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 95th largest credit union in the nation. It was established in 1949 and as of March of 2019, it had grown to 307 employees and 162,853 members at 12 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
The process to become a member and to open an account was long but once open it was easy to fund.
Wired funds posted in less than 24 hours.
2 minute phone call to buy 15 mo. 3.25% CD.
In retrospect, I am happy to jump through a few hoops to insure that my account is secure and that the bank isn't allowing any funny-business.
I feel like I am in good company (naIve as it may sound.) Feeling Happy!
2nd wire transfer posted approximately 3 hours after it was sent.
Went to their website, filled out application. 2 days later received email Status as Approved. Interest compounds monthly.
Had to call to get my Account number and asked it there was a Maximum I could deposit. No can put in as much as I want. Wired in money. My CU has free outdoing wire and NASA doesn't charge to receive wire. 2 hours later in my account. Called and told CSR to open my 15 month CD. All done. No Notary needed. They did have me scan and send in Driver's License and my Trust Certification copy. Easy. A+ CSR very nice.
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.
I think my experience is the same as many others here in that jumping through NASA CU's extreme hoops to open a CD account here just to earn 25 basis points more does not hardly seem worth it. So run don't walk away from this unless you don't mind having to send or upload "notarized" copies of your driver's license, social security card, utility bills, car registrations, etc., even though you have already passed their identity test questions. As far as I am concerned NASA CU can go shove their notary requests . . .
|Return on Assets - YTD||1.49%|
|Return on Equity - YTD||15.02%|
|Annual Interest Income||$35.0MM|
|Assets and Liabilities|
|Assets||Q1 2019vs Q1 2018||$2.76B$2.38B|
|Loans||Q1 2019vs Q1 2018||$1.95B$1.89B|
|Deposits||Q1 2019vs Q1 2018||$2.33B$1.97B|
|Equity Capital||Q1 2019vs Q1 2018||$266.1MM$233.1MM|
|Loan Loss Allowance||Q1 2019vs Q1 2018||$26.4MM$23.5MM|
|Unbacked Noncurrent Loans||Q1 2019vs Q1 2018||$19.7MM$18.0MM|
|Real Estate Owned||Q1 2019vs Q1 2018||$285.00K$317.00K|
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Rates for NASA Federal Credit Union are currently being reviewed.