Northwest Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.76% | 2-year CD | 2 Year Share Certificate 1.65% - Synchrony Bank 24 Month CD |
| 2.27% | 5-year CD | 5 Year Share Certificate 2.35% - Synchrony Bank 60 Month CD |
| 1.51% | 1-year CD | 1 Year Share Certificate 1.40% - Synchrony Bank 12 Month CD |
Northwest Federal Credit Union is headquartered in Herndon and is the 4th largest credit union in the state of Virginia. It is also the 57th largest credit union in the nation. It was established in 1947 and as of March of 2017, it had grown to 429 employees and 234,821 members at 8 locations. Northwest Federal Credit Union's money market rates are 93% higher than the national average, and it has an A health rating.
Field of Membership Restrictions
Membership in Northwest Federal Credit Union is open to anyone by joining the Florida Literacy Coalition ($10 membership fee). Membership is also open to employees of the Central Intelligence Agency, the National Reconnaissance Office, office of the Director of National Intelligence, personnel assigned or detailed to the Department of Homeland Security and people retired from these agencies and to employees of member companies and members of partner organizations.
See current membership details
Related Posts
7/5 - NWFCU 30-Month Celebration Special No Longer Listed
6/2 - Northwest FCU Ups Rates On 1- And 2-Year Share Certificates
5/9 - Celebration Certificate Is Still Around - 30 Months - 2.02% APY
4/19 - Celebrate With NorthWest FCU's 30-Month Certificate (2.02% APY)
4/19 - Celebration Certificate - 30 Month - 2.02% APY
6/14 - Northwest FCU Offers Bonus Rate On Share Certificates
6/11 - Northwest FCU - Possible 2.47% 5 Year CD
4/3 - Northwest FCU Introduces Top-Rate 18-month CD - Easy Membership
3/6 - Northwest FCU (Easy Membership) Offers Competitive Rate 12-month CD
3/5 - Northwest Federal CU (1 Yr CD, 1.21%APY)
4/3/13 - Top 2-year CD Rates at Northwest Federal Credit Union - Easy Membership
2/4/13 - $100 Checking Account Bonus at Northwest FCU - Easy Membership
9/19/12 - Credit Unions Offering Virtual Safe Deposit Boxes
7/24/12 - $200 Checking Account Bonus at Northwest FCU - Easy Membership
6/13/12 - Northwest FCU Offering 2-Year CD At 1.51%, Various Other Competitive Terms -- Nationally Available, Easy Membership
4/22/12 - Checking Account Bonus At Northwest FCU - YMMV
3/28/12 - Banks That Give Certainty About CD Early Withdrawals
2/16/12 - Top CD & IRA CD Rates at Northwest Federal Credit Union - Easy Membership
11/1/11 - Checking Account Bonus & Top Features at Northwest FCU in Virginia
5/25/11 - $100 Checking Account Bonus at Northwest Federal Credit Union - Easy Membership
9/6/10 - $110 Checking Account Bonus at Northwest Federal Credit Union in VA - Easy Membership
7/8/10 - What Happened to the Add-On Certificates of Deposit?
4/26/10 - Review and Survey of Flexible CDs
12/20/09 - Competitive 2- and 5-Year CDs at Northwest FCU - Available Nationwide
12/20/09 - Competitive 5-Year CD at Northwest FCU with Useful IRA Feature - Available Nationwide
9/2/09 - Competitive Mid-Term and Long-Term CD Rates at Northwest FCU - Easy Membership
3/9/09 - 3.75% 2-Year Add-On CD at Northwest FCU in Virginia - Easy Membership
3/3/09 - 4.88% 5-Year CD and Other High CD Rates at Northwest FCU in Virginia - Easy Membership
7/1/08 - 5.15% 60-Month / 4.40% 24-Month CD at a Virginia CU (Northwest).
5/3/08 - 5.30% 60-Month / 4.96% 36-Month CD at a Virginia CU (Northwest).
4/29/08 - 4.00% 24-Month CD at a Virginia CU - Plus $100 Checking Bonus (Northwest)
3/22/08 - 4.44% 60-Month / 3.98% 36-Month CD at a Virginia CU (Northwest).
11/15/07 - Update #2 on Northwest FCU and its 6.00% 18-Month CD
11/15/07 - 6.00% 18-Month CD at a Virginia CU (Northwest)
11/15/07 - Update on Northwest FCU and its 6.00% 18-Month CD
Great Credit Union with Great Ammenities!
North West Federal Credit Union is the best banking institution or credit union that I have ever dealt with. They are very knowledgeable about their products and offerings and I always feel welcome when I go. I get the best interest on my student savings account and the best of all is that it compounds daily! At my other bank I do not receive the attention I get like here. One thing I would say for them to do better on is their online customer service. Once I ordered a new card for my checking account and did not receive it for over two months. That is just unacceptable! I really like their checking also because they do not charge me for overdraft fees. Another thing I would like to see is if they had more branches so I would be able to access them more often. Overall, I have been extremely satisfied with their savings and checking accounts that I have open at the credit union, and I plan to do more business with them in the future.
Great CD Rates...But That's Not All
This credit union has outstanding CD rates and great customer service. I have read a lot of the other reviews on here and cannot say that I have had the same experiences they have. The one thing that is not great about this credit union is their technology. The online experience is lacking from the website (newly updated) to the process to open a new account, but the member service from their call center representatives is phenomenal. I even brought my car loan here because of their service and low rates.
Awesome small credit union
I believe that Northwest Federal Credit Union is a great small credit union in Northern Virginia. This credit union has awesome customer service and it continues to be available when I am in need of great customer service. This credit union typically has a great response to all of my needs. This credit union also has low fees however the transfer between a different bank account can take a long time. I've been with Northwest Federal Credit Union for about 5 years now and I have really enjoyed being a member. This credit union gives you a great small town vibe in a big city environment. This bank has really been there for me when I needed them.
Joining this credit union has been the best financial decision I've made in a while.
NO Customer Service At ALL
I've been trying to open a $50,000 cd at this Credit Union. I've so far invested almost 2hrs yesterday. And still it isn't done. I've been on hold trying to contact them for over 1hour so far. I would definitely discourage anyone to do business with them. Customer service is nonexistent . UPDATE: We did finally connect with customer service. Must have been a glitch with there incoming calls. I received an apology which was greatly appreciated. However, your website is just not that user friendly for new accounts. Needs some tweaking for sure.
Data as of Q1 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 5500 |
| Year Chartered | 1947 |
| Employees | 429 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.6% |
| Return on Equity - YTD | 6.19% |
| Annual Interest Income | $27.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $3.22B$3.07B |
| Loans | Q1 2017vs Q1 2016 | $2.24B$1.94B |
| Deposits | Q1 2017vs Q1 2016 | $2.73B$2.53B |
| Equity Capital | Q1 2017vs Q1 2016 | $308.6MM$287.9MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $16.5MM$19.2MM |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $14.4MM$11.0MM |
| Real Estate Owned | Q1 2017vs Q1 2016 | $305.00K$288.00K |
This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.
Northwest FCU Raises Longer-Term Rates
APY for the 3 rate tiers:
3 years 1.71 1.81 1.91
4 years 1.81 1.91 2.01
5 years 2.12 2.22 2.27
NWFCU 30-Month Celebration Special No Longer Listed
Always verify rates and promotions with the bank or credit union. We are not Northwest Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Northwest Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.27%* | - | $1,500 | Youth Club Share Savings | ||
| OTHER TIERS: 0.25% → $1,500+ | |||||
| 0.30% | - | - | Share IRA | ||
| 0.30% | - | - | Share Roth IRA | ||
| 0.30% | - | - | Share Education IRA | ||
| 0.25% | - | - | Share Savings | ||
| 0.25% | - | - | Savings Club | ||
Northwest Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.85%* | $250k* | - | Money Market | ||
| OTHER TIERS: 0.10% → Up to $2,500 | 0.45% → $2,500 - $25k | 0.55% → $25k - $50k | 0.65% → $50k - $100k | 0.75% → $100k - $250k | |||||
Northwest Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.20% | - | - | Elite Checking > $1k Monthly Deposits | |
| 0.10% | - | - | Elite Checking < $1k Monthly Deposits |
Northwest Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.27%* | $250k* | - | 5 Year Share Certificate | ||
| OTHER TIERS: 2.12% → $1k - $100k | 2.22% → $100k - $250k | |||||
| 2.27%* | $250k* | - | Business 5 Year Share Certificate | ||
| OTHER TIERS: 2.12% → $1k - $100k | 2.22% → $100k - $250k | |||||
| 2.01%* | $250k* | - | 4 Year Share Certificate | ||
| OTHER TIERS: 1.81% → $1k - $100k | 1.91% → $100k - $250k | |||||
| 2.01%* | $250k* | - | Business 4 Year Share Certificate | ||
| OTHER TIERS: 1.81% → $1k - $100k | 1.91% → $100k - $250k | |||||
| 1.91%* | $250k* | - | 3 Year Share Certificate | ||
| OTHER TIERS: 1.71% → $1k - $100k | 1.81% → $100k - $250k | |||||
| 1.91%* | $250k* | - | Business 3 Year Share Certificate | ||
| OTHER TIERS: 1.71% → $1k - $100k | 1.81% → $100k - $250k | |||||
| 1.76%* | $250k* | - | 2 Year Share Certificate | ||
| OTHER TIERS: 1.56% → $1k - $100k | 1.66% → $100k - $250k | |||||
| 1.76%* | $250k* | - | Business 2 Year Share Certificate | ||
| OTHER TIERS: 1.56% → $1k - $100k | 1.66% → $100k - $250k | |||||
| 1.51%* | $250k* | - | 1 Year Share Certificate | ||
| OTHER TIERS: 1.31% → $1k - $100k | 1.41% → $100k - $250k | |||||
| 1.51%* | $250k* | - | Business 1 Year Share Certificate | ||
| OTHER TIERS: 1.31% → $1k - $100k | 1.41% → $100k - $250k | |||||
| 1.05%* | $250k* | - | 6 Month Share Certificate | ||
| OTHER TIERS: 0.85% → $1k - $100k | 0.95% → $100k - $250k | |||||
| 1.05%* | $250k* | - | Business 6 Month Share Certificate | ||
| OTHER TIERS: 0.85% → $1k - $100k | 0.95% → $100k - $250k | |||||
| 0.95% | $500 | - | 2 Year Add-On Certificate | ||
| 0.95% | $500 | - | Business 2 Year Add-On Certificate | ||
| 0.70%* | $250k* | - | 3 Month Share Certificate | ||
| OTHER TIERS: 0.50% → $1k - $100k | 0.60% → $100k - $250k | |||||
| 0.70%* | $250k* | - | Business 3 Month Share Certificate | ||
| OTHER TIERS: 0.50% → $1k - $100k | 0.60% → $100k - $250k | |||||
| 0.60% | $500 | - | 1 Year Add-On Certificate | ||
| 0.60% | $500 | - | Business 1 Year Add-On Certificate | ||
| 0.55% | $100 | - | 1 Year Youth Add-On Certificate | ||
Northwest Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.27%* | $250k* | - | 5 Year IRA Certificate | ||
| OTHER TIERS: 2.12% → $1k - $100k | 2.22% → $100k - $250k | |||||
| 2.01%* | $250k* | - | 4 Year IRA Certificate | ||
| OTHER TIERS: 1.81% → $1k - $100k | 1.91% → $100k - $250k | |||||
| 1.91%* | $250k* | - | 3 Year IRA Certificate | ||
| OTHER TIERS: 1.71% → $1k - $100k | 1.81% → $100k - $250k | |||||
| 1.76%* | $250k* | - | 2 Year IRA Certificate | ||
| OTHER TIERS: 1.56% → $1k - $100k | 1.66% → $100k - $250k | |||||
| 1.51%* | $250k* | - | 1 Year IRA Certificate | ||
| OTHER TIERS: 1.31% → $1k - $100k | 1.41% → $100k - $250k | |||||
| 1.05%* | $250k* | - | 6 Month IRA Certificate | ||
| OTHER TIERS: 0.85% → $1k - $100k | 0.95% → $100k - $250k | |||||
| 0.95% | $500 | - | 2 Year Add-On IRA Certificate | ||
| 0.70%* | $250k* | - | 3 Month IRA Certificate | ||
| OTHER TIERS: 0.50% → $1k - $100k | 0.60% → $100k - $250k | |||||
| 0.60% | $500 | - | 1 Year Add-On IRA Certificate | ||
| 0.55% | $100 | - | 1 Year Youth Add-On IRA Certificate | ||
| Northwest Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 9730 Liberia Ave | Manassas, VA 20110 |
| Branch Office | 231 Maple Ave E | Vienna, VA 22180 |
| Branch Office | 200 Spring St | Herndon, VA 20170 |
| Branch Office | 14419 Chantilly Crossing Ln | Chantilly, VA 20151-2116 |
| Branch Office | 525 Trimble Plz SE | Leesburg, VA 20175-5437 |
| Branch Office | 7500 Webb Dr | Gainesville, VA 20155 |
| Branch Office | 2545 Centreville Rd Ste Q18 | Herndon, VA 20171-3158 |
| Corporate Office | 200 Spring St | Herndon, VA 20170 |