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Norfolk Municipal Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.31%5-year CD5 Year CD
0.65%1-year CD1 Year CD
0.10%SavingsShare Accounts

Overview / Commentary
757-822-6166
5957 E Virginia Beach Blvd Ste 14
Norfolk, VA 23502

Norfolk Municipal Federal Credit Union is headquartered in Norfolk and is the 76th largest credit union in the state of Virginia. It is also the 3,073rd largest credit union in the nation. It was established in 1957 and as of March of 2016, it had grown to 10 employees and 2,797 members at 1 location. Norfolk Municipal Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to those who are residents of Norfolk, Virginia or are employees of the city of Norfolk, Norfolk Airport, Norfolk Police or Fire Departments, Norfolk Public Schools or Lake Taylor. (Membership requirements are listed in the credit union's online application).
See current membership details

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Health
B+
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Norfolk Municipal Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #11951
Year Chartered1957
Employees10
Primary Regulator
Profit Margin
Return on Assets - YTD-0.38%
Return on Equity - YTD-3.53%
Annual Interest Income$171.00K
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$27.1MM$26.8MM
LoansQ1 2016vs Q1 2015$8.4MM$7.7MM
DepositsQ1 2016vs Q1 2015$24.1MM$23.7MM
Equity CapitalQ1 2016vs Q1 2015$2.9MM$3.1MM
Loan Loss AllowanceQ1 2016vs Q1 2015$64.00K$71.00K
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$98.00K$0
Real Estate OwnedQ1 2016vs Q1 2015$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Norfolk Municipal Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%--IRA Share Account
0.10%--Share Accounts
0.10%--Christmas Club Account
0.10%--Vacation Club Account
0.10%--Tax Club Account

Norfolk Municipal Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$5k*-Money Market Account
OTHER TIERS: 0.15% $2,500 - $5k

Norfolk Municipal Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$10k*-Premier Checking
OTHER TIERS: 0.05% $500 - $5k | 0.10% $5k - $10k

Norfolk Municipal Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.31%$500-5 Year CD
1.01%$500-3 Year CD
0.65%$500-1 Year CD
0.50%$500-6 Month CD

Norfolk Municipal Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.31%$500-5 Year IRA
1.01%$500-3 Year IRA
0.45%$500-1 Year IRA
Locations


Norfolk Municipal Federal Credit Union Locations
Branch Office5957 E Virginia Beach Blvd Ste 14Norfolk, VA 23502