and everything went smoothly. has one of the best rates in the industry, 3% for 84month IRA CD....great. Thanks for the ease of setting up the account.
Just Opened 7-Yr 3% IRA CD's Remotely
As a remote customer not related to Andrews I'd say the service is pretty good and the process went smoothly.
The steps include -
1. Joining ACC online
2. Joining AFCU online (both instantaneous, pay $5 each with credit card)
3. Print/fill out and priority mail Trustee-to-Trustee fund transfer request form (form 302 from website) to AFCU (2-day)
4. AFCU mails request form to Fidelity (2-day)
5. Fidelity wires fund to AFCU (free from Fidelity and no charge for inbound from AFCU).
6. In the meantime print/fill out an IRA application form (form 98 from website) then scan/email to AFCU before the arrival of the fund.
7. Rate is locked once fund is received.
Best CD, Inconsistent Customer Service
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.
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.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 5754 |
| Year Chartered | 1948 |
| Employees | 288 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.02% |
| Return on Equity - YTD | 0.14% |
| Annual Interest Income | $12.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $1.52B$1.14B |
| Loans | Q1 2017vs Q1 2016 | $970.7MM$760.0MM |
| Deposits | Q1 2017vs Q1 2016 | $1.34B$907.9MM |
| Equity Capital | Q1 2017vs Q1 2016 | $168.3MM$166.1MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $9.3MM$8.3MM |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $4.3MM$4.0MM |
| Real Estate Owned | Q1 2017vs Q1 2016 | $95.00K$0 |
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 | |
| 0.31% | $100 | - | Business Base Share Savings | |
| 0.10% | $100 | - | Business Planning Savings |
Andrews Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | $5k | - | Advantage Share Draft Account | |
| 0.05% | $5k | - | Business Partnership Checking |
Andrews Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 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 CD 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 CD Special | |
| 1.00% | $1k | - | 24 Month Bump Up CD Special | |
| 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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 |
Andrews Federal Credit Union has 15 locations. Click to view all Andrews Federal Credit Union locations.