The Andovers
The Andovers is a credit union based in Andover, Massachusetts, established in 1964, with $36 million in total assets serving 2,152 members. By Trust Grade it ranks 32nd of 122 credit unions we track in Massachusetts. Its net worth ratio of 13.1% trails most similarly sized credit unions (41th percentile), versus a Massachusetts median of 12%. It was profitable over the most recent period, with a 0.80% return on assets. No consumer complaints against The Andovers appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How The Andovers compares to Massachusetts peers
How we graded The Andovers
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (13.1% capital ratio)
- Profitable (ROA 0.80%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for The Andovers over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at The Andovers insured?
Yes. The Andovers is an NCUA-insured credit union. Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
The Andovers: frequently asked questions
Is The Andovers a good credit union?
The Andovers earns a Bankzia Trust Grade of A (96/100, "Excellent"), based on a financial-strength score of 96/100 (it has no CFPB complaints on record). Strongly capitalized (13.1% capital ratio); Profitable (ROA 0.80%).
Is The Andovers NCUA-insured?
Yes. The Andovers is a NCUA-insured credit union. Deposits are protected up to the standard NCUA limit of $250,000 per depositor, per ownership category.
How big is The Andovers?
The Andovers holds $36 million in total assets, ranking 32nd of 122 credit unions we track in Massachusetts. It serves 2,152 members.
Does The Andovers have CFPB complaints?
No CFPB complaints against The Andovers appear in our data over the analysis window, which is typical for a credit union of this size.
Similar Credit Unions
Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
