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Northrop Grumman Federal Credit Union

Popular Accounts at this Credit Union

2.01%5-year CD60 Month Term CD
2.09%6+ Year CD84 Month Term CD
1.22%2-year CD24 Month Term CD

Overview / Commentary
879 W 190th St
Gardena, CA 90248-4220

Northrop Grumman Federal Credit Union is headquartered in Gardena and is the 42nd largest credit union in the state of California. It is also the 255th largest credit union in the nation. It was established in 1946 and as of September of 2016, it had grown to 146 employees and 50,135 members at 18 locations. Northrop Grumman Federal Credit Union's CD rates are 19% higher than the national average, and it boasts an A+ health rating.

Field of Membership Restrictions

Membership in Northrop Grumman Federal Credit Union is open to anyone through membership in the Southern California Historical Aircraft Foundation(SCHAF). Membership is also open to employees of Northrop Grumman subsidiaries, except those eligible for membership in another credit union sponsored by Northrop Grumman Corporation by virtue of their employment, and to employees of Metro Los Angeles County.
See current membership details

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Reviews (1)

A Way Around Membership Fee

If you join the Aviation option, it's a minimum of $50 PER YEAR as a contributor.

If you were to put $240K into a 5" year CD with them vs. 2.20% at another CU, your actual difference each year would be $94 after the $50 membership.

If you were to break the CD to go to a better rate down the road, you have to take into account this worthless contribution.

5-3-16 spoke with them today, there is a way around this $50 yearly fee, they will waive it, there's a checkbox on the application. Considering the 6 mo. EWP, this looks like one of the best bets I've seen in awhile.


Health Grade Components

NCUA #24292
Year Chartered1946
Primary Regulator
Profit Margin
Return on Assets - YTD0.28%
Return on Equity - YTD2.45%
Annual Interest Income$23.5MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$1.06B$1.00B
LoansQ3 2016vs Q3 2015$509.0MM$462.2MM
DepositsQ3 2016vs Q3 2015$933.7MM$880.2MM
Equity CapitalQ3 2016vs Q3 2015$121.0MM$112.3MM
Loan Loss AllowanceQ3 2016vs Q3 2015$3.0MM$1.9MM
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$2.1MM$2.9MM
Real Estate OwnedQ3 2016vs Q3 2015$0$0
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Northrop Grumman Federal Credit Union Savings Account Rates

0.25%$100-IRA Accumulation
0.25%--Regular Savings
0.25%$25-Holiday Club
0.25%--Youth Account
0.25%$100-Roth IRA Accumulation
0.25%$100-CESA Accumulation

Northrop Grumman Federal Credit Union Money Market Rates

0.45%$2,500-Money Market IRA
0.45%$2,500-Money Market
0.45%$2,500-Money Market Roth IRA
0.45%$2,500-Money Market CESA

Northrop Grumman Federal Credit Union Checking Account Rates

0.10%$500-Regular Checking

Northrop Grumman Federal Credit Union CD Rates

2.24%$40k-84 Month Bonus Term CD
2.16%$40k-60 Month Bonus Term CD
2.09%$2,500-84 Month Term CD
2.01%$2,500-60 Month Term CD
1.76%$40k-48 Month Bonus Term CD
1.61%$2,500-48 Month Term CD
1.60%$40k-36 Month Bonus Term CD
1.46%$40k-30 Month Bonus Term CD
1.45%$2,500-36 Month Term CD
1.37%$40k-24 Month Bonus Term CD
1.31%$2,500-30 Month Term CD
1.22%$2,500-24 Month Term CD
1.07%$40k-12 Month Bonus Term CD
0.91%$2,500-12 Month Term CD
0.72%$40k-6 Month Bonus Term CD
0.62%$2,500-6 Month Term CD

Northrop Grumman Federal Credit Union IRA Rates

2.24%$40k-7 Year Bonus Term IRA
2.16%$40k-5 Year Bonus Term IRA
2.09%$2k-7 Year Term IRA
2.01%$2k-5 Year Term IRA
1.76%$40k-4 Year Bonus Term IRA
1.61%$2k-4 Year Term IRA
1.60%$40k-3 Year Bonus Term IRA
1.45%$2k-3 Year Term IRA
1.37%$40k-2 Year Bonus Term IRA
1.22%$2k-2 Year Term IRA
1.07%$40k-1 Year Bonus Term IRA
0.91%$2k-1 Year Term IRA

Northrop Grumman Federal Credit Union has 18 locations. Click to view all Northrop Grumman Federal Credit Union locations.