Northwest Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 2.89% | 5-year CD | |
| 1.92% | 2-year CD | 2.80% - Capital One 24 Month 360 CD |
| 1.92% | 1-year CD | 2.65% - Barclays 12 Month Online 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 59th largest credit union in the nation. It was established in 1947 and as of September of 2018, it had grown to 515 employees and 265,899 members at 8 locations. Northwest Federal Credit Union's money market rates are 3X 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
10/22 - Upto $300 For New Checking Accounts
10/6 - NWFCU 7Mo. Heritage Club Members Get 1/4% More
9/28 - NWFCU CD Rate Matching :(
9/25 - 2.50% 7 Months
9/12 - Northwest Federal Credit Union
6/11 - Northwest FCU 5-Yr. Appreciation CD Special Seems To Have Ended
5/21 - NFCU Offering To Convert 3 Yr Add-On To Current 5 Yr Promo CD
4/20 - Northwest FCU Adds 5-Year Appreciation CD
4/20 - Northwest FCU Offering Up To 3.45% APY On 5-Year CD
4/20 - Northwest FCU: 5-Yr. CD, Up To 3.41% APY
4/6 - Northwest FCU Adds Kasasa Cash and Kasasa Saver
4/5 - 2% Kasasa Cash Checking At NWFCU (Upto $15K)
3/6 - (See Note) NWFCU Leaving Shared Branch Network
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
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
4/3/15 - 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
| Featured Account Options | SPONSORED LISTINGS | ||||
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Best Credit Union Ever !!
They called me many times to make sure I was HAPPY after I opened my account. !! Yes It's True !!
One Despositaccounts.Com Experience
Completed application 10/3. Heard nothing. Called them, transferred to phone mail, mailbox full. Told by others on this web site to upload drivers license and did that. Emailed them, no response. Found out their email works when I received an email from them today that my application was cancelled. No reason why. Just told to call 703-709-8900 option 5. Called them, transferred to phone mail, mailbox full. This is well after their promotion ended. UPDATE: They responded to my email and agreed it should have been opened and they opened it. Ultimately a good result but an awkward way to get there.
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.
Horrible Service
I am attempting to open an account with this bank to take advantage of the current promotional rate CD.
I was initially impressed that their online application walked your through the membership criteria of joining their Financial Awareness Network ($10 membership fee). But so far the application process has been needlessly complicated.
If you don't qualify for membership by other ways, you can join the Financial Awareness Network for $10. Then when you select your product (CD in my case), the online system tells you you also are required to fund a primary savings account. This is pretty standard for credit unions. But two issues. You already had to pay $10 for FAN membership. Now they have also locked up another $1 for the primary savings. More importantly, there is an additional stipulation that they can charge you if you fall below $5. Feels shady that they tell you that you only have to fund with $1, then come back and say...oh yeah, but we'll charge you.
I proceed with my online application and submit. It's now been a week, and my application is not approved yet. They communicate via online messaging which sends you an email notification that a message is waiting. They needed to confirm my Driver's license and address. Fine--I upload a scan of my DL and a bank statement. Now I have a message saying that they do not accept bank statements. This is asinine, considering that their non-modifiable drop down menu of document types DOES include bank statement as an option to upload.
They ask me to upload a mortgage statement or a utility bill. Bad news NWFCU--I just moved, am renting from a private owner, and all my bills are paid in my rent. The only bill I have is my mobile phone.
I went ahead and sent them my phone bill info. I also tracked down my USPS change of address online and uploaded a PDF of that. If they still give me grief, I'm going to have to give up. It has been over a week with no progress.
I also wasted close to an hour on the phone with them. 45 minutes of which was wait time for two separate calls.
Data as of Q3 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 5500 |
| Year Chartered | 1947 |
| Employees | 515 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.78% |
| Return on Equity - YTD | 7.92% |
| Annual Interest Income | $103.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2018vs Q3 2017 | $3.48B$3.33B |
| Loans | Q3 2018vs Q3 2017 | $2.76B$2.53B |
| Deposits | Q3 2018vs Q3 2017 | $2.89B$2.84B |
| Equity Capital | Q3 2018vs Q3 2017 | $340.0MM$322.6MM |
| Loan Loss Allowance | Q3 2018vs Q3 2017 | $22.3MM$18.0MM |
| Unbacked Noncurrent Loans | Q3 2018vs Q3 2017 | $22.1MM$22.4MM |
| Real Estate Owned | Q3 2018vs Q3 2017 | $35.00K$376.00K |
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: 15-Month CD, 2.85% APY
Fine print: Minimum $25,000 balance to open a Giving Thanks certificate, with a maximum combined balance per member of $1 million in all/any Giving Thanks certificates. Giving Thanks certificate must be opened Online, in Online Banking or in a Northwest Federal Credit Union branch to be eligible for 2.85% APY. No bump rate eligible for Giving Thanks certificate. Not eligible for IRA, ESA, Roth, SEP, and Add-on Certificates. At renewal, certificate will auto-renew into current 12-month certificate rate unless otherwise designated.
https://www.depositaccounts.com/banks/northwest-fcu.html#newPromo
(Heritage Club bonus rates do not apply to Northwest's promotional CDs.)
Upto $300 For New Checking Accounts
"$300 Deposit with New Checking!**
Open your first-ever checking account with Northwest Federal in one of our branch locations between October 1, 2018 and December 31, 2018 to earn $300!** See below for complete details and qualification requirements.
*Offer runs from September 1, 2018 through November 30, 2018. $2 will be donated to the community partners within the member's chosen path, up to a total donation of $2,000, for every Northwest Federal member opens a Kasasa Cash or Kasasa Cash Back checking account during the promotional period.
** In-branch only limited time offer available 10/1/18 – 12/31/18. To earn $300 deposit into your checking account in the first 90 days after account opening you must: Open first-ever consumer checking account with Northwest Federal in one of our branch locations, be 18 years of age or older, be in good standing, make a minimum of three direct deposits into the checking account with a minimum of $250 each deposit, sign up for e-Statements, and login to Online Banking at least once. Once all requirements are met and your checking account has been opened for 90 days, you will receive your deposit within 5 days. Cannot be combined with other offers. Use promo code Checking2018. Elite Checking has an APY of .05% and Kasasa Cash has an APY ranging from 2%.-.48%. APY = Annual Percentage Yield. Fees may reduce earnings on accounts. Dividends are compounded daily and paid monthly. Rates current as of October 1, 2018 and are subject to change without notice. Kasasa Cash® Checking Account requires $100 minimum deposit to open and account qualifications must be met to earn dividends. To learn more about account requirements and qualifications visit nwfcu.org/greatchecking.
NWFCU 7Mo. Heritage Club Members Get 1/4% More
My reasons were:
1. Their rates over the last 10 years have been very good. (ex: the 3% account I am closing.)
2. I don't want to close out my account to go through the process of
re-joining, nor worry about "inactivity fees" chasing a promo that
might "end at any time".
3. 7 months is a short term, rates are rising, so I will hopefully be in a good position to find a rate of 3%+ at the end of the term.
Do you think I was wrong in my decision? Why?
NWFCU CD Rate Matching :(
Like a number of you I'm a holder of a NWFCU 3 year 3.00% APY Dream CD maturing in the next few days. In response to my request for a rate match, I received a
phone call this afternoon from NWFCU stating they would *NOT* match the NASA FCU 3y 3.25% APY offer (never hurts to ask). Like numerous others I will be moving
my $$ away from NWFCU come this Monday maturity date.
Note: If you are a NWFCU Heritage Club member (age .GE. 62) you are allowed to do NWFCU *FREE" domestice wire-out transfers.
2.50% 7 Months
7 months / minimum $100,000 balance to open
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
Northwest Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.11%* | $250k* | - | Money Market | ||
| OTHER TIERS: 0.05% → Up to $2.5k | 0.15% → $2.5k - $25k | 0.45% → $25k - $50k | 0.50% → $50k - $100k | 1.06% → $100k - $250k | |||||
Northwest Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.00%* | - | $25k | Kasasa Cash | ||
| OTHER TIERS: 0.25% → $25k+ | |||||
| 0.15% | - | - | Elite Checking > $1k Monthly Deposits | ||
| 0.05% | - | - | Elite Checking < $1k Monthly Deposits | ||
Northwest Federal Credit Union CD Rates
Northwest Federal Credit Union IRA Rates
| 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 |