Andrews Federal Credit Union

Overview / Commentary
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

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Fantastic Service

Posted by: |

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

Posted by: |

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

Posted by: |

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.



Health Grade Components

NCUA #5754
Year Chartered1948
Primary Regulator
Profit Margin
Return on Assets - YTD0.5%
Return on Equity - YTD5.28%
Annual Interest Income$36.8MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$2.21B$2.35B
LoansQ2 2021vs Q2 2020$1.80B$1.88B
DepositsQ2 2021vs Q2 2020$1.82B$1.87B
Equity CapitalQ2 2021vs Q2 2020$209.2MM$196.5MM
Loan Loss AllowanceQ2 2021vs Q2 2020$30.9MM$30.3MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$11.8MM$11.0MM
Real Estate OwnedQ2 2021vs Q2 2020$1.2MM$1.3MM
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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

0.30%--Military Savings for a Goal Account w/ Checking and Direct Deposit
0.30%--Military Savings for a Goal Account w/ Minimum Deposit/Transfer
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

0.10%*$50k*-Premium Money Market
OTHER TIERS: 0.05% Up to $20k | 0.07% $20k - $50k
0.10%*$100k*-Premium Plus Money Market
OTHER TIERS: 0.05% Up to $100k
0.10%*$200k*-Prestige Money Market
OTHER TIERS: 0.05% Up to $200k

Andrews Federal Credit Union Checking Account Rates

0.05%$1.5k-Advantage Checking
0.05%$5k-Business Partnership Checking

Andrews Federal Credit Union CD Rates

0.30%$1k-84 Month Share Certificate
0.20%$1k-60 Month Share Certificate
0.20%$10k-60 Month Jumbo Share Certificate
0.15%$1k-48 Month Share Certificate
0.15%$10k-48 Month Jumbo Share Certificate
0.10%$1k-36 Month Share Certificate
0.10%$10k-36 Month Jumbo Share Certificate
0.10%$50-36 Month The Generator Certificate
0.05%$1k-6 Month Share Certificate
0.05%$1k-12 Month Share Certificate
0.05%$1k-24 Month Share Certificate
0.05%$10k-6 Month Jumbo Share Certificate
0.05%$10k-12 Month Jumbo Share Certificate
0.05%$10k-24 Month Jumbo Share Certificate
0.05%$50-12 Month The Generator Certificate
0.05%$50-24 Month The Generator Certificate

Andrews Federal Credit Union IRA Rates

0.30%$1k-84 Month IRA Certificate
0.25%$1k-72 Month IRA Certificate
0.20%$1k-60 Month IRA Certificate
0.20%$10k-60 Month Jumbo IRA Certificate
0.15%$1k-48 Month IRA Certificate
0.15%$10k-48 Month Jumbo IRA Certificate
0.10%$1k-36 Month IRA Certificate
0.10%$10k-36 Month Jumbo IRA Certificate


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