Chartway Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 2.00% | 1-year CD | 2.50% - Synchrony Bank 12 Month CD |
| 1.80% | 18-month CD | 2.75% - Synchrony Bank 18 Month CD |
| 1.80% | 18-month IRA | 1.34% - National Average |
Chartway Federal Credit Union is a full service credit union that offers a range of personal and business banking options to its members. Since its inception it has broadened its field of membership significantly and is now one of the largest credit unions in the country.
All of Chartway’s checking accounts come with a Visa Debit Card, access to the Co-Op ATM network, online banking, and an account protection program. Its saving and money market accounts offer quarterly dividend payments on interest and have minimum balance requirements.
Chartway Federal Credit Union online banking offers members the ability to perform account management tasks like fund transfers, Bill Pay, and check copy viewing. It also features a mobile app that enables remote check deposit as well as the other online banking functions.
Chartway FCU was founded in 1959 as NorVA N.A.S. Federal Credit Union before changing to its current name in 1996. It is headquartered in Virginia Beach, Virginia, and operates through multiple branch locations across several states.
Field of Membership Restrictions
Membership in Chartway Federal Credit Union is open to those who make a $10 donation to the We Promise Foundation or live, work, worship or attend school in an area served by one of the credit union's branches.
See current membership details
Related Posts
11/20 - Chartway FCU Ups Rate On 18-23 Month CD
7/20 - Chartway FCU Raises Rate on 60-71 Month Web-Only CD
2/26 - Chartway FCU's 1.31% APY CD Tops 12 Month List.
11/19 - Chartway FCU's 18-23 Month Web-Only CD Tops The Best Rate List
11/18 - Chartway 18 Month CD Rate Hike.
10/7 - Top Certificate Rates at Chartway Federal Credit Union
9/23 - 2.52% APY 5 Year CD, Chartway FCU. Quick Look.
12/6/12 - Higher Special CD Rates at Chartway Federal Credit Union - Easy Membership
11/15/12 - Special 1-Year CD Rate at Chartway Federal Credit Union - Easy Membership
12/13/11 - Special 7-Month CD Rate at Chartway Federal Credit Union - Limited Membership
11/8/11 - Chartway Federal Credit Union 3.84% $5K $20K $384 Echecking - Qualifying
4/5/11 - E-Checking Rewards Accounts - Sold Out
2/14/11 - No Longer Offered - Competitive Savings Account at Chartway Federal Credit Union - Limited Membership
11/5/10 - Top 5-Year CD & IRA CD Rate Continues at HeritageWest Credit Union in Utah - Local Only
9/3/10 - Competitive CD Rates at Chartway FCU in Several States - Local Only - Update
8/24/10 - Competitive 5-Year CD & IRA CD Rate at HeritageWest Credit Union in Utah - Local Only
2/5/10 - Competitive CD Rates at Chartway FCU in Several States - Local Only
11/9/09 - No Longer Offered - Reward Checking Account at Chartway Federal Credit Union
10/11/09 - 2.00% 5-Month CD at Chartway FCU in Several States
4/27/09 - 3.03% 8-Month CD at Southwest Community FCU in UT, NV & AZ
12/17/08 - Update on Chartway FCU's 5.00% 7-Month CD ($25K Max)
12/17/08 - 5.00% 7-Month CD ($25K Max) at Chartway FCU in Rhode Island
7/2/07 - 5.75% 13-Month CD at a Multi-State CU (Chartway) - up to 6.51% possible.
7/2/07 - 7.00% 7-Month CD at Chartway FCU - $7K Max
5/13/07 - 5.75% 13-Month CD at Chartway FCU (up to 6.51% possible)
4/12/07 - 5.65% 17-Month CD at Chartway FCU
12/30/06 - 7.00% 7-Month / 5.88% 18-Month CD at a Multi-State CU (Chartway FCU).
8/21/06 - 6.25% 18-Month / 6.00% 15-Month CD at a Multi-State CU (Chartway)
8/9/06 - 6.25% 13-Month / 6.00% 10-Month CD at a Multi-State CU (Chartway FCU).
8/3/06 - Chartway's 8% CDs are Over, But 6.25% 13-mo CDs are Still Available
7/26/06 - Chartway's 8% 8-Month CD Promotion Ends Friday
6/9/06 - Need Referrals for Chartway's 8% 8-Month Certificate?
6/3/06 - 8% 8-Month CD at a Multi-State CU ($8K Max)
My Experience with Chartway Federal Credit Union
My husband is active duty Navy, so we lived in Virginia Beach, VA for a little over two years. While living there, we wanted to get an account with a local bank or credit union. After doing some research, we decided to visit Chartway Federal Credit Union by the Lynnhaven Mall. Upon arriving, the customer service representatives greeted us and asked how they could help us. We told them that we wanted some information on their banking services, but that we would not be joining their credit union until we had a chance to compare to a few other places in person. They were still very helpful and friendly, and never tried to rush us even though they knew we would not be signing anything that day. After comparing them to a few other places, we both decided that Chartway Federal Credit Union was the best place for us. The customer service representative remembered us by name and greeted us as soon as we entered. We were able to sign up that day for a checking account, savings account, and we were given information for various lending services in case we would ever need one. We never had any issues with bogus charges or fees. Interest rates were always very competitive. We visited multiple branches while living in the area, and never had a bad experience. All of their employees are always knowledgeable, friendly, and helpful. The lines always move in a timely manner, even on popular paydays like the 1st, 15th, and Fridays. I love how professional this credit union is and was very upset when we moved to a new state that did not have Chartway Federal Credit Union branches. The fees are minimal compared to most other places so it is always disappointing when I see charges with our new credit union that I know that Chartway Federal Credit Union would not have charged me.
Great Banking Option, Low Fees, Good Customer Service
We have had a checking and savings account at Chartway Credit Union for a number of years and would definitely recommend it for its low fees, great customer service, and convenient locations! While this credit union does not offer the most competitive rates on CDs, etc., the Lifeplus Checking account has no fees as long as you keep a minimum average balance of $500/month in your account. I do business at one of the branches in Norfolk on a regular basis and the customer service is always good. I find the employees to be incredibly helpful and accommodating. It is easy to set up a direct deposit, which is same day, and the Lifeplus Checking Account comes with overdraft protection. In all of the time that I have banked at Chartway, I have never experienced any major problems. Chartway is a solid banking option for someone who is looking for a low cost, no-frills approach to managing your money via a checking and/or savings account.
Chartway Will Steal Your Money
Did you know that if someone hacks your account and withdrawals hundreds of dollars from your checking account that the people of Chartway will not refund you all of your money? Instead they will tell you that you are now a liability to them and they will charge you a liability fee. When you ask to speak to a manager they will put you on hold for 35 minutes and then direct you to a voicemail and you will leave a message and no one will call you back. They do not care about their customers. They do not care about protecting their customers money and they do not care about making sure that their customers feel taken care of.
I would recommend for your financial safety that you steer clear of this credit union.
Hands Down, The Absolute Worst!
If I could leave a negative 5 star review, I would lower the score to that.
Some months back I had a recurring payment that I had to keep deleting because no matter how many times I manually deleted it, it just kept happening. Finally, I talked to a specialist (which in and of itself is no easy task because their automated system is HANDS DOWN the most ridiculously terrible system I have ever encountered, but more on that in a moment). So after they deleted it on their end, the recurring payment seemed to be gone, finally.
Months pass by and what do I see the other day but a random ACH payment that I did not set up and did not authorize. This time I was determined to get it resolved quickly so I logged in only to find no recurring payments were set up. I had already paid earlier this month and am ahead of my payments so needed answers because this unauthorized payment happened a day before my bank statement hit, giving me overdraft fees.
Back to the automated phone system... If you enjoy giving a 16 digit card number, multiple, multiple times then this is the system for you. First you give it to the automated voice, which interrupts constantly saying "Sorry, I didn't understand that". After you make it past this system you get to the actual routing options, which rarely list out the options you need. The first two times I had to call and call back again because the system routed me to the WRONG DEPARTMENT. I kid you not. The third and fourth times I finally reached "agents" whom, after asking me for my 16 digit number AGAIN (after you have already entered it to have the call transferred), then multiple security questions, BOTH transferred me BACK to the automated system to start this Twilight Zone-esque nightmare over again.
When all was said and done I was told that it's being requested that the accidental payment, which their system caused, would be refunded in 3 to 4 WEEKS. So they can take it out in one day, but it takes a month to reverse THEIR mistake.
When I asked about any overdraft charges this may cause I was told to take it up with my bank.
LOL, this is the most absurdly terrible service I have ever experienced. I can't wait to close this account and never look back.
Data as of Q2 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 13242 |
| Year Chartered | 1959 |
| Employees | 404 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.54% |
| Return on Equity - YTD | 5.96% |
| Annual Interest Income | $36.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2018vs Q2 2017 | $2.16B$2.17B |
| Loans | Q2 2018vs Q2 2017 | $1.68B$1.68B |
| Deposits | Q2 2018vs Q2 2017 | $1.86B$1.96B |
| Equity Capital | Q2 2018vs Q2 2017 | $192.2MM$182.5MM |
| Loan Loss Allowance | Q2 2018vs Q2 2017 | $18.8MM$17.6MM |
| Unbacked Noncurrent Loans | Q2 2018vs Q2 2017 | $18.5MM$13.3MM |
| Real Estate Owned | Q2 2018vs Q2 2017 | $0$476.00K |
This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.
12 Month No Penalty CD 2% APY
Rate info:
https://www.chartway.com/save-and-plan/share-certificates.html
Truth in Savings:
https://www.chartway.com/content/docs/Truth_in_Savings_Disclosure_DVANU6_cuf5.pdf
Note that Chartway has a Single Account Fee, so if you close the CD and only have the Prime Share Account, you could be hit with a fee. You can avoid the fee by having a second custom share account (even with just a token amount in it).
Always verify rates and promotions with the bank or credit union. We are not Chartway Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.
Chartway Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.40%† | $100 | - | IRA Share | |
| 0.15%† | $100 | - | Prime Share | |
| 0.05%† | $100 | - | Custom Share | |
| 0.05%† | $100 | - | Business Prime Share |
Chartway Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.40%*† | $50k* | - | Money Market | ||
| OTHER TIERS: 0.15% → $2.5k - $5k | 0.20% → $5k - $25k | 0.30% → $25k - $50k | |||||
Chartway Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.30%*† | $100k* | - | LifePlus Checking | ||
| OTHER TIERS: 0.10% → $1.5k - $10k | 0.15% → $10k - $50k | 0.20% → $50k - $100k | |||||
Chartway Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 3.00%† | $100 | - | 60-71 Month CD | ||
| 3.00%† | $100 | $500 | 60-71 Month Youth CD | ||
| 2.50%† | $100 | - | 24-35 Month CD | ||
| 2.50%† | $100 | $500 | 24-35 Month Youth CD | ||
| 2.31%*† | $10k* | - | 48-59 Month CD | ||
| OTHER TIERS: 1.95% → $100 - $500 | 2.06% → $500 - $10k | |||||
| 2.25%† | $100 | - | 12-17 Month CD | ||
| 2.25%† | $100 | $500 | 12-17 Month Youth CD | ||
| 2.16%*† | $10k* | - | 36-47 Month CD | ||
| OTHER TIERS: 1.75% → $100 - $500 | 1.85% → $500 - $10k | |||||
| 2.00%† | $100 | - | 12 Month No Penalty CD | ||
| 2.00%† | $100 | $500 | 12 Month No Penalty Youth CD | ||
| 1.95%† | $100 | $500 | 48-59 Month Youth CD | ||
| 1.80%*† | $10k* | - | 18-23 Month CD | ||
| OTHER TIERS: 1.55% → $100 - $500 | 1.70% → $500 - $10k | |||||
| 1.75%† | $100 | $500 | 36-47 Month Youth CD | ||
| 1.55%† | $100 | $500 | 18-23 Month Youth CD | ||
| 0.90%*† | $10k* | - | 6-11 Month CD | ||
| OTHER TIERS: 0.70% → $100 - $500 | 0.80% → $500 - $10k | |||||
| 0.70%† | $100 | $500 | 6-11 Month Youth CD | ||
Chartway Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 3.00%† | $500 | - | 60-71 Month IRA | ||
| 2.50%† | $500 | - | 24-35 Month IRA | ||
| 2.31%*† | $10k* | - | 48-59 Month IRA | ||
| OTHER TIERS: 2.06% → $500 - $10k | |||||
| 2.25%† | $500 | - | 12-17 Month IRA | ||
| 2.16%*† | $10k* | - | 36-47 Month IRA | ||
| OTHER TIERS: 1.85% → $500 - $10k | |||||
| 1.80%*† | $10k* | - | 18-23 Month IRA | ||
| OTHER TIERS: 1.70% → $500 - $10k | |||||
| 0.90%*† | $10k* | - | 6-11 Month IRA | ||
| OTHER TIERS: 0.80% → $500 - $10k | |||||
