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!

My Primary Banking Institution For 6+ Years

I have banked with Apple FCU for over 6 years now, and I have all of my loans, credit cards, and even do my taxes through their Apple Services office at the main headquarters. Everyone I have dealt with has been extremely kind, friendly, and helpful at their main branch. I am not sure why everyone else has been posting about the number of fees Apple has. I banked with BB&T for over 8 years, and let me tell you about fees. Every time I have gotten an overdraft fee at Apple, I call into their Call Center and they ALWAYS refund the fee for me as a courtesy, which is awesome! BB&T never refunded one of my fees! I use Apple's Advantage Checking and since I have my direct deposit go into my account, it does not cost me anything. No maintenance fees or anything. Also, they gave me two free boxes of custom checks when I opened my account, which pretty much will last me forever. Not to mention I never get charged for ATM fees, no matter what type of ATM I use! ATM fees are covered entirely for my checking account, I love it! I doubt there are any other banks or credit unions that offer all of these benefits to their account holders. At the end of the day, I bank with Apple because they make me feel like I am taken care of anytime I need their help. Their rates are up and down, sometimes they are great and other times they are not so good. But I have had accounts with other banks and I can guarantee that you will never get the kind of service and attention that you will get from banking with Apple. I am looking forward to getting a mortgage and my first home soon, and when the time comes there is no question where I will be getting my loan from!

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!

Cannot Recommend - At All

Posted by: |

When Apple FCU first came around they seemed good. I have been a member for over 10 years. Service has plummeted since then. With decreasing service over the years, I shifted all of my money out of Apple. They are now just like any ordinary bank. Unexpected fees, unsatisfactory wait times, phone calls pushing loans, tellers that seem like you are bothering them, etc. Look elsewhere if you want friendly, neighborly customer service from a credit union that is actually interested in having you as a member.



Health Grade Components

NCUA #11307
Year Chartered1956
Primary Regulator
Profit Margin
Return on Assets - YTD0.66%
Return on Equity - YTD9.7%
Annual Interest Income$48.3MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$4.48B$4.2B
LoansQ1 2024vs Q1 2023$2.85B$2.7B
DepositsQ1 2024vs Q1 2023$3.67B$3.5B
Equity CapitalQ1 2024vs Q1 2023$298.5MM$265.2MM
Loan Loss AllowanceQ1 2024vs Q1 2023$28.1MM$22.8MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$8.5MM$7MM
Real Estate OwnedQ1 2024vs Q1 2023$0$0
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* 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

5.00%$0-Coverdell Education Savings
3.00%*$0$1.5keXtras Student Savings
OTHER TIERS: 0.10% $1.5k+
3.00%$0-Summer Pay (Educator Exclusive)
1.44%*$100k*-IRA Share
OTHER TIERS: 1.00% $0 - $50k | 1.19% $50k - $100k
1.25%$0-Education SuperSaver
0.25%$0-Holiday Club Account
0.25%$0-Vacation Club Account
0.10%$0-Regular Savings

Apple Federal Credit Union Money Market Rates

5.00%*$1m*-Commercial Money Market
OTHER TIERS: 1.00% $0 - $20k | 1.25% $20k - $50k | 1.40% $50k - $100k | 1.50% $100k - $250k | 3.60% $250k - $500k | 4.25% $500k - $1m
3.00%*$1m*-Money Market
OTHER TIERS: 0.50% $0 - $2.5k | 1.55% $2.5k - $20k | 1.60% $20k - $50k | 1.70% $50k+ | 1.75% $100k - $250k | 2.00% $250k - $1m

Apple Federal Credit Union Checking Account Rates

1.00%*$0$20kInvestors Checking - Qualifying
OTHER TIERS: 0.05% $20k+
0.05%$0-Advantage Checking

Apple Federal Credit Union CD Rates

5.00%$500$500k5 Month Certificate Special - New Money
5.00%$500$500kCommercial 5 Month Bonus Certificate Special - New Money
5.00%$50$5k12 Month Starter Certificate
4.75%$50k-12 Month Jumbo Certificate
4.70%$500-12 Month Certificate
4.70%$500-15 Month Certificate
4.70%$500-9 Month Certiifcate Special - New Money
4.70%$500-Commercial 9 Month Bonus Certificate Special - New Money
4.65%$500-18 Month CD Special - New Money
4.65%$500-Commercial 18 Month Bonus Certificate Special - New Money
4.50%$500-35 Month Bonus Regular Certificate Special
4.05%$50k-36 Month Jumbo Certificate
4.00%$500-24 Month Certificate
4.00%$500-36 Month Certificate
4.00%$500-11 Month No Penalty CD
3.85%$50k-60 Month Jumbo Certificate
3.81%$500-48 Month Certificate
3.81%$500-60 Month Certificate
3.81%$500-84 Month Certificate
3.81%$500-120 Month Certificate
3.00%$500-6 Month Certificate

Apple Federal Credit Union IRA Rates

5.00%$500$500k5 Month IRA Special - New Money
4.75%$50k-12 Month Jumbo IRA
4.70%$500-12 Month IRA
4.70%$500-15 Month IRA
4.70%$500-9 Month IRA Special - New Money
4.65%$500-18 Month IRA Special - New Money
4.50%$500-35 Month IRA Special
4.05%$50k-36 Month Jumbo IRA
4.00%$500-24 Month IRA
4.00%$500-36 Month IRA
3.85%$50k-60 Month Jumbo IRA
3.81%$500-48 Month IRA
3.81%$500-60 Month IRA
3.81%$500-84 Month IRA
3.81%$500-120 Month IRA
3.00%$500-6 Month IRA


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