Featured Savings Rates
Featured Accounts

Northwest Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
2.02%5-year CD5 Year Share Certificate
1.71%3-year CD3 Year Share Certificate
1.56%2-year CD2 Year Share Certificate

Overview / Commentary
703-709-8900
200 Spring St
Herndon, VA 20170

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 December of 2016, it had grown to 450 employees and 228,002 members at 8 locations. Northwest Federal Credit Union's CD rates are 57% 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

Celebrate With NorthWest FCU's 30-Month Certificate (2.02% APY) - 4/19/2017

NorthWest FCU (easy membership) is offering a limited-time 30-month Celebration Certificate (2.02% APY). Minimum deposit is $1k, with a $500k maximum per member.

Celebration Certificate - 30 Month - 2.02% APY - 4/19/2017

Earn 2.02% APY* when you open a 30-month Celebration Certificate with $1,000 minimum deposit. This special offer is available for Traditional Certificates as well as IRA/SEP/Roth/Coverdell Certificates. Open yours today through Online Banking, at one of our branches or by phone: 703-709-8900 (844-709-8900 toll-free). *APY = Annual Percentage Yield. The Annual Percentage Yield is based on an assumption that dividends are posted and compounded as stated on your Certificate Application and will remain in the account. A withdrawal will reduce earnings. A penalty may be imposed for early withdrawal. Fees could reduce earnings. Celebration Certificate will automatically roll into 1-year Regular/IRA Certificate upon maturity. Limit of $500,000 combined maximum per member, trust membership or estate. Celebration Certificate is not available as an Add-On Certificate. No bonus rates are available on the Celebration Certificate. Offer is valid as of April 19, 2017 and is subject to change.

Northwest FCU's 1-Year CD Has Potential 0.25% Rate Bump - 12/28/2016

Northwest FCU (easy membership) has raised the rate on its 1-year CD (1.41% APY, $250k min; 1.31% APY, $100k min; 1.21% APY, $1k min). 0.25% rate bump possible.

View all posts from:

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
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 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.

One Despositaccounts.Com Experience

Posted by: zz | Oct 17, 2015

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

Posted by: tinman | Oct 9, 2015

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.

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Health

Health Grade Components

Overall
NCUA #5500
Year Chartered1947
Employees450
Primary Regulator
Profit Margin
Return on Assets - YTD0.73%
Return on Equity - YTD7.6%
Annual Interest Income$100.4MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$3.13B$3.09B
LoansQ4 2016vs Q4 2015$2.12B$1.90B
DepositsQ4 2016vs Q4 2015$2.67B$2.47B
Equity CapitalQ4 2016vs Q4 2015$301.6MM$275.1MM
Loan Loss AllowanceQ4 2016vs Q4 2015$17.7MM$18.3MM
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$14.8MM$13.1MM
Real Estate OwnedQ4 2016vs Q4 2015$305.00K$0
  User-submitted Promotions & Notices

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.

Celebration Certificate - 30 Month - 2.02% APY

celticbhoy   |  
Earn 2.02% APY* when you open a 30-month Celebration Certificate with $1,000 minimum deposit. This special offer is available for Traditional Certificates as well as IRA/SEP/Roth/Coverdell Certificates.

Open yours today through Online Banking, at one of our branches or by phone: 703-709-8900 (844-709-8900 toll-free).

*APY = Annual Percentage Yield. The Annual Percentage Yield is based on an assumption that dividends are posted and compounded as stated on your Certificate Application and will remain in the account. A withdrawal will reduce earnings. A penalty may be imposed for early withdrawal. Fees could reduce earnings. Celebration Certificate will automatically roll into 1-year Regular/IRA Certificate upon maturity. Limit of $500,000 combined maximum per member, trust membership or estate. Celebration Certificate is not available as an Add-On Certificate. No bonus rates are available on the Celebration Certificate. Offer is valid as of April 19, 2017 and is subject to change.

Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.27%*-$1,500Youth 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*$250k*-Money Market
OTHER TIERS: 0.10% Up to $2,500 | 0.30% $2,500 - $25k | 0.35% $25k - $50k | 0.40% $50k - $100k | 0.50% $100k - $250k

Northwest Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.02%*$100k*-5 Year Share Certificate
OTHER TIERS: 1.92% $1k - $100k
2.02%*$100k*-Business 5 Year Share Certificate
OTHER TIERS: 1.92% $1k - $100k
2.02%$1k$500k30 Month Celebration Certificate
1.92%*$250k*-4 Year Share Certificate
OTHER TIERS: 1.71% $1k - $100k | 1.81% $100k - $250k
1.92%*$250k*-Business 4 Year Share Certificate
OTHER TIERS: 1.71% $1k - $100k | 1.81% $100k - $250k
1.71%*$250k*-3 Year Share Certificate
OTHER TIERS: 1.51% $1k - $100k | 1.61% $100k - $250k
1.71%*$250k*-Business 3 Year Share Certificate
OTHER TIERS: 1.51% $1k - $100k | 1.61% $100k - $250k
1.56%*$250k*-2 Year Share Certificate
OTHER TIERS: 1.36% $1k - $100k | 1.46% $100k - $250k
1.56%*$250k*-Business 2 Year Share Certificate
OTHER TIERS: 1.36% $1k - $100k | 1.46% $100k - $250k
1.41%*$250k*-1 Year Share Certificate
OTHER TIERS: 1.21% $1k - $100k | 1.31% $100k - $250k
1.41%*$250k*-Business 1 Year Share Certificate
OTHER TIERS: 1.21% $1k - $100k | 1.31% $100k - $250k
0.95%$500-2 Year Add-On Certificate
0.95%*$250k*-6 Month Share Certificate
OTHER TIERS: 0.75% $1k - $100k | 0.85% $100k - $250k
0.95%*$250k*-Business 6 Month Share Certificate
OTHER TIERS: 0.75% $1k - $100k | 0.85% $100k - $250k
0.95%$500-Business 2 Year Add-On Certificate
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
0.50%*$250k*-3 Month Share Certificate
OTHER TIERS: 0.30% $1k - $100k | 0.40% $100k - $250k
0.50%*$250k*-Business 3 Month Share Certificate
OTHER TIERS: 0.30% $1k - $100k | 0.40% $100k - $250k

Northwest Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.02%*$100k*-5 Year IRA Certificate
OTHER TIERS: 1.92% $1k - $100k
2.02%$1k$500k30 Month Celebration IRA Certificate
1.92%*$250k*-4 Year IRA Certificate
OTHER TIERS: 1.71% $1k - $100k | 1.81% $100k - $250k
1.71%*$250k*-3 Year IRA Certificate
OTHER TIERS: 1.51% $1k - $100k | 1.61% $100k - $250k
1.56%*$250k*-2 Year IRA Certificate
OTHER TIERS: 1.36% $1k - $100k | 1.46% $100k - $250k
1.41%*$250k*-1 Year IRA Certificate
OTHER TIERS: 1.21% $1k - $100k | 1.31% $100k - $250k
0.95%*$250k*-6 Month IRA Certificate
OTHER TIERS: 0.75% $1k - $100k | 0.85% $100k - $250k
0.95%$500-2 Year Add-On IRA Certificate
0.60%$500-1 Year Add-On IRA Certificate
0.55%$100-1 Year Youth Add-On IRA Certificate
0.50%*$250k*-3 Month IRA Certificate
OTHER TIERS: 0.30% $1k - $100k | 0.40% $100k - $250k
Locations


Northwest Federal Credit Union Locations
Branch Office9730 Liberia AveManassas, VA 20110
Branch Office231 Maple Ave EVienna, VA 22180
Branch Office200 Spring StHerndon, VA 20170
Branch Office14419 Chantilly Crossing LnChantilly, VA 20151-2116
Branch Office525 Trimble Plz SELeesburg, VA 20175-5437
Branch Office7500 Webb DrGainesville, VA 20155
Branch Office2545 Centreville Rd Ste Q18Herndon, VA 20171-3158
Corporate Office200 Spring StHerndon, VA 20170