When you want to borrow money or apply for a credit card, your FICO® score will help the lender determine how trustworthy you are when it comes to repaying money. Your interest rate will determine how much you'll pay to borrow money or access a line of credit. The higher your FICO® score, the lower your rate and the more money you'll save on interest. Even when you rent an apartment or apply for a job, landlords and employers will check your score to get a sense of how responsible you are with money.
To offer more help, we produced these quick videos that explain details about your credit report and score so you can establish good habits that will strengthen your foundation.
Need more information or assistance? Please contact us because we're here to help.
A variety of factors impact your credit score including the number and severity of late payments, your total number of credit accounts and loans, the type and age of your accounts, the amount of credit you have utilized on your cards, total debt, the number of new credit accounts that you have recently opened, and the number of recent credit inquiries(applying for credit cards and loans).
In Online Banking, click on the "FICO Score" tab to view your latest score (updated quarterly).
We have loan options for members with limited or no credit history including Share and Certificate Secured Loans, a Share and Certificate secured Visa and the Cash to Go loan.
The FICO Score (based on Equifax data) is posted in Online Banking and is updated on a quarterly basis.
Yes, we offer secured credit cards. We freeze funds equal to the desired balance. The money is still yours but is security for the credit line.
Andrews Federal members received over $19 Million in direct member benefits through lower fees, lower loan rates and higher deposit yields.
FICO® is a registered trademark of Fair Isaac Corporation in the United States and other countries. Andrews Federal Credit Union and Fair Isaac are not credit repair organizations as defined under federal or state law, including the Credit Repair Organizations Act. Andrews Federal CU and Fair Isaac do not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating.
Andrews Federal Credit Union is a full-service financial institution with stateside locations in Washington, D.C., Maryland, Virginia and New Jersey, as well as overseas locations in Germany, Belgium and the Netherlands.
