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820 Follin Ln SE
Vienna, VA 22180

Navy FCU is a Virginia-based federal credit union serving millions of members who are, or are related to, service members and employees with the Department of Defense. The credit union offers a range of depository banking and lending products, as well as business and investment services, and is considered the largest credit union in the world.

On its personal banking side, Navy Federal Credit Union offers checking, savings, Money Market, Certificate, and IRA accounts to serve consumers’ savings needs. A variety of checking account options offer flexibility and include accounts designed for active duty members, students, and members looking for higher interest returns. Navy’s active duty checking has no balance minimums, refunds ATM fees up to a certain amount, and gives free military-themed checks for the life of the account. The student checking differs from the basic checking account only by offering ATM fee refunds. Overdraft protection options are available on all of Navy’s checking accounts.

The credit union’s basic savings account has no monthly fees and a low initial deposit requirement. A savings account is automatically opened by the credit union when membership is granted. Money Market savings accounts offered by the credit union earn more than a basic savings account because of minimum balance requirements. There is also a Jumbo dividend rate for Money Market accounts with over $100,000 balances. Certificates and IRA Certificates are available in term lengths that range from 3 months to 7 years. Navy’s Special Certificate account earns a competitive rate of interest, but has a low maximum balance cap. Its standard Certificates and IRA Certificates have no maximum deposit caps. has recognized Navy’s Certificates repeatedly in the past.

Navy FCU online banking offers a secure and convenient banking platform on which members can perform account management tasks like transferring funds, paying bills, ordering checks, and making loan payments. Free Direct Deposit makes it easy to seamlessly deposit paychecks and Navy’s mobile banking services provide remote deposit to make depositing any check quick and simple. Scan deposits can be accomplished via a scanner attached to a computer and are free for personal account holders, $1 per month for business account holders.

Navy FCU was originally established in 1933 as the Navy Department Employees’ Credit Union of the District of Columbia. After dissolving in 1947, the credit union was rechartered as a federal credit union and named Navy Department Employees Federal Credit Union, until transitioning to its current name in 1954. Today, Navy FCU is headquartered in Vienna, Virginia, and employs over 10,000 people who serve more than 4 million members. The credit union serves its members through numerous locations in states all across the country.

Field of Membership Restrictions

Serving Army, Marine Corps, Navy, Air Force, Coast Guard, DoD and their families. - See Details

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Navy Federal Cuts CD Rates But They Remain Competitive - 3/3/2014

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Big CD Rate Increases at Navy Federal Credit Union - 1/20/2014

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Navy Federal Credit Union New Member and IRA Promotions - 1/17/2014

Navy Federal Credit Union is offering two nice promotions. First, Navy Fed has a promotion for new members. Join Navy Fed online by January 31, 2014, and you’ll receive $50 within 7 days of account op ...

12/22/11 - Navy Federal's IRA CD Special & Top CD Rates - Limited Membership
11/6/11 - Navy Federal CU Now Offers Scan Deposits Service
9/13/11 - Special Easy Start 12-Mo. CD
7/29/11 - Rate Change
4/1/11 - Navy Federal Raises CD Rates Again - Available Nationwide But Limited Membership
3/1/11 - Higher CD & IRA CD Rates at Navy Federal Credit Union - Limited Membership
2/28/11 - 1 Year Easy Start CD
1/25/11 - Navy Federal Increases Special 30-Mo CD Rate, But Limits It To IRAs
12/7/10 - Rate Cut From Navy Federal Credit Union
11/18/10 - Special 30-Month CD and IRA Rate at Navy Federal Credit Union
10/31/10 - Update For Navy Federal Members Who Came From USA Fed
9/23/10 - USA Fed Members Soon To Become Navy Federal Members: Opportunity to Join Navy Federal?
9/22/10 - USA Federal To Merge Into Navy Federal - Impact To Navy's FOM?
9/6/10 - Navy Federal's CD Rates Fall But Remain Competitive
9/3/10 - Top CD and IRA CD Rates at Navy Federal But Rates May Fall Soon - Limited Membership
2/4/10 - Competitive Long-Term IRA CD Rates at Navy Federal Credit Union - Limited Membership
3/3/09 - 3.25% 6-Month CD at Navy Federal Credit Union
1/24/09 - 4.60% 30-Month IRA CD & 3.50% 6-Month CD at Navy Federal Credit Union
1/14/09 - 3.75% 6-Month CD & 5.10% 84-Month CD Continue at Navy Federal Credit Union
1/1/09 - New CD Rates at Navy Federal Credit Union
10/17/08 - 4.00% 6-Month CD at Navy Federal Credit Union
10/13/08 - 5.10% 5-Year CD at Navy Federal Credit Union
7/28/08 - 4.00% 15-Month CD at Navy Federal Credit Union
5/29/08 - Navy Federal Credit Union Updates - Eligibility and My Recent CD Issues
10/7/07 - Navy FCU Updates - Jumbo CDs and $100 Checking Account Bonus
8/12/07 - Navy FCU's 6% 10-Month CD May Be Ending Early
7/2/07 - 6.00% 10-Month CD at Navy FCU - It's Now Official
6/30/07 - 6.00% 10-Month CD Starts Monday at Navy FCU
5/20/07 - Update on Navy FCU - Money Market Account, CDs and My Experience Joining
2/5/07 - It's Official, 6.00% 15-Month CD at Navy FCU

Bye, Bye NFCU

Should be zero stars.

I have been a member for over 30 years.  I lost two jobs in 2011 and ended up having to short sale my home.

Even though NFCU accepted AND approved the short sale, NFCU hasn't reported my mortgage as PAID IN FULL and they ignore my inquires via phone and certified mail.  The icing on the cake, NFCU has cancelled my CC with no prior notice - an account that I have had for 20 years without one, not one, late payment.

Guess who is moving to USAA?   Bye, bye NFCU.

Below Average Mortgage Loan Experience

Recently, I bought my first home in Edmonds, WA.  My father served in the Navy for many years which is why he's been a huge fan of their products and services.  After doing some due diligence in searching for mortgage rates, NFCU does have very competitive rates.  However, I am most disappointed that the fees and the process wasn't explained to me very thoroughly especially since this was my first experience in buying a home.  I only worked with 2 different people, but if they represented the customer service department as a whole, they did a terrible job.  I felt that I was doing their work for them and I definitely did not feel I was treated correctly especially after they took my money towards the loan origination fee.  I would still use them again, because despite the poor service, their fees are good and their rates are very competitive.  For me, I'm willing to go through the hassle to save a buck.  Hopefully, my second experience wont be so bad and I just had a small round of bad luck.

Navy Credit Union Service

I overnighted checks for a Traditional and Roth IRA. I had the credit union send me the applications. I called and had them review my paperwork before sending it to them. I also forwarded instructions with my intent for each check.

The CD's did not get done for a 2-3 days but each was back dated to the date they received the checks. I was able to call to verify the account numbers and all the specifics the day after they were completed. I will receive verification of all information including beneficiaries for my files. After reading the reviews on this blog I was a little apprehensive but so far everything has been smooth.

I like that I can take out the RMD with no penalty, take out money for a conversion with no penalty and actually take out more than the required RMD with no penalty.

Navy Federal review

First off, banks figure out ways to nickel and dime you for their bottom line. In general, Credit Unions do not. Specific to Navy Federal...I signed up with them when I was in the Navy. They have always been incredibly competitive on rates with other CU's, and they flat out kill the rates at banks. We learned this as my wife worked at a bank and her 'employee rates' were worse than NFCU. As for the negative rev... view moreiews...something doesn't quite add up. I've never personally talked with a service member or vet who could not get a manners hip there. I have referred dozens of them that direction and each has had no issues at all.



Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Navy Federal Credit Union had $370.35 million in non-current loans and owned real-estate with $7.19 billion in equity and loan loss allowances on hand to cover it. This gives Navy Federal Credit Union a Texas Ratio of 5.15% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Navy Federal Credit Union experienced no significant changes from 5.45% as of March 31, 2013 to 5.15% as of March 31, 2014, resulting in a positive change of 5.47%.This indicates that the balance sheet and financial strength for Navy Federal Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Navy Federal Credit Union has increased its total deposits by $2.65 billion, resulting in 6.68% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Navy Federal Credit Union has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Navy Federal Credit Union has $58.12 billion in assets with $7.19 billion in equity, resulting in a capitalization level of 12.37%, which is excellent.

Institution Statistics

NCUA #5536
Year Chartered1947
Primary Regulator
Assets and Liabilities
Assets$58.12 billion
Loans$40.32 billion
Deposits$42.27 billion
Equity Capital$6.53 billion
Loan Loss Allowance$657.51 million
Unbacked Noncurrent Loans$348.03 million
Real Estate Owned$22.32 million
Historic Data - March 2013
Assets$54.28 billion
Equity Capital$6.03 billion
Loan Loss Allowance$654.13 million
Unbacked Noncurrent Loans$348.03 million
Real Estate Owned$19.02 million
Profit Margin - Quarterly
Net Interest Margin1.43%
Return on Assets1.5%
Return on Equity13.38%
Interest Income$731.37 million

Always verify rates and promotions with the bank or credit union. We are not Navy Federal Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Navy Federal Credit Union Savings Account Rates

0.25%--IRA Share
0.25%--Share Savings
0.25%--SEP IRA Share
0.25%--ESA Share
0.25%--Roth IRA Share

Navy Federal Credit Union Money Market Rates

0.60%$100k-Jumbo Money Market Savings
0.60%$100k-Jumbo IRA Money Market Savings
0.55%$50k-IRA Money Market Savings
0.55%$50k-Money Market Savings
0.55%$50k-ESA Money Market Savings

Navy Federal Credit Union Checking Account Rates

0.45%$25k-Flagship Checking
0.45%$25k-Premium Business Checking
0.05%--EveryDay Checking
0.05%--Campus Checking
0.05%--Active Duty Checking
0.05%--Business Checking
0.05%--Business Plus Checking

Navy Federal Credit Union CD Rates

3.00%$50$3k12 Month Special EasyStart Certificate
2.55%$100k-7 Year CD
2.30%$100k-6 Year CD
2.15%$100k-5 Year CD
1.65%$100k-4 Year CD
1.40%$100k-3 Year CD
1.05%$100k-24 Month CD
0.95%$100k-18 Month CD
0.85%$100k-12 Month CD
0.75%$100k-9 Month CD
0.75%$100-12 Month EasyStart Certificate
0.65%$100k-6 Month CD
0.60%--3 Month - 5 Year SaveFirst Account
0.55%$100k-3 Month CD
0.42%$500-3 Year Variable Share Certificate

Navy Federal Credit Union IRA Rates

3.00%$50$3k12 Month Special EasyStart IRA
3.00%$50$3k12 Month Special EasyStart ESA
2.55%$100k-7 Year IRA
2.55%$100k-7 Year ESA
2.30%$100k-6 Year IRA
2.30%$100k-6 Year ESA
2.15%$100k-5 Year IRA
2.15%$100k-5 Year ESA
1.65%$100k-4 Year IRA
1.65%$100k-4 Year ESA
1.40%$100k-3 Year IRA
1.40%$100k-3 Year ESA
1.05%$100k-24 Month IRA
1.05%$100k-24 Month ESA
0.95%$100k-18 Month IRA
0.95%$100k-18 Month ESA
0.85%$100k-12 Month IRA
0.85%$100k-12 Month ESA
0.75%$100k-9 Month IRA
0.75%$100k-9 Month ESA
0.75%$100-12 Month EasyStart IRA
0.75%$100-12 Month EasyStart ESA
0.65%$100k-6 Month IRA
0.65%$100k-6 Month ESA
0.55%$100k-3 Month IRA
0.55%$100k-3 Month ESA
0.42%$500-3 Year Variable IRA
0.42%$500-3 Year Variable ESA

Navy Federal Credit Union has 229 locations. Click to view all Navy Federal Credit Union locations.