Apple Federal Credit Union Review 2022: Is It Right for You?

GOBankingRates Score

GOBankingRates Best Banks 2023 scores and rankings are objectively determined by our research/editorial team. Our scoring formula weighs several factors that differ from category to category depending on what consumers want from varying products and banks.
Quick Take: Apple Federal Credit Union offers a wide range of financial products not always available from traditional banks, but it has steep minimum requirements to earn the best APYs on savings and checking. While it does not offer as many member benefits as other credit unions, most customers highly praise its customer service.
  • APYs
  • Benefits
  • Products
  • Customer Service
How did we calculate this?


  • Product offerings for almost every banking and financial need
  • Most banking transactions can be completed without visiting a physical branch


  • Limited membership
  • High account requirements and minimums for the best APYs
  • Few member benefits

Apple Federal Credit Union Overview

Apple Federal Credit Union was founded in 1956. Initially, its membership was limited to educators, but members no longer need to be affiliated with a school system to qualify. Now membership is open to anyone who lives, works, volunteers or worships in select Northern Virginia counties and cities. Apple FCU currently has 20 branches.

Key Features

GOBankingRates gave Apple FCU 4.2 stars based on the following key features.


Here are Apple FCU’s APYs on primary banking products.

Account Type APY
Free A+ Checking N/A
Regular Savings
Money Market Accounts to depending on balance
Certificates to depending on certificate term

Apple FCU does offer an interest-bearing Advantage Checking account with a waivable monthly fee, as well as student and education savings accounts with better APYs for which members may be eligible.


Apple FCU offers the following benefits to members:

  • Learning Center: The Apple FCU Learning Center offers resources like free financial education and analysis to help you understand your money better.
  • Financial Calculators: Apple FCU has calculators available for debt, mortgage, budgeting, auto, retirement and savings, with several options available in each category.
  • Financial Seminars: Apple FCU schedules seminars for members on different topics, like purchasing a home.
  • Dividend Earnings: Members can earn interest on select Apple FCU accounts.


Apple FCU provides the following traditional banking products:

  • Credit cards
  • Checking
  • Savings
  • Money market accounts
  • Certificates
  • IRAs
  • Loans

Unlike some traditional banks, Apple FCU provides insurance, estate services, wealth management and tax services.

Customer Service

Apple FCU provides several ways for members to get customer service assistance:

  • Physical branch
  • Phone
  • Secure email
  • Chat
  • Facebook

Apple FCU has been a member of the Better Business Bureau since 2011 and has an A+ rating. It has a customer rating of 4.7 on its site.

Comparable Credit Union Options

Anyone interested in joining a credit union has a variety of choices and should compare options before applying to one. Here is how Apple FCU compares to two other credit unions.

Apple FCU vs. Consumers Credit Union

Apple FCU customers must meet specific minimum requirements to earn a APY on the Advantage Checking account. Consumers Credit Union offers fee-free to APY Rewards Checking. CCU membership is open to anyone.

Apple FCU vs. Ascend Federal Credit Union

While Apple FCU’s member benefits are somewhat limited, Ascend Financial Credit Union offers quite a few member perks, including:

  • Access to financial education lessons, videos, tools and calculators
  • Member profit-sharing
  • Debit card purchase discounts
  • Free access to Ascend’s robust money management tool

How To Apply

Those interested in joining Apple FCU can apply online or visit a local branch. Applicants will need at least one form of identification and must prove membership eligibility. For online applications, the required documentation can be securely uploaded during the application process.

Who Apple Federal Credit Union Is Best For

Apple FCU is best for those who live or work in Northern Virginia and can meet minimum account requirements to benefit from better APYs. Anyone who cannot meet Apple FCU’s minimum account requirements may find better APYs from other financial institutions. 

Final Take

Apple Federal Credit Union provides a suite of financial services beyond what you can get from many traditional banks, but its account APYs cannot compete with those of some other credit unions. However, customers and the Better Business Bureau give Apple FCU high ratings.


Here are answers to common questions about Apple FCU.
  • Is Apple Federal Credit Union owned by Apple?
    • Apple Federal Credit Union is not owned by nor associated with Apple Inc., the technology company. Apple began as a credit union for educators, which is likely the reason for "apple" in the name.
  • What states is Apple Federal Credit Union in?
    • All physical branches of Apple Federal Credit Union are in Northern Virginia.
  • Who can use Apple Credit Union?
    • Membership to Apple Federal Credit Union is available to anyone who lives, works, worships, volunteers or attends school in the following areas of Northern Virginia: Fairfax County, Frederick County, Prince William County, City of Fairfax, City of Manassas and City of Manassas Park.
  • Is Apple Federal Credit Union FDIC insured?
    • Since Apple FCU is a credit union, it is insured by the National Credit Union Administration rather than the FDIC. Apple FCU accounts are protected up to $250,000 by the NCUA.

Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of June 8, 2022.

Editorial Note: This content is not provided by Apple Federal Credit Union. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by Apple Federal Credit Union.

About the Author

Andrea Norris has been in the web publishing business for the past 15 years both as a content contributor and a copy editor specializing in personal finance, frugal living, home and auto topics. She writes both short and long-form content and is well-practiced in SEO keyword research and writing.
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