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
3/12 - Andrews Federal Credit Union 24-Month Jumbo CD Adds 65 bps
3/6 - Andrews FCU CD Specials - No More
1/20 - Andrews Federal Credit Union's 13-Month CD Special A Near Rate Leader
11/19 - Andrews FCU 3-Month Share Certificate 3.01%
11/14 - Andrews Federal Credit Union 84-Month CD (3.05% APY) Is A Rate Leader
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
2/3/17 - Andrews FCU Hikes 12-Month CD Rate
1/26/17 - Andrews FCU Adds 84-Month Share Certificate
12/15/16 - Good Overview Of Joining Andrews FCU And Opening Its 3.01% CDs
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).
Fantastic Service
It took an hour to become a member of Andrews Federal CU via membership in American Consumer Council. Moved money from another bank to my account at Andrews through the shared branch; it took 5 minutes and money arrived to my account at Andrews in less than an hour. Called the Rep on Saturday around noon, waited for about 10 minutes. Asked to open CD, it took 5 minutes to open one; in 10 minutes I had a confirmation in my computer. The interest rates are at the top and service is fantastic! Highly recommended.
No Customer Service
I have called everyday for 4 weeks and cannot get a customer service representative on the phone.I used their automated call back feature and no one has called back.
I cannot get quicken to update since they switched from cm netter . I`ve tried everything ,delete accounts , go in through quicken, delete , manual download . It continues to lump my 2 Cd`s into one account . Very frustrating .
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.
Also Denied - UPDATE Approved
Very similar to other respondent -
Retired - excellent credit scores near or above 800 - trying to open 7 year $175k CD. Declined no explanation.
Approved. They said SS number was not correct. Since they block it out as you type, hard to verify.
Data as of Q3 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 5754 |
| Year Chartered | 1948 |
| Employees | 276 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.32% |
| Return on Equity - YTD | 3.66% |
| Annual Interest Income | $58.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2020vs Q3 2019 | $2.28B$1.96B |
| Loans | Q3 2020vs Q3 2019 | $1.87B$1.64B |
| Deposits | Q3 2020vs Q3 2019 | $1.86B$1.65B |
| Equity Capital | Q3 2020vs Q3 2019 | $199.9MM$189.9MM |
| Loan Loss Allowance | Q3 2020vs Q3 2019 | $29.7MM$24.9MM |
| Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $11.0MM$11.5MM |
| Real Estate Owned | Q3 2020vs Q3 2019 | $1.3MM$68.00K |
