Northwest Federal Credit Union
Headquarters
200 Spring St
Herndon, VA 20170
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Phone 1-703-709-8900
2024 Overview
General Credit Union Information
Northwest is an NCUA insured institution located in Herndon, VA. It was founded in 1947 and has approximately $4564.74 millions in assets.
Who can join?
You can join if one of the following statements applies to you:
I am related to a current NWFCU member.
I qualify through my Employer or Organization
I work for the Agency.
I work for the Agency Contractor.
I am an Agency Detailee. Please select your agency
I work for the Office of the Director of National Intelligence
I am assigned or detailed to the Department of Homeland Security
I work for the National Geospatial-Intelligence Agency at Building 213
I am currently a member of the Financial Awareness Network (FAN)
I would like to join the Financial Awareness Network (FAN). The FAN membership dues are $10.
For lists
https://secure.loanspq.com/Consumer/Xpress/public/Eligibility.aspx
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 5500 |
| Date Established | 1947 |
| Assets | $4,564.74 million |
| Loans | $2,885.33 million |
| Deposits | $3,364.75 million |
| Capital | $513.22 million |
Field of Membership Restrictions
Membership in Northwest Federal Credit Union is open to anyone through joining the Financial Awareness Network ($10 membership fee) or the Florida Literacy Coalition ($10 membership fee). Membership is also open to employees of the Central Intelligence Agency, the National Reconnaissance Office, office of the Director of National Intelligence, personnel assigned or detailed to the Department of Homeland Security and people retired from these agencies and to employees of member companies and members of partner organizations.
Deposit Rates - April 19, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| SAV
|
0.05% | $1 | - |
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|
|
Money Market
|
0.64% | $0 | $24,999 |
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|
|
Money Market
|
1.41% | $250,000 | $999,999 |
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|
|
Money Market
|
1.46% | $1,000,000 | - |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 3 Mo CD
|
0.05% | $1,000 | - |
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|
| 6 Mo CD
|
0.11% | $1,000 | - |
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|
| 10 Mo CD
|
4.00% | $1,000 | - |
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|
| 11 Mo CD
|
4.75% | $1,000 | - |
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|
| 18 Mo CD
|
4.26% | $1,000 | - |
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|
| 24 Mo CD
|
4.40% | $1,000 | - |
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|
| 30 Mo CD
|
4.60% | $1,000 | - |
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|
| 36 Mo CD
|
3.90% | $1,000 | - |
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|
| 48 Mo CD
|
3.80% | $1,000 | - |
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|
| 60 Mo CD
|
4.00% | $1,000 | - |
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|
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| VIRA
|
0.20% | $0 | - | Learn More |
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| INTCK
|
0.07% | $0 | - | Learn More |
Loan Rates - April 19, 2024
Your Current Location: Ohio, OH 43085
| Home Equity Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| Line of Credit See Table |
5.00% | 5.00% | Varies | |
Compare with 7.49 RATE Line of Credit from Third Federal Savings and Loan
See All Home Equity Rates |
||||
| 10 Year Loan
See Table |
5.17% | 5.13% | $1,066.78 | |
| 15 Year Loan
See Table |
5.66% | 5.63% | $823.73 | |
| Auto Loan Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 3 Year | 2.59% | 2.59% | $722.52 | |
| 5 Year | 3.09% | 3.09% | $450.22 |
| Refinance Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 15 Year Fixed Conforming See Amortization Table |
6.94% | 6.88% | $2,853.93 | |
| 15 Year Fixed Jumbo See Amortization Table |
6.90% | 6.88% | $2,853.93 | |
| 30 Year Fixed Jumbo See Amortization Table |
7.39% | 7.38% | $2,210.16 | |
| 30 Year Fixed Conforming See Amortization Table |
7.41% | 7.38% | $2,210.16 |
| Purchase Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 15 Year Fixed Conforming See Amortization Table |
6.94% | 6.88% | $2,853.93 | |
| 15 Year Fixed Jumbo See Amortization Table |
6.90% | 6.88% | $2,853.93 | |
| 30 Year Fixed Jumbo See Amortization Table |
7.39% | 7.38% | $2,210.16 | |
Compare with 6.994% APR and 6.875% 30-Year Fixed RATE from Tomo Mortgage, LLC.
See All Mortgage Rates |
||||
| 30 Year Fixed Conforming See Amortization Table |
7.41% | 7.38% | $2,210.16 | |
|
Compare with 6.994% APR and 6.875% 30-Year Fixed RATE from Tomo Mortgage, LLC.
See All Mortgage Rates |
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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 Northwest 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:
Columbus,Ohio
Climate Policy and Initiatives
NORTHWEST is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Northwest Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Northwest. 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
| Northwest | U.S. Average |
|---|---|
| 4.39% | 6.97 |
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 December 31, 2023, Northwest had $22,609,653 in non-current loans and $271,991 in owned assets. To cover these potential losses it had $513,215,591 in net worth and $8,375,644 in loans loss reserves. That gives it a Texas Ratio of 4.39%.
Net Worth
| Northwest | U.S. Average |
|---|---|
| 11.21% | 13.62% |
Northwest FCU has a net worth of 11.21% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Northwest
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