2. Northwest Federal Credit Union

Northwest Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEHOW THEY COMPARE
2.89%5-year CD
2.25% - National Average
1.92%2-year CD
2.80% - Capital One 24 Month 360 CDAdvertisement
1.92%1-year CD
2.75% - 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 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

Northwest FCU: 15-Month CD, 2.85% APY - 11/20/2018

Northwest Federal Credit Union is offering a 15-Month "Giving Thanks Certificate" with a yield of 2.85%. 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 - 10/22/2018

https://www.nwfcu.org/greatchecking "$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 dep

NWFCU 7Mo. Heritage Club Members Get 1/4% More - 10/6/2018

My 3 year 3% is also coming due after the holiday so it will probably be very busy everywhere. I received the notice, faxed it in and decided to renew to a 7month 2.75%, (Heritage Club 1/4% higher). 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?

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 !!

4

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
VIEW MORE REVIEWS

Health
A

Data as of Q3 2018

Learn why bank health matters

Health Grade Components

Overall
NCUA #5500
Year Chartered1947
Employees515
Primary Regulator
Profit Margin
Return on Assets - YTD0.78%
Return on Equity - YTD7.92%
Annual Interest Income$103.8MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$3.48B$3.33B
LoansQ3 2018vs Q3 2017$2.76B$2.53B
DepositsQ3 2018vs Q3 2017$2.89B$2.84B
Equity CapitalQ3 2018vs Q3 2017$340.0MM$322.6MM
Loan Loss AllowanceQ3 2018vs Q3 2017$22.3MM$18.0MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$22.1MM$22.4MM
Real Estate OwnedQ3 2018vs Q3 2017$35.00K$376.00K
  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: 15-Month CD, 2.85% APY

alan1   |  
Northwest Federal Credit Union is offering a 15-Month "Giving Thanks Certificate" with a yield of 2.85%.

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.)
2

Rates
Skip to rates for:
Report an Issue

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$1.5kYouth Club Share Savings
OTHER TIERS: 0.25% → $1.5k+
0.75%*-$50kKasasa Saver
OTHER TIERS: 0.25% → $50k+
0.55%--Savings IRA
0.05%$1-Share Savings
0.05%$1-Savings Club

Northwest Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*-$25kKasasa 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.89%*$250k*-5 Year Share Certificate
OTHER TIERS: 2.78% → $1k - $100k | 2.84% → $100k - $250k
2.89%*$250k*-Business 5 Year Share Certificate
OTHER TIERS: 2.78% → $1k - $100k | 2.84% → $100k - $250k
2.07%*$250k*-4 Year Share Certificate
OTHER TIERS: 1.97% → $1k - $100k | 2.02% → $100k - $250k
2.07%*$250k*-Business 4 Year Share Certificate
OTHER TIERS: 1.97% → $1k - $100k | 2.02% → $100k - $250k
1.97%*$250k*-3 Year Share Certificate
OTHER TIERS: 1.87% → $1k - $100k | 1.92% → $100k - $250k
1.97%*$250k*-Business 3 Year Share Certificate
OTHER TIERS: 1.87% → $1k - $100k | 1.92% → $100k - $250k
1.92%*$250k*-1 Year Share Certificate
OTHER TIERS: 1.56% → $1k - $100k | 1.87% → $100k - $250k
1.92%*$250k*-2 Year Share Certificate
OTHER TIERS: 1.81% → $1k - $100k | 1.87% → $100k - $250k
1.92%*$250k*-Business 1 Year Share Certificate
OTHER TIERS: 1.56% → $1k - $100k | 1.87% → $100k - $250k
1.92%*$250k*-Business 2 Year Share Certificate
OTHER TIERS: 1.81% → $1k - $100k | 1.87% → $100k - $250k
0.95%$500-2 Year Add-On Certificate
0.95%$500-Business 2 Year Add-On Certificate
0.90%*$250k*-6 Month Share Certificate
OTHER TIERS: 0.80% → $1k - $100k | 0.85% → $100k - $250k
0.90%*$250k*-Business 6 Month Share Certificate
OTHER TIERS: 0.80% → $1k - $100k | 0.85% → $100k - $250k
0.65%*$250k*-3 Month Share Certificate
OTHER TIERS: 0.55% → $1k - $100k | 0.60% → $100k - $250k
0.65%*$250k*-Business 3 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

Northwest Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.89%*$250k*-5 Year IRA Certificate
OTHER TIERS: 2.78% → $1k - $100k | 2.84% → $100k - $250k
2.07%*$250k*-4 Year IRA Certificate
OTHER TIERS: 1.97% → $1k - $100k | 2.02% → $100k - $250k
1.97%*$250k*-3 Year IRA Certificate
OTHER TIERS: 1.87% → $1k - $100k | 1.92% → $100k - $250k
1.92%*$250k*-1 Year IRA Certificate
OTHER TIERS: 1.56% → $1k - $100k | 1.87% → $100k - $250k
1.92%*$250k*-2 Year IRA Certificate
OTHER TIERS: 1.81% → $1k - $100k | 1.87% → $100k - $250k
0.95%$500-2 Year Add-On IRA Certificate
0.90%*$250k*-6 Month IRA Certificate
OTHER TIERS: 0.80% → $1k - $100k | 0.85% → $100k - $250k
0.65%*$250k*-3 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
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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.