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  2. Northwest Federal Credit Union

Northwest Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
3.15%5-year CD5 Year Share Certificate
2.50% - Ally Bank High Yield 5 Year CDAdvertisement
1.66%2-year CD2 Year Share Certificate
2.25% - Synchrony Bank 24 Month CDAdvertisement
1.41%1-year CD1 Year Share Certificate
2.10% - Goldman Sachs Bank USA High-yield 12 Month 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 56th largest credit union in the nation. It was established in 1947 and as of December of 2017, it had grown to 512 employees and 253,529 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 Adds 5-Year Appreciation CD, Up To 3.41% APY - 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.

Northwest FCU Offering Up To 3.45% APY On 5-Year CD - 4/20/2018

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,

Northwest FCU: 5-Yr. CD, Up To 3.41% APY - 4/20/2018

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

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 (16)

Great Credit Union with Great Ammenities!

Posted by: dixiebartlett2 | Apr 26, 2017

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.

1

Great CD Rates...But That's Not All

Posted by: celticbhoy | Apr 14, 2017

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.

1

Awesome small credit union

Posted by: latricebradshaw | Jun 1, 2017

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.

1

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.

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Health
A

Data as of Q4 2017

Learn why bank health matters

Health Grade Components

Overall
NCUA #5500
Year Chartered1947
Employees512
Primary Regulator
Profit Margin
Return on Assets - YTD0.62%
Return on Equity - YTD6.44%
Annual Interest Income$123.6MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$3.40B$3.13B
LoansQ4 2017vs Q4 2016$2.56B$2.12B
DepositsQ4 2017vs Q4 2016$2.85B$2.67B
Equity CapitalQ4 2017vs Q4 2016$325.0MM$301.6MM
Loan Loss AllowanceQ4 2017vs Q4 2016$17.8MM$17.7MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$23.9MM$14.8MM
Real Estate OwnedQ4 2017vs Q4 2016$327.00K$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 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
5

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
4

(See Note) NWFCU Leaving Shared Branch Network

saver123   |  
Not a rate change (couldn't find any place else to put this) but a service change.
NWFCU (Northwest Federal Credit Union), known for their 3% CD about 2.5 years ago, will be leaving the CO-OP Shared Branch network as of March 31st -- this according to a telephone rep today (3/5/18).

Editor’s Note: We have been contacted by a Northwest Federal official who has stated that “Northwest Federal has no plans to leave the COOP Shared Branch network and will continue to offer this service to our members.”
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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
3.41%*$250k*-5 Year Heritage Club Appreciation Certificate
OTHER TIERS: 3.15% → $1k - $100k | 3.35% → $100k - $250k
3.15%*$250k*-5 Year Share Certificate
OTHER TIERS: 3.05% → $1k - $100k | 3.10% → $100k - $250k
3.15%*$250k*-Business 5 Year Share Certificate
OTHER TIERS: 3.05% → $1k - $100k | 3.10% → $100k - $250k
1.82%*$250k*-4 Year Share Certificate
OTHER TIERS: 1.71% → $1k - $100k | 1.77% → $100k - $250k
1.82%*$250k*-Business 4 Year Share Certificate
OTHER TIERS: 1.71% → $1k - $100k | 1.77% → $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
3.41%*$250k*-5 Year Heritage Club Appreciation IRA
OTHER TIERS: 3.15% → $1k - $100k | 3.35% → $100k - $250k
3.15%*$250k*-5 Year IRA Certificate
OTHER TIERS: 3.05% → $1k - $100k | 3.10% → $100k - $250k
1.82%*$250k*-4 Year IRA Certificate
OTHER TIERS: 1.71% → $1k - $100k | 1.77% → $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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