Andrews Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 1.91% | 5-year CD | 2.27% - National Average |
| 1.61% | 4-year CD | 1.99% - National Average |
| 1.50% | 3-year CD | 1.87% - National Average |
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
2/16 - 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 - Andrews FCU Hikes 12-Month CD Rate
1/26 - Andrews FCU Adds 84-Month Share Certificate
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 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.
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.
The Roach Hotel Of Credit Unions
I've had accounts with Andrews for several years. I originally joined to open an IRA CD but could never get in writing that I could take my RMD without paying early withdrawal penalties or breaking the CD. The CSR's just kept saying "we've always done it this way". That was not enough for me to commit $250,000 for 5 years to an IRA CD so the money went elsewhere. Then they offered me an auto loan refinance for .99% so I did that and figured it was worth it as I was earning 2.5% on the money that I owed on the loan. That was a nightmare to jump through all of the hoops that they presented and not worth the money I made on the difference. They also did a total of three hard pulls that persist on my record to this day when they told me I would only have one. I couldn't change the bank that they auto withdrew my payments on the loan without sending in a form and a voided check, so I just paid off the loan and waited 8 weeks to get the title. They originally took 6 months to get the title from Pen Fed when I transferred the loan to them.
Now I am trying to close my share savings account and waited a long time to talk with a CSR to request the account be closed and she said it would be done today. Today I got an email from them that says they need a signed request snail mailed to them with a copy of my drivers license in order to close the account. I haven't moved in 15 years but they need a photo ID with my current address in order to process my request to close my account and send me back my $5. I, like a lot of you here, have accounts at multiple banks and credit unions all across the country, and this is by far the worst place I have ever done my banking. If I can just close this account, I will never be back, I don't care what kind of interest rate they offer.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 5754 |
| Year Chartered | 1948 |
| Employees | 298 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.6% |
| Return on Equity - YTD | 5.89% |
| Annual Interest Income | $66.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $1.76B$1.53B |
| Loans | Q4 2018vs Q4 2017 | $1.48B$1.23B |
| Deposits | Q4 2018vs Q4 2017 | $1.46B$1.34B |
| Equity Capital | Q4 2018vs Q4 2017 | $178.9MM$173.5MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $23.0MM$12.0MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $7.6MM$6.1MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $155.00K$0 |
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.
Special 6 Month 3.25% APY* Share Certificate Available During Military Saves Week
Not a member? Not a problem!
There are many ways you can join. Military or federal agency affiliation is not required to become a member and there are many membership eligibility options. You can join if you belong to the American Consumer Council, which is open to all consumers, or if you live, work, attend school, or worship in Washington, DC, and more.
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 Checking | |
| 0.05% | $5k | - | Business Partnership Checking |
Andrews Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 3.45% | $1k | - | 84 Month Certificate Special | |
| 3.05% | $1k | $250k | 55 Month Certificate Special | |
| 2.86% | $1k | - | 8 Month Certificate Special | |
| 2.75% | $1k | $250k | 9 Month Certificate Special | |
| 2.55% | $1k | $250k | 30 Month Certificate Special | |
| 2.25% | $1k | $250k | 17 Month Certificate 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 Certificate 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 Certificate Special | |
| 1.00% | $1k | - | 24 Month Bump Up Certificate Special | |
| 0.60% | $10k | - | 6 Month Jumbo Share Certificate | |
| 0.55% | $1k | - | 6 Month Share Certificate | |
| 0.55% | $50 | - | 36 Month The Generator Certificate Special | |
| 0.45% | $50 | - | 24 Month The Generator Certificate Special | |
| 0.40% | $50 | - | 12 Month The Generator Certificate 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 |
