NASA Federal Credit Union is headquartered in Upper Marlboro and is the 3rd largest credit union in the state of Maryland. It is also the 84th largest credit union in the nation. It was established in 1949 and as of December of 2019, it had grown to 324 employees and 181,256 members at 13 locations. NASA Federal Credit Union has an A health rating.
Membership in NASA Federal Credit Union is open to anyone through a complimentary membership to the National Space Society. Membership is also open to employees or retirees of NASA Headquarters or any NASA Center or Facility or NAS, employees or members of NASA Federal Credit Union partner companies or associations.
See current membership details
I recently opened a new account, Share Savings. I was able to complete the process on-line in ~ 4 business days. In my case I had to provide a copy of my driver’s license, a utility bill and a notarized copy of my social security card. They also required a hard credit check via Experian. A $5.00 funding to open the membership was completed in the form of an ACH pull from my local credit union. To establish a POD payee, I completed a PDF fill-in Membership Application which was downloaded from their website. All required documentation was easily submitted using their provided secure portal link in the acceptable file formats, Word, PDF, JPG and TIFF. I believe I can fund the anticipated CD account via an ACH push from my local CU or a pull by NASA FCU.
The entire process was a little more involved than anything I’ve experienced in the past but well worth the effort as they have a well-structured user website, very fast message response system along with attractive CD rates.
I was approved for the 15 mo. CD, yet I suppose I have to call to fund my CD, yet I called 3 times until they closed without an answer. :-(
Update, 6/23/19: The bank is open Saturday so I was able to get a hold of a Rep and was explained how to fund first the Savings account, wire transfer is the best option, and then call to fund CD. You have 10 days to fund CD. For the POD or Beneficiary, you have to download/print the Member Application, fill out, including Beneficiary, and return via email to: [email protected] . I don't think I will fund a CD if the Beneficiary is not established first, so I hope they can process it quickly otherwise I won't take my chances.
Moving to UNFCU after 10 years with NASA. Fees and procedures make this a cold space adventure. We've always had large deposit accounts and still get nickeled and dimed so don't expect dividends to matter. Funding CDs and moving money around is a hassle and requires talking to someone on the phone.
We love what credit unions stand for, but NasaFCU has lost touch with members; heck I feel closer to CapOne. Nothing to be proud of here. Sad, and you know, after 10 years we closed our accounts, no one even asked why?...bye bye, stay away
The process to open an account is ridiculous... after providing all the required data AND copies our drivers licenses and a utility bill, then I need to provide a copy of my social security card, that is just completely unreasonable. With all the identity theft going on, its really obnoxious to expect an applicant to provide that. I was trying to send them money, not request a loan, awful credit union.
|Return on Assets - YTD||1.62%|
|Return on Equity - YTD||15.24%|
|Annual Interest Income||$142.1MM|
|Assets and Liabilities|
|Assets||Q4 2019vs Q4 2018||$3.11B$2.60B|
|Loans||Q4 2019vs Q4 2018||$2.30B$1.94B|
|Deposits||Q4 2019vs Q4 2018||$2.50B$2.17B|
|Equity Capital||Q4 2019vs Q4 2018||$314.7MM$256.0MM|
|Loan Loss Allowance||Q4 2019vs Q4 2018||$25.6MM$26.4MM|
|Unbacked Noncurrent Loans||Q4 2019vs Q4 2018||$19.8MM$20.0MM|
|Real Estate Owned||Q4 2019vs Q4 2018||$0$587.00K|
Rates for NASA Federal Credit Union are currently being reviewed.