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Navy Federal CU Membership Eligiblilty Widens
06-02-2008, 06:40 AM
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#1
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Location: Central, Ohio, USA
Posts: 2,635
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Navy Federal CU Membership Eligiblilty Widens
May be old news but now NFCU is not open to eligible Army and AF personnel. See the home page at www.nfcu.org for details and online or mail in applications.
__________________
Vietnam Veteran, CW4 USA, Retired 1979
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06-02-2008, 06:03 PM
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#2
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Dryer sheet aficionado
Join Date: Jun 2008
Posts: 47
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That's navyfcu.org. and I still prefer USAA.
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06-02-2008, 06:29 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,455
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Quote:
Is a person served only 4 years in USAF considered as a retiree?
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May we live in peace and harmony and be free from all human sufferings.
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06-02-2008, 06:54 PM
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#4
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,004
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Quote:
Originally Posted by Spanky
Is a person served only 4 years in USAF considered as a retiree?
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Not under normal circumstances.
__________________
Numbers is hard
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06-03-2008, 05:01 AM
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#5
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Location: Central, Ohio, USA
Posts: 2,635
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Quote:
Originally Posted by heardoc
That's navyfcu.org. and I still prefer USAA.
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Either one will work......(test them before you post them).
__________________
Vietnam Veteran, CW4 USA, Retired 1979
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06-03-2008, 11:22 AM
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#6
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Dryer sheet aficionado
Join Date: Jun 2008
Posts: 47
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Either one will work......(test them before you post them).
Nope, NFCU.org won't work for me. Didn't the first time I looked either
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06-03-2008, 01:31 PM
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#7
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2007
Location: Independence
Posts: 7,281
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odd - clicked R Woods link and it opened up - grabbed the URL and it is this: Navy Fede ral
Not that it does me and my 4 years as a sonarman any good. Not eligible, though Pentagon Fed accepts me and anyone else with a spare $20.
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06-09-2008, 08:56 AM
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#8
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 2,610
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Question for Navy Fed members:
I'm a USAA and PenFed member. How would I benefit by opening a NavyFed account?
I can think of one--Membership can be passed to the kids and then to their kids someday.
Anything else??
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06-09-2008, 09:29 AM
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#9
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Thinks s/he gets paid by the post
Join Date: Jul 2007
Location: St. Louis
Posts: 1,563
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I wish I could join.
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06-09-2008, 10:28 AM
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#10
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Recycles dryer sheets
Join Date: May 2008
Posts: 119
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I have been an NFCU member for 20 years and its the only bank/CU I have ever belonged to. I have used them for mortgages, loans, etc.. Never had a problem.
I just joined USAA for the insurance possibilities, so I couldn't tell you the pluses, minuses, etc...
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06-09-2008, 10:37 AM
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#11
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Location: Central, Ohio, USA
Posts: 2,635
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Quote:
Originally Posted by JPatrick
Question for Navy Fed members:
I'm a USAA and PenFed member. How would I benefit by opening a NavyFed account?
I can think of one--Membership can be passed to the kids and then to their kids someday.
Anything else??
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NFCU can be a good source of CD's Rates (not so much lately but they have been in the past) - Sometimes they beat PFCU. Can be another source of deposit insurance to cover savings.
Also, they have about the lowest Car Loans around (without checking; I think they have a 3.75% 36 month loan and beat PFCU.
The legacy factor can be good for the kids and grandkids later. (PFCU has the same option I believe).
BTW NFCU is the #1 (in size/deposits) CU in the USA - PFCU is 3rd.
Cost to open: Nothing (beyond the $5 Share deposit).
__________________
Vietnam Veteran, CW4 USA, Retired 1979
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06-09-2008, 11:24 AM
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#12
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2007
Posts: 5,596
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Quote:
Originally Posted by R Wood
BTW NFCU is the #1 (in size/deposits) CU in the USA - PFCU is 2d.
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Actually, the second largest credit union is State Employees CU in Raleigh, NC. It's a state chartered federally insured credit union with $15.9 billion in total assets. Navy has $35.3 and Pentagon has $11.9. (Source National Credit Union Administration - Home Page)
__________________
I purr therefore I am.
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06-09-2008, 11:53 AM
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#13
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,856
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Quote:
Originally Posted by JPatrick
I'm a USAA and PenFed member. How would I benefit by opening a NavyFed account?
I can think of one--Membership can be passed to the kids and then to their kids someday.
Anything else??
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I'm with all three now-- NFCU since 1978, USAA since 1981, PenFed since 2006.
Over the last few years PenFed & NFCU have been locked into a vicious struggle to beat each other's CD rates. PenFed has generally been winning but NFCU occasionally pops an extra quarter-point of interest rate onto a high-minimum CD. PenFed must be losing a lot of money on their $1000-minimum CDs, but they offer the best flexibility & rates. NFCU generally offers lower rates on $1000 CDs and only competes at higher minimum balances.
After you've reached your 25th anniversary with NFCU they hand out an extra quarter-point of interest rate on your next CD (or reduce your next consumer loan by a quarter point).
NFCU has generally been better on mortgages & HELOCs, but PenFed is learning fast. I especially like PenFed's "e-mail me when mortgage rates get to my alert levels" website feature, but NFCU just claims to be working hard on a similar feature.
NFCU has more member network ATMs, too, although that's not much of a difference.
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06-09-2008, 04:37 PM
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#14
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 2,610
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Quote:
Originally Posted by Nords
I'm with all three now-- NFCU since 1978, USAA since 1981, PenFed since 2006.
After you've reached your 25th anniversary with NFCU they hand out an extra quarter-point of interest rate on your next CD (or reduce your next consumer loan by a quarter point)..
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Ok, I'm sold. I'm going to do the threesome also.
Gotta get started on that 25 year deal right away...Sigh, suddenly the idea of buying a bunch of green bananas does not seem so risky.
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