Andrews Federal Selected by Kiplinger’s Personal Finance as a Top Military Financial Institution

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By prnewswire.com

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.

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