ABNB Federal Credit Union Info + Reviews
ABNB Federal Credit Union is our focus here. We’ll be taking a look at a variety of different things with this Virginia CU like their rates, products, and more.
By the time you’re finished reading, it should give you useful information to make an educated decision about working with them.
At the end, you can also add in your own personal review of this CU if you have experience with them.
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*Routing #: 251481627
*Phone #: 757.523.5300
There are a lot of locations for ABNB Federal Credit Union. You can check all of them out at this page of their site because there’s too much to put here.
There are locations at Cedar Road, Chesapeake Square, Fairfield, General Booth, Ghent, Harbour View, and Haygood. Also, Lakeside, Little Neck, Moyock, Naval Amphibious Base (NAB) – Fort Story. There’s Naval Station Norfolk (NSN), Sewell’s Point, South Independence, Towne Place, USCG Base Elizabeth City, and Yorktown.
A Little History on ABNB Federal Credit Union
This Virginia CU started a little later than the average credit union, so, it’s a bit younger than most. They were started in 1960 with 8 members and $40 in deposits, according to the CU’s website.
They’ve been in business for over 62 years, so they’ve got some experience! There are also over $780 million in assets and over 78,000 members.
It looks like their ATMS are just local. There are a decent amount of them in the area and through shared branches. Still, it would be nice to be in the CO-OP network or one of the other ones out there.
Do They Give Back at all?
ABNB Federal Credit Union does give back. They have a foundation called the ABNB Community Foundation. They have been involved with the community and charitable giving since their beginning in 1960. The community foundation was launched in 2019, so pretty recently.
Their mission statement: “To measurably improve the lives of families and children in the communities that we serve.”
They also have a vision statement at ABNB Federal Credit Union, which is:
“To come along side non-profit organizations who deliver vital community services and are located in communities served by ABNB Federal Credit Union. The focus is on improving the lives of families and children by providing financial and/or volunteer support.”
Membership Requirements at ABNB Federal Credit Union
In order to become a member, you will need to meet certain requirements. Those are mainly that you need to live, work, worship, or attend school in the Greater Hampton Roads or Northeastern North Carolina Areas.
You need to be a legal US resident who is at least 18 years old. You’ll also need a social security number and a government issued ID.
There are a lot of different cities that qualify, so, take a look at those here on their member registration site (not the same one as their Abnbfcu.org site.
Their Products
At ABNB Federal Credit Union, you’ll be able to find a handful of different products. Those include both business and personal offerings, too.
In terms of personal products, they’ve got Free & Easy Checking, Visa Debit Cards, Personal Savings, and Credit Cards. There are also various consumer loans like Auto Loans, Credit Cards, something called “Zero, You’re My Hero” Balance Transfer, Personal Loans, and Student Loans.
In addition to that, they offer investment services and insurance services, too.
As far as business products go, they have Business Interest Checking, Business Debit Cards, Business Credit Cards, Business Money Market accounts, Business Share Certificates, Business Loans, and other Business resources.
A Few Rates for ABNB Federal Credit Union
(Rates accurate as of publishing this, however, subject to change at any time)
Mortgages
| Loan Type | Rate | APR |
|---|---|---|
| 30 Year Fixed Rate | 4.000% | 4.069% |
| 20 Year Fixed Rate | 3.875% | 3.943% |
| 15 Year Fixed Rate | 3.625% | 3.692% |
| 10 Year Fixed Rate | 3.25% | 3.316% |
| 5/5 ARM | 2.990% | 3.015% |
| 7/1 ARM | 3.125% | 3.192% |
| 10/5 ARM | 3.5% | 3.567% |
New Vehicles, Used Vehicle & Motorcycle (2022-2017)
| Annual Percentage Rate | Months | Notes |
|---|---|---|
| As low as 2.69% | 1-48 months | |
| As low as 2.79% | 49-60 months | |
| As low as 3.09% | 61-66 months | |
| As low as 3.69%* | 67-75 months | *72+ months over $20,000 |
| As low as 5.29%** | 76-84 months | **84 months over $30,000 |
ANNUAL PERCENTAGE RATE (APR) varies according to credit history of applicant(s). All loans are subject to approval. Late payment fee is 5% of payment amount when more than 7 days late. Some restrictions apply. Rates are subject to change without notice.
*APR = Annual Percentage Rate. Existing ABNB loans are not eligible for this promotional offer. All loans are subject to approval. Rate offered will vary based on credit worthiness. Rates are subject to change at any time. Some restrictions apply. 2017 and newer auto and truck loans with a minimum balance of $5000 and 90,000 miles or less are eligible for this promotional offer. Commercial vehicles are not eligible. Payment examples: Loan amount of $20,000 at 2.99% APR for 48 months would have a monthly payment of $443.00. Loan amount of $20,000 at 3.29% APR for 60 months would have a monthly payment of $362.00.
**Three $500 grocery gift cards and three $1,200 gas cards will be given away between February and July 2022 at ABNB Federal Credit Union. Restrictions apply. Monthly drawings to be held on 3/1/22, 4/1/22, 5/1/22, 6/1/22, 7/1/22, and 8/1/22. ABNB employees and volunteers are not eligible. Contest ends 7/31/22.
Personal Loans
| Beacon Score | Annual Percentage Rate |
|---|---|
| 720+ | as low as 8.99% |
| 719-690 | as low as 10.49% |
| 689-670 | as low as 11.99% |
| 669-640 | as low as 13.99% |
| 639-600 | as low as 15.49% |
Performance Money Market
| Balance | Rate | APY† |
|---|---|---|
| $1,000.00 to $9,999.99 | 0.0499% | 0.05% |
| $10,000.00 to $24,999.99 | 0.0499% | 0.05% |
| $25,000.00 to $49,999.99 | 0.0999% | 0.10% |
| $50,000.00 to $99,999.99 | 0.1499% | 0.15% |
| $100,000.00 to $249,999.99 | 0.2996% | 0.30% |
| > $250,000.00 | 0.4491% | 0.45% |
ABNB Federal Credit Union – Final Thoughts
You can find great community and great financial products at ABNB Federal Credit Union. They aren’t the biggest or the smallest, just somewhere in the middle. I do wish that they had more ATMS out there for national cash accessibility.
It’s a perfect place if you’re local and usually operating near where the branches are. Plus, it’s also not that big of a deal because they have refunds on ATM fees nationwide, up to $25 per month. It’s probably not that likely that you’ll even end up needing to use that. Anyways, they have plenty of assets and also give back to the community a lot at ABNB Federal Credit Union, which is awesome to see.
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*All information in this article was current at the time of this writing, however, it could change without notice. We do our best to keep these updated, however, there is no guarantee you will find the same information on the CU’s website or at the time of opening an account with them.
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