Andrews Federal Credit Union


Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.91%5-year CD60 Month Share Certificate
1.61%4-year CD48 Month Share Certificate
1.50%3-year CD36 Month Share Certificate

Overview / Commentary
800-487-5500
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

Andrews Federal Credit Union Adds 9-Month CD Special - 7/5/2018

Andrews Federal Credit Union (easy membership) has added a limited-time 9-month Certificate Special (2.75% APY). $1k min/$250k max deposit. Limit of one per member.

Possible CD Specials: 9 Month @ 2.75%; 55Month @ 3.05% - 7/4/2018

When I signed on to my account today, there was an ad on my home page: "New Certificate Specials 9 Month 2.75.% 55 Month 3.05% Open yours TODAY Click "Options & Extras", then "Open an Additional Account" " However, those special rates were not yet in the list of "Additional Accounts" from which you could choose. I could find no mention of the new special rates in the website other than when I was logged in.

Andrews FCU Added Special 17 Month 2.25% And 30 Month 2.55% Cds - 5/4/2018

https://andrewsfcu.org/whats-new/promotions/specials.html#goto_3

View all posts from:


Great Rates With Andrews

Posted by: Nick11 | Jul 29, 2018

I just opened my 9 mo. 2.75% very easily. I appreciate their great rates. Have been a member for a couple of years since I purchased 3% cd's a couple of years ago. I was nervous about it since I read reviews about the diffulties some were having opening cd's at that time. However, I just followed deposit account readers instructions/advice in doing so and everything has gone smoothly since that time. Thank you Ken and readers of deposit accounts for your help.

Great Service From Andrews

I have had accounts with Andrews for many years and have always
received first class service.

A Work In Progress

Posted by: Zemo999 | Jul 6, 2018

I think their 9 month 2.75 APY CD deal is the best thing available anywhere, right now, if one doesn't want to tie up funds for a long time, but wants a really good rate. The question is: How much are you able to put up with to get it? I expect their phones to be busy because of the offer, but it took a half hour and getting switched around to 4 different reps, mostly on hoid, to get to the right one. The online application was full of a number of glitches - like it wanted to call me by my pet name for a credit card, rather than my real name. There's an application - breaker, if not corrected. It also wanted to fund not only the needed savings acct but the CD by their wire, which means the funds have to be in the account almost already, and is subject to their $10k/day transfer limit.
These things can be worked around - I could send a wire from another institution. Or I could establish an ACH link from another institution and that $10k limit would disappear. And the rep I finally got through to did say she'd shepherd my account application through the process, given the difficulties. I guess I'll see how well that goes, given the combination of long hold times and their need to transfer you to somebody with the right knowledge can eat up a lot of time, just to get to the right place. I think it depends on how patient you are, how much free time you've got to put into this. Sweet rate for such a short term, though.

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.

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Health

Health Grade Components

Overall
NCUA #5754
Year Chartered1948
Employees291
Primary Regulator
Profit Margin
Return on Assets - YTD0.55%
Return on Equity - YTD4.97%
Annual Interest Income$15.5MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$1.54B$1.52B
LoansQ1 2018vs Q1 2017$1.31B$970.7MM
DepositsQ1 2018vs Q1 2017$1.35B$1.34B
Equity CapitalQ1 2018vs Q1 2017$170.7MM$168.3MM
Loan Loss AllowanceQ1 2018vs Q1 2017$18.0MM$9.3MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$6.9MM$4.3MM
Real Estate OwnedQ1 2018vs Q1 2017$0$95.00K
  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.

Possible CD Specials: 9 Month @ 2.75%; 55Month @ 3.05%

retirednc   |  
When I signed on to my account today, there was an ad on my home page:

"New Certificate Specials
9 Month 2.75.%
55 Month 3.05%
Open yours TODAY
Click "Options & Extras", then "Open an Additional Account" "

However, those special rates were not yet in the list of "Additional Accounts" from which you could choose. I could find no mention of the new special rates in the website other than when I was logged in.

Rates
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

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%$1.5k-Advantage Share Draft Account
0.05%$5k-Business Partnership Checking

Andrews Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.05%$1k$250k55 Month Certificate Special
2.75%$1k$250k9 Month Certificate Special
2.55%$1k$250k30 Month CD Special
2.25%$1k$250k17 Month CD 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 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

APYMINMAXACCOUNT NAMEVIEW 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
Locations

Availability

Washington Area

Interactive local rates map


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