Northrop Grumman Federal Credit Union

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 276th largest credit union in the nation. It was established in 1946 and as of December of 2019, it had grown to 196 employees and 61,880 members at 25 locations. Northrop Grumman Federal Credit Union's money market rates are 36% higher than the national average, and it has 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 (3)

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.

Disappointed with NGFCU

Northrop Grumman Federal Credit Union was nothing like I imagined it to be. I opened a checking and savings account with them over a year ago, and to be honest I don't know why I haven't closed my accounts a long time ago. Navigating their website is not as smooth as it should be, it is very difficult to check my balance of my accounts on their website or even over the phone. Their fees seem to be higher than other credit unions I have looked into, and their customer service is not good. The last time I went to discuss a charge on my account, I was rudely interrupted by another employee running over to gossip to the woman that was helping me. They stood there for a while gossiping and ignoring me for at least 2-3 minutes.

The Shadiest Bank Ever

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Northrop Grumman Federal Credit Union is the worst bank of all time. They have the worst customer service ever. They do not deserve to have the Northrop Grumman name. I made my second to last payment on a loan last month. My receipt shows a balance of $344 and the representative told me congratulations on the remaining amount. Now, I was so excited to go pay my last payment, but they won't release my title until I pay a random $375. This amount has never shown up on any of my bills or receipts. Multiple payoff amounts have been told to us over the phone, but all of the sudden we owe a crazy payment. They are crooks and the reps don't stand by what they say. Run. Run. Run


Health Grade Components

NCUA #24292
Year Chartered1946
Primary Regulator
Profit Margin
Return on Assets - YTD0.38%
Return on Equity - YTD3.53%
Annual Interest Income$44.3MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$1.19B$1.14B
LoansQ4 2019vs Q4 2018$815.7MM$724.5MM
DepositsQ4 2019vs Q4 2018$1.05B$1.01B
Equity CapitalQ4 2019vs Q4 2018$129.2MM$116.6MM
Loan Loss AllowanceQ4 2019vs Q4 2018$4.4MM$4.3MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$1.8MM$2.1MM
Real Estate OwnedQ4 2019vs Q4 2018$0$0
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Always verify rates and promotions with the bank or credit union. We are not Northrop Grumman Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

Northrop Grumman Federal Credit Union Savings Account Rates

0.27%$100-IRA Accumulation
0.27%$100-Regular Savings
0.27%$100-Holiday Club
0.27%$5-Youth Account

Northrop Grumman Federal Credit Union Money Market Rates

0.60%$2.5k-Money Market IRA
0.60%$2.5k-Money Market

Northrop Grumman Federal Credit Union Checking Account Rates

0.10%$500-Regular Checking

Northrop Grumman Federal Credit Union CD Rates

1.62%$40k-84 Month Bonus Term CD
1.52%$40k-60 Month Bonus Term CD
1.47%$40k-48 Month Bonus Term CD
1.47%$2.5k-84 Month Term CD
1.41%$40k-36 Month Bonus Term CD
1.37%$2.5k-60 Month Term CD
1.36%$40k-30 Month Bonus Term CD
1.32%$2.5k-48 Month Term CD
1.31%$40k-24 Month Bonus Term CD
1.26%$2.5k-36 Month Term CD
1.21%$2.5k-30 Month Term CD
1.17%$40k-12 Month Bonus Term CD
1.16%$2.5k-24 Month Term CD
1.02%$2.5k-12 Month Term CD
0.92%$40k-6 Month Bonus Term CD
0.82%$2.5k-6 Month Term CD

Northrop Grumman Federal Credit Union IRA Rates

1.62%$40k-7 Year Bonus Term IRA
1.52%$40k-5 Year Bonus Term IRA
1.47%$40k-4 Year Bonus Term IRA
1.47%$2k-7 Year Term IRA
1.41%$40k-3 Year Bonus Term IRA
1.37%$2k-5 Year Term IRA
1.32%$2k-4 Year Term IRA
1.31%$40k-2 Year Bonus Term IRA
1.26%$2k-3 Year Term IRA
1.17%$40k-1 Year Bonus Term IRA
1.16%$2k-2 Year Term IRA
1.02%$2k-1 Year Term IRA


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