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 DepositAccounts.com 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
Been A Customer Forever
I have been with AppleFCU since 1990. That's 35 years and in that period of time I have had checking, savings, money markets and a credit card, using them for the majority of my banking needs the entire time. They have been consistently professional and reliable the entire time. While I do have a credit card, I have never had a loan of any kind to report on that side of banking. I have communicated with them both by phone and via their messaging system with only minimal wait times or got them to call me back in a few minutes. I would recommend Apple FCU to anyone. About a month ago I opened my first IRA CD with them at a great rate. I think ratings get skewed because most of the time it is only the unhappy customers who bother to write reviews. I notice only two other reviews on here, which must tell you something because no one has come to post a bad review. So here's a nice 5 star rating for Apple, and I'm a picky customer.
I Think I Could Like This CU BUT,
I think I could like this credit union but joining has become a challenge. First, it wouldn't take my email address because I have an "_" in the address. Second, I want to fund my account by way of ACH, but it forces you to use a CARD.
03/12/2024 Update: I was having trouble funding my CD's, it would take weeks, if they were funded at all. I contacted the Apple, and the funding is much faster now,
What I really like about Apple, if I transfer money from Schwab to Apple, it's showing in my account the next day.
Cannot Recommend - At All
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.
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 11307 |
| Year Chartered | 1956 |
| Employees | 568 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.84% |
| Return on Equity - YTD | 9.63% |
| Annual Interest Income | $63MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $5.24B$4.48B |
| Loans | Q1 2025vs Q1 2024 | $3.33B$2.85B |
| Deposits | Q1 2025vs Q1 2024 | $4.35B$3.67B |
| Equity Capital | Q1 2025vs Q1 2024 | $431.8MM$298.5MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $33.1MM$28.1MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $13.6MM$8.5MM |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |
