Apple Federal Credit Union Info + Reviews

Apple Federal Credit Union is our focus here. We’ll be taking a look at a handful of details on this Virginia CU in this article. Those will include things like their member eligibility, 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.

If you currently work there and want to be notified when reviews come in, please email info@thiscollegelife.com and request to be on the email list. Please say the specific name of your credit union in the subject line.

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Check Your Personal Loan Rate with SoFi

*Routing #: 256078514

*Phone #: 703-788-4800

Locations: They have a lot of locations and frankly too many to list here, so check out their branch finder tool.

A Little History on Apple Federal Credit Union

AFCU has been around since 1956. Other than that, they don’t really give much history like how they started. In most cases, a group of employees somewhere decided to get together and form a credit union due to a rough economy and losing trust in the traditional financial systems.

On their Community page, they do mention that they were started with “an act of kindness.” Today, they have over $3.7 billion in assets. It looks like they are part of the CO-OP ATM network, which should mean that you can access cash from there at over 30,000 surcharge-free ATMs nationwide, however, I couldn’t verify that.

There are a lot of ATMs around where branches are located, though.

Do They Give Back At All?

They give back to the community by volunteering, providing financial education, and by donating money to local organizations. That’s great to see, it’s really important to give back to the community!

Membership Requirements at Apple Federal Credit Union

If you want to join AFCU, then you’ll need to meet certain requirements. Although they used to be just for teachers, the field of membership has expanded significantly. Anyone who lives, works, worships, volunteers, or attends school in the following places is in:

Fairfax county, Frederick County (VA), Prince William County, City of Fairfax, City of Manassas, City of Manassas Park.

There are also a handful of schools and workplaces that can also get you in. Plus, you can qualify through immediate family as well. There’s too many places to list here, so, check out their full page of all the ways in.

Their Products

You can choose from a variety of checking accounts at Apple Federal Credit Union. They have the Free A+, Advantage, Student, and Investors.

There are a couple more credit cards here than the average credit union, too. You’ll be able to choose from the Visa Platinum, Signature Rewards, MyRewards, Educator, Student, and Credit Builder cards.

The loan products at AFCU are also pretty extensive. They have auto loans, mortgages, home equity loans, personal, education, new teacher loans, skip-a-pay loans, motorcycle, and loan protection products.

Savings account products also have a lot of variety. They’ve got money market accounts, certificates, eXtras student savings, education super supersaver, summer pay, club accounts, IRA, safe deposit boxes and estate services.

Commercial Banking at Apple Federal Credit Union

If you have a small business or other commercial needs, they should be able to cover those here, too. AFCU has checking and money market accounts along with a handful of lending options.

Commercial real estate, construction loans, equipment loans, permanent working capital loans, working capital line of credit.

They also have merchant services.

A Few Rates

(All rates were current at the time of this article, however, they are all subject to change without notice)

Used Auto Loan (Includes Refinance)

Loan Type
Approximate Terms
APR as low as*Conditions Apply Now Used Auto Loan Disclosure
Refinance Used Auto Loan Disclosure   
up to 36 months1.89 %Minimum loan of $5,000; vehicle must be no more than 7 model years old. Maximum mileage of 100,000.
up to 48 months2.14 %Minimum loan of $5,000; vehicle must be no more than 7 model years old. Maximum mileage of 100,000.
up to 60 months2.14 %Minimum loan of $5,000; vehicle must be no more than 7 model years old. Maximum mileage of 100,000.
up to 72 months2.64 %Minimum loan amount $15,000; vehicle must be no more than 7 model years old. Maximum mileage of 100,000.
up to 84 months2.89 %Minimum loan amount $25,000; vehicle must be no more than 3 model years old. Maximum mileage of 100,000.

*APR = Annual Percentage Rate as of 10/04/2021 and includes a 0.25% Direct Deposit rate discount at Apple Federal Credit Union; subject to change at any time. Rates are based on an evaluation of applicant credit and amount financed. Your actual APR will be disclosed at the time of disbursement. Not all applicants will qualify for the lowest rate. Advertised as low as rate is based on 36-month term for a new and a used vehicle and new and a used motorcycle, this includes a maximum down payment loan-to-value discount when you finance up to 80% of the value of the vehicle or motorcycle. Current Apple FCU Auto Loans are not eligible for refinance.

More disclosures

0.25% rate discount contingent upon an active, monthly direct deposit into an Apple Federal Credit Union Savings or Checking account. If you fail to set up Direct Deposit within 60 days of Loan closing, or at any point during the life of the Loan are no longer receiving the Direct Deposit, the rate will increase by .25% above the interest rate disclosed in the Loan and Security Agreement, beginning the first day of the month following any such occurrence, and until all Principal is paid in full. The discount cannot be reinstated during the term of the loan.

Personal Loan Rates

TypeAPR as low as*Conditions
Signature Loan7.74%Up to $50,000
Signature Line of Credit (Variable)7.49%Up to $50,000; APR is Prime Rate** + 4.24 – 14.99%
Savings Secured (Regular Savings)3.00% plus the dividend rate paid on the deposit accountSavings are pledged for loan; amount of the loan cannot exceed the balance in the account securing the loan
Savings Secured (Certificates)2.00% plus the dividend rate paid on the deposit accountCertificates are pledged for loan; amount of the loan cannot exceed the balance in the account securing the loan and must be equal to or less than the Certificate term

*APR = Annual Percentage Rate. Rates are based on an evaluation of applicant credit. Your actual APR will be disclosed at the time of disbursement. Not all applicants will qualify for the lowest rate.

**Index as published in the Wall Street Journal on the first business day of the month preceding Jan. 1, April 1, July 1, and Oct. 1. Maximum Rate 18.00%.

More Disclosures

 Includes a 0.25% Direct Deposit rate discount; subject to change at any time. Rates are based on an evaluation of applicant credit and amount financed. Your actual APR will be disclosed at the time of disbursement. Not all applicants will qualify for the lowest rate. 0.25% rate discount contingent upon an active, monthly direct deposit of $1,000 or more into an Apple FCU Savings or Checking account.

If you fail to set up Direct Deposit at Apple Federal Credit Union within 60 days of Loan closing, or at any point during the life of the Loan are no longer receiving the Direct Deposit minimum of $1,000 a month, the rate will increase by 0.25% above the interest rate disclosed in the Loan and Security Agreement, beginning the first day of the month following any such occurrence, and until all Principal is paid in full. The discount cannot be reinstated during the term of the loan.

Checking Deposit Rates

Account TypeAPY*Minimum Opening DepositCompounded
Advantage Checking0.05 %Monthly
Investors Checking (Up to $19,999)1.00 %Monthly
Investors Checking ($20,000 or more)0.05 %Monthly

*APY = Annual Percentage Yield is subject to change without notice. All deposit rates are effective as of 06/01/2020.

Fees could reduce the earnings on the account.

Apple Federal Credit Union – Final Thoughts

AFCU is a pretty standard community credit union in Virginia. They have competitive rates, especially for buying used cars. It’s great to see that they give back to their community in a number of ways. Success unshared is failure and they definitely know how to share it. Their products are very wide-ranging, too. Assets are solid at over $3 billion as well.

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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.

*This site is not affiliated with the Credit Union mentioned in this article.

Bob Buckley

Bob Buckley writes about food and business.