Andrews Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.91% | 5-year CD | 60 Month Share Certificate |
| 1.61% | 4-year CD | 48 Month Share Certificate |
| 1.50% | 3-year CD | 36 Month Share Certificate |
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
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 - 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
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 Rates With Andrews
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
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.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 5754 |
| Year Chartered | 1948 |
| Employees | 291 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.55% |
| Return on Equity - YTD | 4.97% |
| Annual Interest Income | $15.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2018vs Q1 2017 | $1.54B$1.52B |
| Loans | Q1 2018vs Q1 2017 | $1.31B$970.7MM |
| Deposits | Q1 2018vs Q1 2017 | $1.35B$1.34B |
| Equity Capital | Q1 2018vs Q1 2017 | $170.7MM$168.3MM |
| Loan Loss Allowance | Q1 2018vs Q1 2017 | $18.0MM$9.3MM |
| Unbacked Noncurrent Loans | Q1 2018vs Q1 2017 | $6.9MM$4.3MM |
| Real Estate Owned | Q1 2018vs Q1 2017 | $0$95.00K |
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%
"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.
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 |
|---|---|---|---|---|
| 0.20% | $1.5k | - | Advantage Share Draft Account | |
| 0.05% | $5k | - | Business Partnership Checking |
Andrews Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 3.05% | $1k | $250k | 55 Month Certificate Special | |
| 2.75% | $1k | $250k | 9 Month Certificate Special | |
| 2.55% | $1k | $250k | 30 Month CD Special | |
| 2.25% | $1k | $250k | 17 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
| 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 |
