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Northrop Grumman Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
2.04%5-year CD60 Month Term CD
2.13%6+ Year CD84 Month Term CD
1.26%2-year CD24 Month Term CD

Overview / Commentary
310-808-4000
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 259th largest credit union in the nation. It was established in 1946 and as of March of 2017, it had grown to 165 employees and 50,921 members at 18 locations. Northrop Grumman Federal Credit Union's CD rates are 23% 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.
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Reviews (2)

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.

The Shadiest Bank Ever

Posted by: Jrs753 | Apr 27, 2017

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

Health Grade Components

Overall
NCUA #24292
Year Chartered1946
Employees165
Primary Regulator
Profit Margin
Return on Assets - YTD0.16%
Return on Equity - YTD1.51%
Annual Interest Income$8.5MM
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$1.10B$1.05B
LoansQ1 2017vs Q1 2016$555.1MM$480.8MM
DepositsQ1 2017vs Q1 2016$978.0MM$920.1MM
Equity CapitalQ1 2017vs Q1 2016$113.9MM$118.3MM
Loan Loss AllowanceQ1 2017vs Q1 2016$3.2MM$2.0MM
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$1.8MM$3.0MM
Real Estate OwnedQ1 2017vs Q1 2016$0$0
Rates
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Northrop Grumman Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$500-Regular Checking

Northrop Grumman Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.28%$40k-84 Month Bonus Term CD
2.19%$40k-60 Month Bonus Term CD
2.13%$2,500-84 Month Term CD
2.04%$2,500-60 Month Term CD
1.80%$40k-48 Month Bonus Term CD
1.65%$2,500-48 Month Term CD
1.64%$40k-36 Month Bonus Term CD
1.50%$40k-30 Month Bonus Term CD
1.49%$2,500-36 Month Term CD
1.41%$40k-24 Month Bonus Term CD
1.35%$2,500-30 Month Term CD
1.26%$2,500-24 Month Term CD
1.11%$40k-12 Month Bonus Term CD
0.95%$2,500-12 Month Term CD
0.75%$40k-6 Month Bonus Term CD
0.65%$2,500-6 Month Term CD

Northrop Grumman Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.28%$40k-7 Year Bonus Term IRA
2.19%$40k-5 Year Bonus Term IRA
2.13%$2k-7 Year Term IRA
2.04%$2k-5 Year Term IRA
1.80%$40k-4 Year Bonus Term IRA
1.65%$2k-4 Year Term IRA
1.64%$40k-3 Year Bonus Term IRA
1.49%$2k-3 Year Term IRA
1.41%$40k-2 Year Bonus Term IRA
1.26%$2k-2 Year Term IRA
1.11%$40k-1 Year Bonus Term IRA
0.95%$2k-1 Year Term IRA
Locations

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