2020 Overview
General Credit Union Information
Navy Federal Credit Union is an NCUA insured institution located in Vienna, VA. It was founded in 1947 and has approximately $106036.96 millions in assets.
Who can join?
Navy Federal's field of membership is determined by the National Credit Union Administration.
If you fall under any of these categories, you're eligible to join:
All Department of Defense (DoD) uniformed personnel—Army, Marine Corps, Navy and Air Force retirees and annuitants
All Department of Defense Reservists—Army, Marine Corps, Navy and Air Force retirees and annuitants
All Army and Air National Guard Personnel—civilian employees, retirees and annuitants
All Delayed Entry Program (DEP) Personnel
All DoD Officer Candidate programs—Midshipmen and cadets at the United States Naval Academy,
United States Military Academy, United States Air Force Academy, United States Coast Guard Academy and the United States Merchant Marine Academy; Other Officer Programs
U.S. government employees assigned to DoD installations (including Coast Guard)
All DoD civilian employees—including retirees and annuitants
DoD contractors assigned to U.S. Government installations
Family Members—including grandparents, parents, spouses, siblings, grandchildren, children (including adopted and stepchildren) and household members
| NCUA Insured | Yes |
| Charter Number # | # 5536 |
| Date Established | 1947 |
| Assets | $106,036.96 million |
| Loans | $76,573.22 million |
| Deposits | $79,870.90 million |
| Capital | $13,024.49 million |
Field of Membership Restrictions
Deposit Rates - April 2, 2020
Your Current Location: Connecticut, CT 06828
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.25% | $5 | - | Learn More |
|
Money Market
|
0.80% | $2,500 | $9,999 | Learn More |
|
Money Market
|
0.85% | $10,000 | $24,999 | Learn More |
|
Money Market
|
0.90% | $25,000 | $49,999 | Learn More |
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 3 Year Jumbo CD
|
1.76% | $100,000 | - | Learn More |
| 3 Mo CD
|
1.10% | $10,000 | $19,999 | Learn More |
| 3 Mo CD
|
1.15% | $100,000 | - | Learn More |
| 6 Mo CD
|
1.35% | $10,000 | $19,999 | Learn More |
| 6 Mo CD
|
1.40% | $100,000 | - | Learn More |
| 9 Month CD
|
1.45% | $1,000 | - | Learn More |
| 9 Month CD
|
1.50% | $100,000 | - | Learn More |
| 12 Mo CD
|
1.60% | $10,000 | $19,999 | Learn More |
| Compare with 1.92% APY 12 MONTH from Gateway First Bank | Advertiser Disclosure | ||||
| Compare with 1.92% APY 12 MONTH from Gateway First Bank | Advertiser Disclosure | ||||
| Compare with 2.02% APY 12 MONTH from Gateway First Bank | Advertiser Disclosure | ||||
| Compare with 2.02% APY 12 MONTH from Gateway First Bank | Advertiser Disclosure | ||||
| 12 Month CD
|
1.65% | $100,000 | - | Learn More |
| Compare with 1.92% APY 12 MONTH from Gateway First Bank | Advertiser Disclosure | ||||
| Compare with 1.92% APY 12 MONTH from Gateway First Bank | Advertiser Disclosure | ||||
| Compare with 2.02% APY 12 MONTH from Gateway First Bank | Advertiser Disclosure | ||||
| Compare with 2.02% APY 12 MONTH from Gateway First Bank | Advertiser Disclosure | ||||
| 18 Month CD
|
1.65% | $1,000 | - | Learn More |
| 18 Mo CD
|
1.60% | $10,000 | $19,999 | Learn More |
| 18 Month CD
|
1.65% | $100,000 | - | Learn More |
| 2 Year CD
|
1.70% | $1,000 | - | Learn More |
| 24 Mo CD
|
1.65% | $10,000 | $19,999 | Learn More |
| 24 Month CD
|
1.70% | $100,000 | - | Learn More |
| 36 Mo CD
|
1.70% | $10,000 | $19,999 | Learn More |
| 36 Month CD
|
1.76% | $100,000 | - | Learn More |
| 48 Mo CD
|
1.76% | $10,000 | $19,999 | Learn More |
| 4 Year Jumbo CD
|
1.80% | $100,000 | - | Learn More |
| 60 Mo CD
|
1.76% | $10,000 | $19,999 | Learn More |
| 60 Month CD
|
1.80% | $100,000 | - | Learn More |
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Var IRA
|
0.80% | $1 | $9,999 | Learn More |
| Fixed IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Fixed IRA
|
1.60% | $1,000 | $9,999 | Learn More |
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.35% | $1 | $9,999 | Learn More |
Loan Rates - April 2, 2020
Your Current Location: Connecticut, CT 06828
| Home Equity Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| Line of Credit | 5.75% | 5.75% | Varies | |
Compare with 3.5 RATE Line of Credit from People's United Bank, N.A.
See All Home Equity Rates |
||||
| 10 Year Loan | 6.05% | 6.05% | $556.36 | |
| 15 Year Loan | 6.35% | 6.35% | $431.44 | |
| Auto Loan Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 3 Year | 2.99% | 2.99% | $726.92 | |
| 4 Year | 3.69% | 3.69% | $561.01 | |
| 5 Year | 3.69% | 3.69% | $456.92 |
| Refinance Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 15 Year Fixed Jumbo | 3.34% | 3.13% | $1,741.52 | |
| 15 Year Fixed Conforming | 3.34% | 3.13% | $1,741.52 | |
| 30 Year Fixed Jumbo | 3.80% | 3.63% | $1,140.13 | |
| 30 Year Fixed Conforming | 3.93% | 3.75% | $1,157.79 |
| Purchase Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 15 Year Fixed Jumbo | 3.34% | 3.13% | $1,741.52 | |
| 15 Year Fixed Conforming | 3.34% | 3.13% | $1,741.52 | |
| 30 Year Fixed Jumbo | 3.80% | 3.63% | $1,140.13 | |
| 30 Year Fixed Conforming | 3.93% | 3.75% | $1,157.79 |
Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.
Branches
Below are Navy Federal Credit Union branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Fairfield,Connecticut
Navy Federal Credit Union Locations
Financial Details
Navy Federal Credit Union Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Navy Federal Credit Union. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Navy Federal Credit Union | U.S. Average |
|---|---|
| 5.57% | 5.86 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of June 30, 2019, Navy Federal Credit Union had $787,771,348 in non-current loans and $26,947,228 in owned assets. To cover these potential losses it had $13,024,490,703 in net worth and $1,603,480,003 in loans loss reserves. That gives it a Texas Ratio of 5.57%.
Net Worth
| Navy Federal Credit Union | U.S. Average |
|---|---|
| 12.28% | 13.65% |
Navy Federal Credit Union FCU has a net worth of 12.28% versus the BestCashCow average of 13.65. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Frequently Asked Questions About Navy Federal Credit Union
Branches and Savings
What is Navy Federal Credit Union?
A federal credit union, registered with the NCUA under certificate #5536.
Learn more about credit unions here.
Is Navy Federal Credit Union FDIC insured?
No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.
Who can join Navy Federal Credit Union?
Please see Field of Membership information above for information on who is eligible to join.
How big is Navy Federal Credit Union?
Navy Federal Credit Union has total capital of $13,024.49 million. Full information on Navy Federal Credit Union's financial position is located above.
Who owns Navy Federal Credit Union?
Credit Unions are owned by their members.
Where are Navy Federal Credit Union branches located?
See branch locations nearby.
Capt JimPat
March 06, 2020 |
Easiest financial institution I have ever used
Is this review helpful? Yes:0 / No: 0
Heronva
December 30, 2019 |
Being a retired Marine and regular critic of NFCU, in the last two years, I have to admit the Customer Service, the dividend rates, and the overall quality of services have increased immensely. I am even considering starting a direct deposit again.
Is this review helpful? Yes:1 / No: 0
RRS
August 27, 2019
The rate dropped to 3.25% on 8-16-19.
Is this review helpful? Yes:2 / No: 1
RAD
March 22, 2019
Navy Federal does not have a 40mo cd for 3.75 only 40mo fixed ira cd
Is this review helpful? Yes:3 / No: 1
JSS
January 10, 2017
They do not allow DoD employees anymore they only allow Armed forces or armed forces familys
Is this review helpful? Yes:8 / No: 1
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