Navy Federal Credit Union Information

The Navy Federal Credit Union was established approximately 75 years ago as a member owned business to benefit the military, Department of Defense and their families. 

The Navy Federal Credit Union is a not for profit, not for charity, but for service only.  Members are owners, not just "customers" and members control the credit union as each member has one vote. Only Navy Federal members can use the services offered. 

Navy Federal is not for profit so surplus funds return to members as dividends and reduced loan interest rates.  Navy Federal helps members gain economic independence regardless of income and educates their members in finance and current events. 

Navy Federal Credit Union Eligibility List

Department of Defense (DOD) Employees

Department of Defense Reservists

Army and Air Guard Personnel

Candidate Officer Programs

United States Government Employees assigned to DOD

DOD Civilian Employees

DOD Contractors assigned to US Installations

Navy Federal Credit Union Benefits

If you are in the military you are entitled to certain beneficial programs at Navy Federal.  First, you can participate in the Active Duty Checking program with Direct Deposit.  This benefit offers free name-only checks, dividend earnings, unlimited transactions, no minimum balance and free Web Bill Pay.  You also get ¼% of APR loans at Navy Federal. 

Another option available to you is Veterans Administration Mortgages.  These mortgages provide 100% financing, fixed rate terms and flexible maximum loan amounts.  Active Duty Choice rewards military members who are currently on active duty.  You can qualify for fixed rate terms.  There is no private mortgage insurance required and these loans have relatively easy qualification terms.

Military Life Program at Navy Federal

The Military Life Program has 3 main components; Deployment and Returning Home, Relocation and Giving Back to Those Who Serve.  For Deployment, Navy Federal offers pre-deployment guides, pre-deployment checklists, legal checklists, returning home advice and spouse and family resources.  For Relocation, Navy Federal offers information on overseas guidelines, installation, resources for spouses, school selection, house hunting and community acceptance.  Lastly, for Giving Back, navy Federal offers money for education, VA home loans, travel privileges, free legal assistance, family support and re-employment protection while deployed.

Navy Federal Credit Union Financial Group

Investment options include mutual funds, stocks, bonds and annuities.   Financial planning is available for retirement, education changing jobs and 401ks.  Homeowners insurance, life insurance and accident insurance are available.  Trusts services available to you as a credit union member are estate settlement, guardianship, trust establishment and more.

Navy Federal Business Services

Navy Federal also helps you with your business needs.  From a start up to a successful company, the credit union will make sure that you have a thriving business.  Navy Federal will assign a personal business account officer to you to provide advice and guidance.  You will be eligible for business credit cards, business loans, business checking and savings, retirement and insurance and commercial real estate services.