Northwest Federal Credit Union

Overview / Commentary
200 Spring St
Herndon, VA 20170

Northwest Federal Credit Union is headquartered in Herndon and is the 5th largest credit union in the state of Virginia. It is also the 94th largest credit union in the nation. It was established in 1947 and as of September of 2022, it had grown to 586 employees and 274,025 members at 11 locations. Northwest Federal Credit Union's CD rates are 3X the national average, and it has a B+ 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 - Month Certificate - 4% - 1/9/2023

Available for Personal, Business and IRA's

4% APY 9 Month Certificate - 12/27/2022

Rate offered to personal and business members

27 Month CD @ 3.62% At NWFCU - 10/4/2022

Not a fantastic deal considering what else is out there, but just in case anyone is interested, NWFCU has a 27-month CD "special" for 3.62%, $1k min.

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10/10/20 - They Have Delivered On The Recent Checking Promotion
7/9/20 - $300 Free Checking Bonus, Plus 1.31% On A 14-Month Certificate
11/6/19 - Checking Account With Direct Deposit, $300 Bonus
8/28/19 - Harvest CD - 17 Months @ 2.2%
5/11/19 - Rockville In-Branch Only: 3.15% APY 14 Mo
4/26/19 - New Variable-Rate 3-Year CD, Starting At 3.25%
11/20/18 - Northwest FCU: 15-Month CD, 2.85% APY
10/22/18 - Upto $300 For New Checking Accounts
10/6/18 - NWFCU 7Mo. Heritage Club Members Get 1/4% More
9/28/18 - NWFCU CD Rate Matching :(
9/25/18 - 2.50% 7 Months
9/12/18 - Northwest Federal Credit Union
6/11/18 - Northwest FCU 5-Yr. Appreciation CD Special Seems To Have Ended
5/21/18 - NFCU Offering To Convert 3 Yr Add-On To Current 5 Yr Promo CD
4/20/18 - Northwest FCU Adds 5-Year Appreciation CD
4/20/18 - Northwest FCU Offering Up To 3.45% APY On 5-Year CD
4/20/18 - Northwest FCU: 5-Yr. CD, Up To 3.41% APY
4/6/18 - Northwest FCU Adds Kasasa Cash and Kasasa Saver
4/5/18 - 2% Kasasa Cash Checking At NWFCU (Upto $15K)
3/6/18 - (See Note) NWFCU Leaving Shared Branch Network
7/26/17 - Northwest FCU Raises Longer-Term Rates
7/5/17 - NWFCU 30-Month Celebration Special No Longer Listed
6/2/17 - Northwest FCU Ups Rates On 1- And 2-Year Share Certificates
5/9/17 - Celebration Certificate Is Still Around - 30 Months - 2.02% APY
4/19/17 - Celebrate With NorthWest FCU's 30-Month Certificate
4/19/17 - Celebration Certificate - 30 Month - 2.02% APY
12/28/16 - Northwest FCU's 1-Year CD Has Potential 0.25% Rate Bump
6/14/16 - Northwest FCU Offers Bonus Rate On Share Certificates
6/11/16 - Northwest FCU - Possible 2.47% 5 Year CD
10/1/15 - Northwest FCU Has Limited Time, Top Rate 3-Year Add-On CD
4/3/15 - Northwest FCU Introduces Top-Rate 18-month CD - Easy Membership
3/6/15 - Northwest FCU (Easy Membership) Offers Competitive Rate 12-month CD
3/5/15 - Northwest Federal CU (1 Yr CD, 1.21%APY)
7/10/14 - Northwest Federal CU amends Online Banking and BP agreement effective 6/19/14
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
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
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

Best Credit Union Ever !!

Posted by: |

They called me many times to make sure I was HAPPY after I opened my account. !! Yes It's True !!


I have very good experience with NWFCU add-on CD. whenever you have some extra money, you can deposit it into the CD. I use internet online banking. However, they have partners in my area where I can do deposits, such as checks or cash. You can transfer or deposit money in your savings account, and transfer them to your add-on CD. Even though there normally is a hold on your check, the representative can waive it since the money stays in the Credit Union. I am very happy with their customer service too, very nice and helpful. Unfortunately their add-on CD promotion CD rate has gone. However, they still  have 2-year add-on CD with 1.51% APY.

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.

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.



Health Grade Components

NCUA #5500
Year Chartered1947
Primary Regulator
Profit Margin
Return on Assets - YTD0.73%
Return on Equity - YTD8.99%
Annual Interest Income$83.0MM
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$4.18B$4.32B
LoansQ3 2022vs Q3 2021$2.82B$2.23B
DepositsQ3 2022vs Q3 2021$3.60B$3.55B
Equity CapitalQ3 2022vs Q3 2021$340.9MM$443.7MM
Loan Loss AllowanceQ3 2022vs Q3 2021$8.4MM$13.8MM
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$7.4MM$11.4MM
Real Estate OwnedQ3 2022vs Q3 2021$0$0
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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

2.27%*$1$1.5kYouth Club Share Savings
OTHER TIERS: 0.25% $1.5k+
0.50%*-$25kKasasa Saver
OTHER TIERS: 0.25% $25k+
0.46%*$5m*-Premium Business Saver Account
OTHER TIERS: 0.13% $1 - $100k | 0.35% $100k - $5m
0.20%--Savings IRA
0.05%$1-Share Savings
0.05%$1-Savings Club

Northwest Federal Credit Union Money Market Rates

1.30%*$1m*-Money Market
OTHER TIERS: 0.56% Up to $25k | 0.64% $25k - $50k | 0.66% $50k - $100k | 0.85% $100k - $250k | 1.25% $250k - $1m

Northwest Federal Credit Union Checking Account Rates

1.00%*-$50kKasasa Cash
OTHER TIERS: 0.25% $50k+
0.07%--Elite Checking > $1k Monthly Deposits
0.02%--Elite Checking < $1k Monthly Deposits

Northwest Federal Credit Union CD Rates

4.00%$1k-7 Month Prosper CD Special
4.00%$1k-Business 7 Month Prosper CD Special
4.00%$1k-14 Month Sweetheart Share Certificate
4.00%$1k-Business 14 Month Sweetheart Share Certificate
3.62%$1k-27 Month Anniversary Certificate Special
3.62%$1k-Business 27 Month Anniversary Certificate Special
3.50%$1k-3 Year Share Certificate
3.25%$1k-2 Year Share Certificate
3.00%$1k-1 Year Share Certificate
0.49%*$250k*-5 Year Share Certificate
OTHER TIERS: 0.39% $1k - $100k | 0.44% $100k - $250k
0.44%*$250k*-4 Year Share Certificate
OTHER TIERS: 0.35% $1k - $100k | 0.39% $100k - $250k
0.16%*$100k*-6 Month Share Certificate
OTHER TIERS: 0.11% $1k - $100k
0.15%$500-2 Year Add-On Certificate
0.12%$500-1 Year Add-On Certificate
0.10%$100-1 Year Youth Add-On Certificate
0.10%*$100k*-3 Month Share Certificate
OTHER TIERS: 0.05% $1k - $100k

Northwest Federal Credit Union IRA Rates

4.00%$1k-7 Month Prosper IRA Special
4.00%$1k-14 Month Sweetheart IRA Certificate
3.62%$1k-27 Month Anniversary IRA Special
3.50%$1k-3 Year IRA Certificate
3.25%$1k-2 Year IRA Certificate
3.00%$1k-1 Year IRA Certificate
0.49%*$250k*-5 Year IRA Certificate
OTHER TIERS: 0.39% $1k - $100k | 0.44% $100k - $250k
0.44%*$250k*-4 Year IRA Certificate
OTHER TIERS: 0.35% $1k - $100k | 0.39% $100k - $250k
0.16%*$100k*-6 Month IRA Certificate
OTHER TIERS: 0.11% $1k - $100k
0.15%$500-2 Year Add-On IRA Certificate
0.12%$500-1 Year Add-On IRA Certificate
0.10%*$100k*-3 Month IRA Certificate
OTHER TIERS: 0.05% $1k - $100k
0.10%$100-1 Year Youth Add-On IRA Certificate


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