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

Andrews Federal Credit Union Adds Rate-Leading 6-Month CD Special - 2/2/2024

Andrews Federal Credit Union (easy membership) has added a 6-month CD Special for new members that offers a rate-leading APY. $1k min/$250k max deposit.

Andrews Federal Credit Union Adds Rate-Leading Kasasa Cash Checking - 12/7/2023

Andrews Federal Credit Union (easy membership) is now offering Kasasa brand products, including a rate-leading Kasasa Cash Checking account.

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

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3/18/20 - Andrews Federal Credit Union CD Rate Lock Details
3/12/20 - Andrews Federal Credit Union 24-Month Jumbo CD Adds 65 bps
3/6/20 - Andrews FCU CD Specials - No More
1/20/20 - Andrews Federal Credit Union's 13-Month CD Special A Near Rate Leader
11/25/19 - Andrews Federal Credit Union Adds 3-month CD Special, 3.01% APY
11/19/19 - Andrews FCU 3-Month Share Certificate 3.01%
11/14/19 - Andrews Federal Credit Union 84-Month CD (3.05% APY) Is A Rate Leader
10/11/19 - Big Drop In Andrews FCU Rates
8/14/19 - Andrews FCU Share Certificate Specials - Rate Cuts
8/7/19 - 3.45% -84 Month CD / 3.05% -55 Month
6/10/19 - 3.05% For 55Mo Or 2.75% For 9Mo.
4/19/19 - Andrews Federal Credit Union Adds 17-month CD Special, 2.95% APY
4/17/19 - 17-Month Share Certificate With 2.95%
2/25/19 - Andrews Federal Credit Union Has 6-Month CD (3.25% APY) For One Week
2/16/19 - Special 6 Month 3.25% APY* Share Certificate Available During Military Saves Week
12/13/18 - 8 Month CD 2.86%
11/21/18 - Black Friday 8-Month CD Special At Andrews Federal
11/20/18 - Online Black Friday CD Special
7/5/18 - Andrews Federal Credit Union Adds 9-Month CD Special
7/4/18 - Possible CD Specials: 9 Month @ 2.75%; 55Month @ 3.05%
5/4/18 - Andrews FCU Added Special 17 Month 2.25% And 30 Month 2.55% Cds
3/13/17 - 7-Year [84-Month] Rate Lowered To 2.20% APY
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).

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?”

Thoughts On This Bank

Posted by: |

Opened a 7 year cd here a little over 6 years ago the sign up process was long and had to call in many times just to get things squared away mostly because of all the never ending mistakes that were made on my account, also this place has a 12 month inactivity claus which basiclly forced me into linking an account from elsewhere to send money once every 11 months to avoid the account being sent to the state of Maryland as a dead account plus customer service was poor at best with very long waits on the phone just to get to someone that could answer questions so this is just my opinion if you're on the bubble between this place and another I'd go with the other bank might be worth taking 10 to 20 basis points less to save yourself the misery of dealing with their customer service.................well today my account matured and removing the money was almost as bad as giving it to them 7 years ago took numerous calls and 6 hours of my day just to get a wire transfer done which they finally completed after having to be verified 3 different times because as they claimed the large amount had to be done this way what a load of crap that was never again , if they're the only opition in the future I'll just bury the money in my crawl space LOL....

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

Health Grade Components

Overall
NCUA #5754
Year Chartered1948
Employees322
Primary Regulator
Profit Margin
Return on Assets - YTD0.82%
Return on Equity - YTD7.99%
Annual Interest Income$83.4MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$2.32B$2.49B
LoansQ3 2023vs Q3 2022$1.9B$1.95B
DepositsQ3 2023vs Q3 2022$1.91B$1.84B
Equity CapitalQ3 2023vs Q3 2022$242.6MM$222.1MM
Loan Loss AllowanceQ3 2023vs Q3 2022$20.3MM$17.1MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$22.1MM$15.6MM
Real Estate OwnedQ3 2023vs Q3 2022$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%*-$1kOnline Savings Special
OTHER TIERS: 0.05% $1k+
2.00%*-$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%--Holiday Club Account
0.05%--Vacation Club
0.05%$100-Business Planning Savings

Andrews Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.25%*-$250kMoney Market Special - New Money
OTHER TIERS: 1.24% $250k+
2.05%*$100k*-Premium High Yield Money Market
OTHER TIERS: 1.50% Up to $100k
1.25%*$50k*-Premium Money Market
OTHER TIERS: 1.05% Up to $2.5k | 1.10% $2.5k - $20k | 1.15% $20k - $50k

Andrews Federal Credit Union Checking Account Rates

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

Andrews Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.75%$1k$250k6 Month Share Certificate Special - New Member Only
5.50%$1k$250k8 Month Share Certificate Special
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

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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.