Featured Savings Rates
Featured Accounts

Chartway Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.36%18-month CD18-23 Month CD
1.36%18-month IRA18-23 Month IRA (Traditional, Roth, CESA)
2.32%5-year CD60-71 Month CD

Overview / Commentary
855-974-5309
5700 Cleveland St
Virginia Beach, VA 23462

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

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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.

Positive with Chartway

My interactions with Chartway Credit Union have been very positive. When my parents relocated, they opened an account at the credit union. They had to have some money wired when they were buying a new house. The manager personally phoned their other bank in another state to make arrangements for the funds transfer and made sure that it was expedited swiftly and smoothly. When I changed phones and had to reload the mobile banking app I emailed them through their site and they immediately sent me an ID to use to log in and validate my phone to connect to my mobile banking. I've been doing direct payroll deposit with them for years, and my direct deposits generally show up in my available balance at least one day prior to the date on the pay stub.

It's A Fine Outstanding Credit Union

Posted by: Aavamphibs | 8 hours ago

Nothing particularly special about this Credit Union I've been a member of Navy Federal longer, (30 years) and use them as a primary banking however, Chartway fills a void in that there are local branches in my area and I've used them for the last 18 years. In comparison to Navy Federal Credit Union Chartway products are just not as good as Navy federal. I'm more biased towards Navy Federal but Chartway does fill a physical brick-and-mortar void that I don't have with Navy Federal here in the Houston area.
Chartway Federal Credit Union has a military banking like feel to it the people I've dealt with in there are fairly competent pretty knowledgeable very helpful and friendly I have really no complaints about customer service in the physical branches here. I understand Chartway opened up from being a military-style credit union out of Norfolk Virginia so in many ways they are similar to Navy Federal but they just don't tally up to Navy Federal in terms of size, membership and assets. Also Chartway Federal Credit Union has had some dealings with charging hidden fees that Navy Federal does not do such as having a certain amount in your checking account or ATM withdrawals or just other fees that Navy Federal doesn't charge. Also to join their checking account you have to pay $15 whereas Navy Federal was only $5 so you have to keep Chartway honest at times. When it comes to home mortgages Navy Federal is hard to beat they have no PMI mortgage insurance loans, military Choice loans, VA loans, first time buyers, conventional loans many more options just far superior than that of Chartway. I've never used Chartway for loans I've always used Navy Federal for loans. I have also noticed that Chartway does not have as many as Co-op ATMs as out of Navy Federal though adequate enough. But Ican go to CVS and use Navy Federal machines in the Houston area where as Chartway relies more on using other credit unions or their branches I do have a checking and savings account with Chartway that I intend to keep and used for other purposes but my direct deposits, car loans and everything else my primary is Navy Federal. I have to respect Chartway in the fact that they have expanded to other states from Norfolk Virginia military roots in that they expanded into other fields of membership such as Airline employees, vicinity employees, kind of easier to join them. So I respect Chartway in that they have been survivors in a world where other huge credit unions like Navy Federal that is dominating in terms of size and membership, assets. Overall Chartway is a fine outstanding credit union, has gotten better, in the local Houston area. Much better than using banks.

Experience with Chartway Federal Credit Union

Several years ago, I used to bank with Chartway Federal Credit Union. Since I've switched banks, I've noticed that there isn't much difference between this bank and the commercial bank I'm with now. The fees were reasonable, as along as you didn't overdraft, I suppose. Every time, I would overdraft my checking account, there was a $30.00 fee. I remember one of the few times I did. I bought a $1.00 soda, which eventually cost me an extra 50.00. That's right. I overdraft by a dollar, and the bank charged me an overdraft fee of $30.00. As I stated, the fees are reasonable, if you watch your checking or savings account closely. Another ridiculous fee I remember was regarding debit transactions. For some reason, this bank charged $0.75 each time you completed a debit transaction. I didn't understand that. The commercial bank I'm with now doesn't do that nonsense. There is one relatively positive side with Chartway though. There wasn't a minimum balance fee, though. You could have $1.00 in there for a month, and there was no low balance fee. I liked that. The commercial Bank I'm with now charges a minimum balance fee, or low balance fee. Despite that, my experience with the commercial Bank is much better than with Chartway. ATMS are much easier to find with the commerical bank than Chartway. Just my 2 cents.

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Health
B+

Health Grade Components

Overall
NCUA #13242
Year Chartered1959
Employees430
Primary Regulator
Profit Margin
Return on Assets - YTD0.32%
Return on Equity - YTD3.83%
Annual Interest Income$35.1MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$2.17B$2.14B
LoansQ2 2017vs Q2 2016$1.68B$1.68B
DepositsQ2 2017vs Q2 2016$1.96B$1.94B
Equity CapitalQ2 2017vs Q2 2016$182.5MM$173.8MM
Loan Loss AllowanceQ2 2017vs Q2 2016$17.6MM$17.1MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$13.3MM$14.0MM
Real Estate OwnedQ2 2017vs Q2 2016$476.00K$407.00K
Rates
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* 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

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$50k*-Money Market
OTHER TIERS: 0.15% $2,500 - $5k | 0.20% $5k - $25k | 0.30% $25k - $50k

Chartway Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$100k*-LifePlus Checking
OTHER TIERS: 0.10% $1,500 - $10k | 0.15% $10k - $50k | 0.20% $50k - $100k

Chartway Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.32%*$25k*-60-71 Month CD
OTHER TIERS: 1.81% $500 - $10k | 1.96% $10k - $25k
1.81%*$25k*-48-59 Month CD
OTHER TIERS: 1.56% $500 - $10k | 1.71% $10k - $25k
1.81%$100$50060-71 Month Youth CD
1.66%*$25k*-36-47 Month CD
OTHER TIERS: 1.41% $500 - $10k | 1.56% $10k - $25k
1.61%*$25k*-24-35 Month CD
OTHER TIERS: 1.31% $500 - $10k | 1.46% $10k - $25k
1.56%$100$50048-59 Month Youth CD
1.41%$100$50036-47 Month Youth CD
1.36%*$25k*-18-23 Month CD
OTHER TIERS: 1.15% $500 - $10k | 1.31% $10k - $25k
1.31%$100$50024-35 Month Youth CD
1.26%*$25k*-12-17 Month CD
OTHER TIERS: 1.00% $500 - $10k | 1.15% $10k - $25k
1.15%$100$50018-23 Month Youth CD
1.00%$100$50012-17 Month Youth CD
0.70%*$10k*$25k6-11 Month CD
OTHER TIERS: 0.55% $500 - $10k
0.55%$100$5006-11 Month Youth CD
0.45%*$50k*-12 Month No Penalty CD
OTHER TIERS: 0.35% $500 - $10k | 0.40% $10k - $50k
0.30%$100$50012 Month No Penalty Youth CD

Chartway Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.32%*$25k*-60-71 Month IRA
OTHER TIERS: 1.81% $500 - $10k | 1.96% $10k - $25k
1.81%*$25k*-48-59 Month IRA
OTHER TIERS: 1.56% $500 - $10k | 1.71% $10k - $25k
1.66%*$25k*-36-47 Month IRA
OTHER TIERS: 1.41% $500 - $10k | 1.56% $10k - $25k
1.61%*$25k*-24-35 Month IRA
OTHER TIERS: 1.31% $500 - $10k | 1.46% $10k - $25k
1.36%*$25k*-18-23 Month IRA
OTHER TIERS: 1.15% $500 - $10k | 1.31% $10k - $25k
1.26%*$25k*-12-17 Month IRA
OTHER TIERS: 1.00% $500 - $10k | 1.15% $10k - $25k
0.70%*$10k*$25k6-11 Month IRA
OTHER TIERS: 0.55% $500 - $10k
Locations

Availability