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  2. Northwest Federal Credit Union

Northwest Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.66%2-year CD2 Year Share Certificate
2.35% - Ally Bank Raise Your Rate 2-Year CDAdvertisement
1.41%1-year CD1 Year Share Certificate
2.45% - Synchrony Bank 14 Month CD SpecialAdvertisement
1.71%3-year CD3 Year Share Certificate
2.50% - Ally Bank High Yield 3 Year CDAdvertisement
View all Northwest Federal Credit Union rates »

Overview / Commentary
www.nwfcu.org
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 59th largest credit union in the nation. It was established in 1947 and as of March of 2018, it had grown to 511 employees and 258,476 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

Northwest FCU 5-Yr. Appreciation CD Special Seems To Have Ended - 6/11/2018

The CD, yielding as much as 3.42% (depending on amount and member's age), has disappeared from the credit union's website. The website now lists the following rates and yields for non-senior citizens. (Higher yields are available to members over age 62.) $1000-99,999 2.75/2.78% $100,000-249,999 2.80/2.84% $250,000+ 2.85/2.89% https://www.nwfcu.org/banking/checking-savings/certificates Heritage Club members (over age 62) earn a bonus dividend rate of 0.10% with a balance between $50,000 - $99,999.99, and a bonus dividend rate of 0.25% with a balance of $100,000+ https://www.nwfcu.org/heritage-club

NFCU Offering To Convert 3 Yr Add-On To Current 5 Yr Promo CD - 5/21/2018

I received email from Northwest Federal offering to convert 3 Yr Add-On (3.04% with max of $100K) that many of us opened back in Oct. 2015 to current 5 year promo CD (3.15% for sub $100K, 3.41% for $250K+). That 3 Yr Add-On was irresistible, this 5 Yr less so. "Your Dream Certificate will be maturing in October. We don't want you to miss out on an opportunity to earn one of the highest dividend rates in the nation. For a limited time only, you can convert your Dream Certificate, without penalty, to a new 5-year Appreciation Certificate. This special offer is also available on new money you deposit to open a 5-year Appreciation Certificate.”

Northwest FCU Adds 5-Year Appreciation CD - 4/20/2018

Northwest FCU is offering a 5-year Appreciation Certificate, with three rate levels: 3.15% ($1k+), 3.35% ($100k+), and 3.41% ($250k+). Heritage Club required.

View all posts from:

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

Reviews (17)

Best Credit Union Ever !!

Posted by: Meehl0069 | Jun 6, 2018

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

2

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.

4

NO Customer Service At ALL

Posted by: Sheryl Montgomery | Oct 4, 2016

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.

4

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.

5
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Health
A

Data as of Q1 2018

Learn why bank health matters

Health Grade Components

Overall
NCUA #5500
Year Chartered1947
Employees511
Primary Regulator
Profit Margin
Return on Assets - YTD0.77%
Return on Equity - YTD8.09%
Annual Interest Income$33.8MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$3.42B$3.22B
LoansQ1 2018vs Q1 2017$2.60B$2.24B
DepositsQ1 2018vs Q1 2017$2.88B$2.73B
Equity CapitalQ1 2018vs Q1 2017$326.3MM$308.6MM
Loan Loss AllowanceQ1 2018vs Q1 2017$18.9MM$16.5MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$21.1MM$14.4MM
Real Estate OwnedQ1 2018vs Q1 2017$1.5MM$305.00K
  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.

Northwest FCU 5-Yr. Appreciation CD Special Seems To Have Ended

alan1   |  
The CD, yielding as much as 3.42% (depending on amount and member's age), has disappeared from the credit union's website.

The website now lists the following rates and yields for non-senior citizens. (Higher yields are available to members over age 62.)

$1000-99,999 2.75/2.78%
$100,000-249,999 2.80/2.84%
$250,000+ 2.85/2.89%

https://www.nwfcu.org/banking/checking-savings/certificates

Heritage Club members (over age 62) earn a bonus dividend rate of 0.10% with a balance between $50,000 - $99,999.99, and a bonus dividend rate of 0.25% with a balance of $100,000+

https://www.nwfcu.org/heritage-club
6

NFCU Offering To Convert 3 Yr Add-On To Current 5 Yr Promo CD

Sylvia   |  
I received email from Northwest Federal offering to convert 3 Yr Add-On (3.04% with max of $100K) that many of us opened back in Oct. 2015 to current 5 year promo CD (3.15% for sub $100K, 3.41% for $250K+). That 3 Yr Add-On was irresistible, this 5 Yr less so.

"Your Dream Certificate will be maturing in October. We don't want you to miss out on an opportunity to earn one of the highest dividend rates in the nation. For a limited time only, you can convert your Dream Certificate, without penalty, to a new 5-year Appreciation Certificate. This special offer is also available on new money you deposit to open a 5-year Appreciation Certificate.”
6

Northwest FCU Offering Up To 3.45% APY On 5-Year CD

me1004   |  
Northwest Federal Credit Union is offering a 5-year CD at as high as 3.41% APY, if you are age 62 or older, or 3.15% APY otherwise.

Its a bit confusing by how they post things on their Website (and in an e-mail they sent to me), but this is their basic 5-year rate of 3.15% APY, plus their bonus for all their Heritage Club members, of 0.25% for CDs of $100,000 and up, and 0.10 for CDs of $50,000 through $99,999.99. Since the 3.15% APY is not a special promo, it is eligible for the Heritage Club bonus — according to that e-mail.

https://nwfcu.org/banking/checking-savings/certificates

Unfortunately, their rules for joining the Heritage Club have changed. It used to be open to all ages by opening a certain checking account, or those simply age 62 or over. But it is now only for those age 62 or over, and they automatically qualify as a Heritage Club member. (I presume if you were under age 62 and already a Heritage Club member, you will retain your membership even after the rule change, but you better check that.)
6

Northwest FCU: 5-Yr. CD, Up To 3.41% APY

alan1   |  
APYs for Heritage Club members (over age 62)
$1000-99,999 3.15%
$100,000-249,999 3.35%
$250,000 and over 3.41%

for others:
$1000-99,999 3.05%
$100,000-249,999 3.10%
$250,000 and over 3.15%

https://www.nwfcu.org/banking/checking-savings/certificates
9

2% Kasasa Cash Checking At NWFCU (Upto $15K)

pinkterror   |  
I recently got email on this product from NWFCU.

Website mentions estatements, 12 debit card transactions, and logging in each month

https://www.nwfcu.org/banking/checking-savings/checking-accounts
5

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+
0.75%*-$25kKasasa Saver
OTHER TIERS: 0.25% → $25k+
0.55%--Savings IRA
0.05%--Share Savings
0.05%--Savings Club

Northwest Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*$250k*-Money Market
OTHER TIERS: 0.05% → Up to $2,500 | 0.15% → $2,500 - $25k | 0.45% → $25k - $50k | 0.50% → $50k - $100k | 0.55% → $100k - $250k

Northwest Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*-$15kKasasa Cash
OTHER TIERS: 0.25% → $15k+
0.15%--Elite Checking > $1k Monthly Deposits
0.05%--Elite Checking < $1k Monthly Deposits

Northwest Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.89%*$250k*-5 Year CD Special
OTHER TIERS: 2.78% → $1k - $100k | 2.84% → $100k - $250k
2.89%*$250k*-Business 5 Year CD Special
OTHER TIERS: 2.78% → $1k - $100k | 2.84% → $100k - $250k
1.81%*$250k*-4 Year Share Certificate
OTHER TIERS: 1.71% → $1k - $100k | 1.76% → $100k - $250k
1.81%*$250k*-Business 4 Year Share Certificate
OTHER TIERS: 1.71% → $1k - $100k | 1.76% → $100k - $250k
1.71%*$250k*-3 Year Share Certificate
OTHER TIERS: 1.61% → $1k - $100k | 1.66% → $100k - $250k
1.71%*$250k*-Business 3 Year Share Certificate
OTHER TIERS: 1.61% → $1k - $100k | 1.66% → $100k - $250k
1.66%*$250k*-2 Year Share Certificate
OTHER TIERS: 1.56% → $1k - $100k | 1.61% → $100k - $250k
1.66%*$250k*-Business 2 Year Share Certificate
OTHER TIERS: 1.56% → $1k - $100k | 1.61% → $100k - $250k
1.41%*$250k*-1 Year Share Certificate
OTHER TIERS: 1.31% → $1k - $100k | 1.36% → $100k - $250k
1.41%*$250k*-Business 1 Year Share Certificate
OTHER TIERS: 1.31% → $1k - $100k | 1.36% → $100k - $250k
0.95%$500-2 Year Add-On Certificate
0.95%$500-Business 2 Year Add-On Certificate
0.65%*$250k*-6 Month Share Certificate
OTHER TIERS: 0.55% → $1k - $100k | 0.60% → $100k - $250k
0.65%*$250k*-Business 6 Month Share Certificate
OTHER TIERS: 0.55% → $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
0.40%*$250k*-3 Month Share Certificate
OTHER TIERS: 0.30% → $1k - $100k | 0.35% → $100k - $250k
0.40%*$250k*-Business 3 Month Share Certificate
OTHER TIERS: 0.30% → $1k - $100k | 0.35% → $100k - $250k

Northwest Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.89%*$250k*-5 Year IRA Special
OTHER TIERS: 2.78% → $1k - $100k | 2.84% → $100k - $250k
1.81%*$250k*-4 Year IRA Certificate
OTHER TIERS: 1.71% → $1k - $100k | 1.76% → $100k - $250k
1.71%*$250k*-3 Year IRA Certificate
OTHER TIERS: 1.61% → $1k - $100k | 1.66% → $100k - $250k
1.66%*$250k*-2 Year IRA Certificate
OTHER TIERS: 1.56% → $1k - $100k | 1.61% → $100k - $250k
1.41%*$250k*-1 Year IRA Certificate
OTHER TIERS: 1.31% → $1k - $100k | 1.36% → $100k - $250k
0.95%$500-2 Year Add-On IRA Certificate
0.65%*$250k*-6 Month IRA Certificate
OTHER TIERS: 0.55% → $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
0.40%*$250k*-3 Month IRA Certificate
OTHER TIERS: 0.30% → $1k - $100k | 0.35% → $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

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