Featured Savings Rates
Featured Accounts

Norfolk Municipal Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.44%5-year CD60 Month CD
0.90%1-year CD12 Month CD
0.30%SavingsShare Savings

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 75th largest credit union in the state of Virginia. It is also the 3,092nd largest credit union in the nation. It was established in 1957 and as of March of 2018, it had grown to 7 employees and 2,674 members at 1 location. Norfolk Municipal Federal Credit Union's money market rates are 36% higher than the national average, and it 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
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, and a negative return on assets.

Health Grade Components

Overall
NCUA #11951
Year Chartered1957
Employees7
Primary Regulator
Profit Margin
Return on Assets - YTD-4.25%
Return on Equity - YTD-45.64%
Annual Interest Income$174.00K
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$26.2MM$25.9MM
LoansQ1 2018vs Q1 2017$8.4MM$8.8MM
DepositsQ1 2018vs Q1 2017$23.6MM$23.2MM
Equity CapitalQ1 2018vs Q1 2017$2.4MM$2.6MM
Loan Loss AllowanceQ1 2018vs Q1 2017$158.00K$172.00K
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$44.00K$4.00K
Real Estate OwnedQ1 2018vs Q1 2017$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
0.66%*$100k*-IRA Shares
OTHER TIERS: 0.28% $100 - $5k | 0.39% $5k - $20k | 0.50% $20k - $100k
0.60%*$6k*-Christmas Club
OTHER TIERS: 0.25% $100 - $4k | 0.38% $4k - $6k
0.60%*$6k*-Vacation Club
OTHER TIERS: 0.25% $100 - $4k | 0.38% $4k - $6k
0.60%*$100k*-Youth Savings (looney Tunes)
OTHER TIERS: 0.25% $100 - $5k | 0.35% $5k - $20k | 0.45% $20k - $100k
0.30%*$10k*-Share Savings
OTHER TIERS: 0.25% $500 - $10k

Norfolk Municipal Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*$100k*-Money Market Account
OTHER TIERS: 0.25% $100 - $5k | 0.35% $5k - $20k | 0.45% $20k - $100k

Norfolk Municipal Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.44%*$100k*-60 Month CD
OTHER TIERS: 1.30% $1k - $5k | 1.35% $5k - $25k | 1.40% $25k - $100k
1.26%*$100k*-48 Month CD
OTHER TIERS: 1.11% $1k - $5k | 1.16% $5k - $25k | 1.21% $25k - $100k
1.10%*$100k*-36 Month CD
OTHER TIERS: 0.94% $1k - $5k | 0.99% $5k - $25k | 1.05% $25k - $100k
1.01%*$100k*-24 Month CD
OTHER TIERS: 0.85% $1k - $5k | 0.90% $5k - $25k | 0.95% $25k - $100k
0.94%*$100k*-18 Month CD
OTHER TIERS: 0.80% $1k - $5k | 0.85% $5k - $25k | 0.89% $25k - $100k
0.90%*$100k*-12 Month CD
OTHER TIERS: 0.75% $1k - $5k | 0.80% $5k - $25k | 0.85% $25k - $100k
0.65%*$100k*-6 Month CD
OTHER TIERS: 0.50% $1k - $5k | 0.55% $5k - $25k | 0.60% $25k - $100k

Norfolk Municipal Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.44%*$100k*-60 Month IRA
OTHER TIERS: 1.30% $1k - $5k | 1.35% $5k - $25k | 1.40% $25k - $100k
1.26%*$100k*-48 Month IRA
OTHER TIERS: 1.11% $1k - $5k | 1.16% $5k - $25k | 1.21% $25k - $100k
1.10%*$100k*-36 Month IRA
OTHER TIERS: 0.94% $1k - $5k | 0.99% $5k - $25k | 1.05% $25k - $100k
1.01%*$100k*-24 Month IRA
OTHER TIERS: 0.85% $1k - $5k | 0.90% $5k - $25k | 0.95% $25k - $100k
0.94%*$100k*-18 Month IRA
OTHER TIERS: 0.80% $1k - $5k | 0.85% $5k - $25k | 0.89% $25k - $100k
0.90%*$100k*-12 Month IRA
OTHER TIERS: 0.75% $1k - $5k | 0.80% $5k - $25k | 0.85% $25k - $100k
Locations


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

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