While the collapse of Silicon Valley Bank has caused consumer concern, Andrews Federal members can be confident that their accounts and their financial institution are safe and secure.
Andrews Federal Credit Union is well-capitalized and financially sound. In fact, we consistently exceed regulatory capitalization requirements. Andrews Federal remains safe and secure by providing financial services to our diverse membership, unlike Silicon Valley Bank, which was established to provide services to a venture capital-based audience.
As a credit union member at Andrews Federal, you are an owner of our not-for-profit financial cooperative. Andrews Federal’s first priority is your financial success, and we focus on financial security.
Andrews Federal Credit Union continues to provide members a safe place to save money. Member deposits are federally insured by the National Credit Union Administration (NCUA)’s National Credit Union Share Insurance Fund up to at least $250,000. You can visit MyCreditUnion.gov for more information about National Credit Union Share Insurance Fund coverage.
For the past 75 years, Andrews Federal has proudly served members in both the military and in our civilian communities, and we will continue to do that with safety and soundness as the foundation of our mission.
Kenneth Orgeron, President & CEO