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Northrop Grumman Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
2.12%5-year CD60 Month Term CD
2.22%6+ Year CD84 Month Term CD
1.41%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 255th largest credit union in the nation. It was established in 1946 and as of June of 2017, it had grown to 165 employees and 51,222 members at 18 locations. Northrop Grumman Federal Credit Union's CD rates are 41% 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

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 - YTD0.06%
Return on Equity - YTD0.6%
Annual Interest Income$17.6MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$1.12B$1.05B
LoansQ2 2017vs Q2 2016$580.8MM$493.1MM
DepositsQ2 2017vs Q2 2016$989.7MM$920.3MM
Equity CapitalQ2 2017vs Q2 2016$115.9MM$120.5MM
Loan Loss AllowanceQ2 2017vs Q2 2016$3.8MM$2.8MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$2.2MM$2.2MM
Real Estate OwnedQ2 2017vs Q2 2016$0$0
Rates
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Northrop Grumman Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.28%$100-IRA Accumulation
0.28%--Regular Savings
0.28%$25-Holiday Club
0.28%--Youth Account
0.28%$100-Roth IRA Accumulation
0.28%$100-CESA Accumulation

Northrop Grumman Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$2,500-Money Market IRA
0.50%$2,500-Money Market
0.50%$2,500-Money Market Roth IRA
0.50%$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
2.38%$40k-84 Month Bonus Term CD
2.27%$40k-60 Month Bonus Term CD
2.22%$2,500-84 Month Term CD
2.12%$2,500-60 Month Term CD
1.97%$40k-48 Month Bonus Term CD
1.81%$2,500-48 Month Term CD
1.81%$40k-36 Month Bonus Term CD
1.67%$40k-30 Month Bonus Term CD
1.66%$2,500-36 Month Term CD
1.56%$40k-24 Month Bonus Term CD
1.52%$2,500-30 Month Term CD
1.41%$2,500-24 Month Term CD
1.27%$40k-12 Month Bonus Term CD
1.12%$2,500-12 Month Term CD
0.90%$40k-6 Month Bonus Term CD
0.80%$2,500-6 Month Term CD

Northrop Grumman Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.38%$40k-7 Year Bonus Term IRA
2.27%$40k-5 Year Bonus Term IRA
2.22%$2k-7 Year Term IRA
2.12%$2k-5 Year Term IRA
1.97%$40k-4 Year Bonus Term IRA
1.81%$2k-4 Year Term IRA
1.81%$40k-3 Year Bonus Term IRA
1.66%$2k-3 Year Term IRA
1.56%$40k-2 Year Bonus Term IRA
1.41%$2k-2 Year Term IRA
1.27%$40k-1 Year Bonus Term IRA
1.12%$2k-1 Year Term IRA
Locations

Availability