SUITLAND, Md., Aug. 9, 2017 /PRNewswire/ -- Andrews Federal Credit Union was recently selected as one of the Best Banks for Military Personnel in the nation by Kiplinger's Personal Finance's rankings of the Best Banks in the U.S. The magazine identified their best of the best from among national banks, nationally available credit unions and internet banks, along with the best bank in each of four regions.
"I couldn't be more proud to receive this distinction," said Jim Hayes, Andrews Federal President & CEO. "The leadership and staff at Andrews Federal are some of the best in the business. They are dedicated to helping our members achieve their financial goals, as well as giving back to the communities we serve."
Editors at Kiplinger's Personal Finance used data from Moebs Services, a Lake Forest, Ill., economic research firm, to rank national and regional banks and thrifts, credit unions, and internet banks. The process to select the best started with all 11,831 U.S. depositories as of year-end 2016. To identify the soundest financial institutions, Moebs applied screens for asset size, excess fees, high expenses and sufficient capital. For each profile, the editors started with top financial institutions identified by the Moebs rankings and then added their own research and judgment, to find banks, thrifts and credit unions with accounts and features most appealing to each group.
About Andrews Federal Credit Union
Andrews Federal Credit Union was founded in 1948 to serve the needs of military and civilian personnel by providing a vast array of financial products and services. With over $1.5 billion in assets, Andrews Federal has grown to serve more than 120,000 members in the District of Columbia, Joint Base Andrews (MD), Springfield, Virginia (VA), Joint Base McGuire-Dix-Lakehurst (NJ), and military installations in central Germany, Belgium, and the Netherlands. In addition, the Credit Union serves as a financial partner with many select employee groups in Maryland, the District of Columbia, Virginia and New Jersey.
To learn more about Andrews Federal Credit Union and its community involvement, or to become a member, call 800.487.5500 or visit www.andrewsfcu.org.
Scott Bolden, Andrews Federal Credit Union
301.702.5387 – Office
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SOURCE Andrews Federal Credit Union