Apple Federal Credit Union

Overview / Commentary
4097 Monument Corner Dr
Fairfax, VA 22030

Apple Federal Credit Union is a Virginia-based credit union that offers personal and business banking solutions, investment and insurance planning, and specific products and benefits designed for teachers and students.

Apple FCU offers savings, checking, money market, Certificate, and IRA accounts on its personal banking side. The credit union’s fee-free student checking account offers reward points for using its free check card and also comes with a limited number of non-Apple ATM transactions. Another checking account offer is dividend bearing and comes equipped with a free box of checks each year, a limited amount of non-Apple ATM transaction fee reimbursements, and no monthly fee when a minimum balance requirement is met. Several savings account options seek to meet various members’ needs and include a basic, student, and teacher savings account. The student savings account comes with a high dividend rate for balances up to a certain amount, and the teachers’ savings account is designed to help teachers maintain a regular income through the summer months when they may not receive a paycheck. Money Market accounts offer higher dividend rates when higher balances are achieved and provide convenient access to funds. Certificates and IRA Certificates are available in term lengths from 6 to 120 months and have been featured on in the past.

Apple FCU online banking is a sophisticated system that offers comprehensive account management services, including fund transfers, bill pay, rewards activation, scan deposits, and money management software for budgeting purposes. The credit union’s mobile banking apps make it convenient and easy to accomplish the aforementioned tasks from select smartphones or tablet devices. Apple FCU is partnered with several ATM networks, including Alliance One, CO-OP, and MoneyPass, making it easy for members to gain access to their funds.

Apple Federal Credit Union was chartered in 1956 after a group of educators from the Fairfax County Public School system came together to organize a teacher-focused financial cooperative. The credit union is headquartered in Fairfax, Virginia, and serves its members through multiple branches located across several states. Apple FCU also maintains a blog that publishes money lessons and tips for saving.

Field of Membership Restrictions

Membership in Apple FCU is open to anyone in Washington D.C., Virginia, and Maryland through joining Northern Virginia Athletic Directors, Administrators, and Coaches Association (NVADACA). Membership is also open to the following: (1) those who live, work, volunteer, attend school or worship in Fairfax County, Fairfax City, Manassas City, Frederick County, Manassas Park or Prince William County in Virginia; (2) faculty, students and staff (and their immediate families) of City of Winchester Public and Private Schools, Falls Church City Schools, Fairfax County Public Schools, Loudoun County Public Schools, Frederick County Public Schools, Manassas Park Public Schools, Manassas City Public Schools, Prince William County Public Schools, or Stafford County Public Schools; (3) faculty, students, alumni, and staff (and their immediate families) of George Mason University, Shenandoah University, or Northern Virginia Community College; (4) and employees and members over 200 Select Employer Groups.
See current membership details

Great Personal Service And Friendly People

Posted by: |

I have moved to California, but still have never found such a great banking institution as Apple Federal Credit Union. It seems like with all the big banks, banking has lost its touch with the tellers and branch managers knowing you personally. I have to say even though I'm in California and banking in Virginia can be tricky, I would trade this bank for anything in the world. The branch manager Manjit, I opened my account with years ago in Centreville, still remembered me and my children. When I was in a pinch and needed assistance she came through with flying colors and is such an amazing person.  5 stars from me!

Love This Bank

Posted by: |

I've been a member since 2007 and I have no complaints. They have pushed my CC payments through upon request and they have approved me for a limit increase via telephone. They have waived fees in the past although I was at fault. No complaints!

CD's Continue To Disappoint.

Posted by: |

After nearly a decade we still have not been able to see a rise in CD rates beyond 3%. This is horrible for savers and retirees.

I Have Been A Member For Over 6 Years And Have All My Loans And Deposits With Apple!

I became a member of Apple 6 years ago when I switched from the credit union I had in college because they were too far away and too small.  I got my first car loan with a credit union after a really bad experience with the dealership and locals banks, so I wanted to do business with another credit union when I switched.  I was so happy to find Apple!

I have had my direct deposit into a special FREE checking account there for years, and I get free bill pay and checks.  I also get a modest interest rate back for my balance, which I think is 0.4% right now, but better than I can get anywhere else that I've found.  I read the reviews about the check holds, and I have had that experience in the past, but when I talked to a manager, she released the hold because of my history with Apple.  I think the holds are standard for all banks and credit unions, but if you talk to the right person you can usually get it waived.

I recently refinanced my car for 72 months for 2.74%!  This ended up saving me almost $50 a month, and they let me go 3 months until my first payment, which was right at Christmas. 

I also have a mortgage with Apple.  The only thing I don't have is their credit card.  They have asked me to get their card a few times (when I refinanced my car and when I got a line of credit for my account), but I'm happy with my Bank of America rewards.  They told me they would have the same rewards soon, so I might check it out.

Overall, I've been very happy and would recommend.  I already recommended to my dad, my sister, and my uncle, who all have accounts now.





Health Grade Components

NCUA #11307
Year Chartered1956
Primary Regulator
Profit Margin
Return on Assets - YTD0.47%
Return on Equity - YTD4.89%
Annual Interest Income$86.0MM
Assets and Liabilities
AssetsQ3 2020vs Q3 2019$3.42B$2.94B
LoansQ3 2020vs Q3 2019$2.20B$2.11B
DepositsQ3 2020vs Q3 2019$2.78B$2.35B
Equity CapitalQ3 2020vs Q3 2019$325.0MM$297.7MM
Loan Loss AllowanceQ3 2020vs Q3 2019$25.5MM$20.4MM
Unbacked Noncurrent LoansQ3 2020vs Q3 2019$5.6MM$14.5MM
Real Estate OwnedQ3 2020vs Q3 2019$0$701.00K
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Always verify rates and promotions with the bank or credit union. We are not Apple 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.

Apple Federal Credit Union Savings Account Rates

4.00%--Coverdell Education Savings
1.25%--Education SuperSaver
1.00%*-$1.5keXtras Student Savings
OTHER TIERS: 0.05% $1.5k+
1.00%--Summer Pay (Educator Exclusive)
0.55%*$100k*-IRA Share
OTHER TIERS: 0.20% Up to $20k | 0.25% $20k - $50k | 0.35% $50k - $100k
0.25%--Holiday Club Account
0.25%--Vacation Club Account
0.05%--Regular Savings

Apple Federal Credit Union Money Market Rates

0.55%*$250k*-Mega Money Market
OTHER TIERS: 0.20% Up to $250k
0.45%*$100k*-Super Money Market
OTHER TIERS: 0.15% Up to $100k
0.40%*$100k*-Commercial Money Market
OTHER TIERS: 0.20% Up to $20k | 0.25% $20k - $50k | 0.30% $50k - $100k
0.35%*$50k*-Money Market
OTHER TIERS: 0.15% Up to $2.5k | 0.20% $2.5k - $20k | 0.25% $20k - $50k

Apple Federal Credit Union Checking Account Rates

1.00%*-$20kInvestors Checking - Qualifying
OTHER TIERS: 0.05% $20k+
0.05%--Advantage Checking

Apple Federal Credit Union CD Rates

1.00%$500-120 Month CD
0.95%$500-84 Month CD
0.95%$50k-60 Month Jumbo CD
0.90%$500-60 Month CD
0.80%$500-48 Month CD
0.75%$50k-36 Month Jumbo CD
0.70%$500-36 Month CD
0.65%$500-24 Month CD
0.65%$50k-12 Month Jumbo CD
0.60%$500-12 Month CD
0.60%$500-15 Month CD
0.35%$500-6 Month CD

Apple Federal Credit Union IRA Rates

1.00%$500-120 Month IRA
0.95%$50k-60 Month Jumbo IRA
0.95%$500-84 Month IRA
0.90%$500-60 Month IRA
0.80%$500-48 Month IRA
0.75%$50k-36 Month Jumbo IRA
0.70%$500-36 Month IRA
0.65%$50k-12 Month Jumbo IRA
0.65%$500-24 Month IRA
0.60%$500-12 Month IRA
0.60%$500-15 Month IRA
0.35%$500-6 Month IRA


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