Note, NGFCU typically changes rates on early Tuesday mornings, so these rates should last at least until next week.
The early withdrawal penalty is 182 days of interest on the amount withdrawn for terms over 12 months. CD details are available in the credit union's terms and conditions.
There's an online membership application, but it doesn't allow you to open a CD at the same time as applying for membership. You'll have to join first. I have more details in my old Northrop Grumman FCU CD review.
In addition to employees of Northrop Grumman and other companies, the credit union's field of membership includes members of the Southern California Historical Aircraft Foundation. The credit union allows you to join this foundation concurrently with your membership to the credit union.
The credit union has an online application (for both membership into the aircraft foundation and into the credit union). The link to the online application is at the top left of the home page. I noticed the following in that application:
Members of the Southern California Historical Aircraft Foundation (SCHAF). When you join using this method, you will receive a free one-year membership in SCHAF concurrent with your lifetime Credit Union membership.
Credit Union Branch Locations
Most of Northrop Grumman Federal Credit Union branches are located in the Los Angeles and San Diego metro areas. There are also branches in Florida, Illinois, Louisiana, Maryland and Virginia.
Credit Union Overview
The credit union has an overall health score at DepositAccounts.com of 5 stars (out of 5) with a Texas Ratio of 5.68% (excellent) based on March 2011 data. Please refer to our financial overview of Northrop Grumman FCU for more details. The credit union is federally insured by the NCUA (Charter # 24292).
How These CD Rates Compare
Northrop Grumman FCU 2-year CD rates are inline with the best CD rates. As of 7/12/2011, the best nationally available 2-year CD rate is 1.77% APY at Self-Help Credit Union. For a bank, the best rate is 1.55% APY (for $25K minimum) at MetLife Bank.
Searching for Top CD Rates
To search for nationwide CD rates and CD rates in your state, please refer to the best CD rates section of DepositAccounts.com.