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AFCU & You Blog

Applications were submitted by many qualified high school seniors for our annual AFCU college scholarship. The top five students were chosen to receive $1,000 each to help further their education. Congratulations and good luck to the following 2019 Satellite Scholarship winners:

Andrew L., Virginia
Caroline S., Virginia
Mitchell H., California
Nicholas B., California
Tamara T., California

Congratulations to our monthly winner of the Win with AFCU Sweepstakes! Nicholas M. won $500 for making five or more purchase transactions with his AFCU Debit Card in May 2019. Nicholas came by the credit union to receive his prize and take a photo with our giant check!

Remember, the more purchases you make with your AFCU Debit Card the more entries you get into the prize drawings. We'll be giving away $500 each month throughout 2019 and a $2,500 grand prize at the end of the year! For full details and official rules, click here.


This summer AFCU is waiving our processing fees on First Mortgage and HELOC loan applications received by July 15, 2019 August 15, 2019 (Extended Date)!* All loans must close and fund by September 15, 2019 October 15, 2019 (Extended Date)! We have three opportunities to choose from:

First Mortgage

  • $699 in processing fees waived
  • Fee waiver available for purchases or refinances
  • Competitive low rates
  • Check current rates online
  • Low cost to members
  • Personalized service

Home Equity Line of Credit (HELOC)

  • $299 in processing fees waived
  • Keep your First Mortgage fixed rate
  • Borrow from $20,000 to $200,000
  • Spend on whatever you want/need
  • Enjoy a 10 year draw period
  • 20 year repayment period (after draw period ends)
  • No annual fees
  • Personalized service
  • Rates as low as 5.00% APR**

First Mortgage & HELOC Combo

  • $699 in processing fees waived
  • Complete both loans with a single application
  • Pay for only one appraisal
  • Less paperwork
  • Fee waiver available for purchases or refinances
  • Competitive low rates
  • Check current rates online
  • Personalized service

Call 800-795-2325 option 7 to talk with an AFCU mortgage team member!

*AFCU processing fees waived on AFCU First Mortgage loan and AFCU Home Equity Line of Credit (HELOC) applications received between June 1, 2019 and August 15, 2019. Third party fees still apply. All loans must close and fund by October 15, 2019. Offer subject to change without notice. **Rates expressed as Annual Percentage Rate (APR). Rates current as of June 1, 2019. Rates and terms are subject to change without notice.

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The information provided by Aerospace Federal Credit Union is for informational purposes only and does not constitute personal financial, investment, or tax advice. For advice on your particular financial situation, you should consult with your personal financial, investment, and/or tax advisors. The opinions and statements of authors and commenters on this Blog are not the opinions or statements of the Credit Union or the Board of Directors, and the Credit Union takes no responsibility for their content.