Credit union

The Andovers Federal Credit Union

Andover, Massachusetts, Essex County, MA

$37M in total assets and 2,050 members, the 2,670th largest of 4,298 US credit unions and 74th of 121 headquartered in Massachusetts.

NCUA charter: 16067
Charter: Federal
Chartered: 1964
NCUA insured since: 1971
Field of membership: Multiple common bond - primarily federal, state, local government
Website: http://www.andoverfcu.com

At a glance

Compared with 41 federally insured credit unions in Massachusetts with under $100 million in assets, as of June 30, 2026.

Measure	This credit union	Percentile	Peer median
Total assets	$37M	63%	$30M
Loans	$8M	15%	$16M
Deposits (shares)	$32M	66%	$26M
Members	2,050	56%	1,849
Return on assets	1.01%	76%	0.74%
Net interest income to assets	2.71%	12%	3.19%
Efficiency ratio	66.7%	20%	77.8%
Net worth ratio	13.21%	54%	12.90%
Loans to shares	24%	2%	61%
Cost of deposits	0.89%	27%	1.25%

Ratios are annualized from year-to-date figures. Return on assets uses average assets, as NCUA does. Cost of deposits includes dividends on shares.

Growth

Total assets grew 2.3% a year over 10 years but fell 0.9% a year over the last 5, without mergers. Membership fell 3.3% a year over 5 years, to 2,050.

Mergers and acquisitions

Closed	Absorbed	Assets at last filing
Sep 2013	North Andover Municipal Federal Credit Union Credit union, North Andover, MA	$2M

Where they operate

2 branches in 1 county.

Largest counties by branches

County	Branches	Share of all branches	Rank
Essex County, MA	2	0.7%	31 of 59

Credit unions do not report deposits by branch, so these are branch counts: this credit union's branches against every bank and credit union branch in the county. Rank is among all banks and credit unions with a branch there.

Branches by year

Year end	Branches	Change
2016	2
2017	2	0
2018	2	0
2019	2	0
2020	2	0
2021	2	0
2022	2	0
2023	2	0
2024	2	0
2025	2	0
Jun 2026	2	0

Member-serving offices as listed in NCUA call reports. Changes include branches gained in mergers.

Earnings and credit

Return on assets

Year to date, annualized, with the peer median.

Credit and capital

	This credit union	Peer median
Delinquent loans, 60+ days	0.66%	0.37%
Net worth ratio	13.21%	12.90%
Loans to shares	24%	61%

Delinquent loans are two or more months past due. Net worth is NCUA's capital measure for credit unions.

Credit unions of similar size in Massachusetts

Most branches in Essex County, MA

Figures as of June 30, 2026 from the credit union's NCUA call report (Form 5300), NCUA's credit union locator and FFIEC merger records.