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

Andrews FCU Rates Heading DOWN - 8/19/2023

Unfortunately, Andrews FCU has made some rate changes that are in the WRONG direction while other FI's are still raising rates to new highs! Rates decline .20%-.30% across their various term offerings. Hmm, not good!

Andrews Federal Credit Union Debuts Rate-Leading 9-Month CD Special - 7/25/2023

Andrews Federal Credit Union (easy membership) has added a rate-leading 9-month CD Special. $1k minimum/$250k maximum deposit, limit of one per member.

Andrews Offers New 9 Month Special 5.75% Apy - 7/24/2023

Signed in today to move money out of last 5% special and found a new offer. 9 Months 5.75% apy. Minimum deposit of $1000.00

View all posts from:

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).

Just Opened 7-Yr 3% IRA CD's Remotely

Posted by: |

As a remote customer not related to Andrews I'd say the service is pretty good and the process went smoothly.

The steps include -
1. Joining ACC online
2. Joining AFCU online (both instantaneous, pay $5 each with credit card)
3. Print/fill out and priority mail Trustee-to-Trustee fund transfer request form (form 302 from website) to AFCU (2-day)
4. AFCU mails request form to Fidelity (2-day)
5. Fidelity wires fund to AFCU (free from Fidelity and no charge for inbound from AFCU).
6. In the meantime print/fill out an IRA application form (form 98 from website) then scan/email to AFCU before the arrival of the fund.
7. Rate is locked once fund is received.

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 .

ACH Transfers Limited To Outgoing Only

Posted by: |

Andrews does not allow ACH pull fund transfers from an outside institution. You need to originate the request from the outside institution to send funds to your Andrews account. Andrews only allows ACH push transfers to outside institutions. I think this policy is below par.

Don’T Do It!!!!

Save yourself the aggravation and take 50 basis point less somewhere else and don’t get aggravated worse than anything in the world. They are the worst credit union I have ever done business with and I’ve done business for over 50 years. they are terrible. That’s why so many bad reviews run run run run. Absolutely no customer service whatsoever none if you like talking to the wall this is your company. Enough said if you don’t understand by now you’ll never understand.



Health Grade Components

NCUA #5754
Year Chartered1948
Primary Regulator
Profit Margin
Return on Assets - YTD0.8%
Return on Equity - YTD8.17%
Annual Interest Income$56.3MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$2.42B$2.45B
LoansQ2 2023vs Q2 2022$1.96B$1.94B
DepositsQ2 2023vs Q2 2022$1.92B$1.86B
Equity CapitalQ2 2023vs Q2 2022$238.9MM$216.0MM
Loan Loss AllowanceQ2 2023vs Q2 2022$0$17.1MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$22.0MM$18.9MM
Real Estate OwnedQ2 2023vs Q2 2022$0$0
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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

5.75%*-$1kOnline Savings Special
OTHER TIERS: 0.05% $1k+
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

1.25%*$50k*-Premium Money Market
OTHER TIERS: 1.05% Up to $2.5k | 1.10% $2.5k - $20k | 1.15% $20k - $50k
1.15%*$200k*-Prestige Money Market
OTHER TIERS: 0.85% Up to $200k
1.10%*$100k*-Premium Plus Money Market
OTHER TIERS: 0.85% Up to $100k

Andrews Federal Credit Union Checking Account Rates

0.15%$1.5k-Boost Checking
0.05%$5k-Business Partnership Checking

Andrews Federal Credit Union CD Rates

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
4.25%$10k-36 Month Jumbo Share Certificate
4.20%$1k-36 Month Share Certificate
4.20%$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

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
4.25%$10k-36 Month Jumbo IRA Certificate
4.20%$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


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