Join Early Retirement Today
Reply
 
Thread Tools Display Modes
Navy Federal CU Membership Eligiblilty Widens
Old 06-02-2008, 06:40 AM   #1
Thinks s/he gets paid by the post
OAG's Avatar
 
Join Date: Jun 2006
Location: Central, Ohio, USA
Posts: 2,635
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
OAG is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 06-02-2008, 06:03 PM   #2
Dryer sheet aficionado
 
Join Date: Jun 2008
Posts: 47
That's navyfcu.org. and I still prefer USAA.
heardoc is offline   Reply With Quote
Old 06-02-2008, 06:29 PM   #3
Thinks s/he gets paid by the post
Spanky's Avatar
 
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,455
Quote:
retirees and annuitants
Is a person served only 4 years in USAF considered as a retiree?
__________________
May we live in peace and harmony and be free from all human sufferings.
Spanky is offline   Reply With Quote
Old 06-02-2008, 06:54 PM   #4
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,004
Quote:
Originally Posted by Spanky View Post
Is a person served only 4 years in USAF considered as a retiree?
Not under normal circumstances.
__________________
Numbers is hard
REWahoo is offline   Reply With Quote
Old 06-03-2008, 05:01 AM   #5
Thinks s/he gets paid by the post
OAG's Avatar
 
Join Date: Jun 2006
Location: Central, Ohio, USA
Posts: 2,635
Quote:
Originally Posted by heardoc View Post
That's navyfcu.org. and I still prefer USAA.
Either one will work......(test them before you post them).
__________________
Vietnam Veteran, CW4 USA, Retired 1979
OAG is offline   Reply With Quote
Old 06-03-2008, 11:22 AM   #6
Dryer sheet aficionado
 
Join Date: Jun 2008
Posts: 47
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
heardoc is offline   Reply With Quote
Old 06-03-2008, 01:31 PM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
calmloki's Avatar
 
Join Date: Jan 2007
Location: Independence
Posts: 7,281
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.
calmloki is online now   Reply With Quote
Old 06-09-2008, 08:56 AM   #8
Thinks s/he gets paid by the post
JPatrick's Avatar
 
Join Date: Jun 2005
Posts: 2,610
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??
JPatrick is offline   Reply With Quote
Old 06-09-2008, 09:29 AM   #9
Thinks s/he gets paid by the post
 
Join Date: Jul 2007
Location: St. Louis
Posts: 1,563
I wish I could join.
FANOFJESUS is offline   Reply With Quote
Old 06-09-2008, 10:28 AM   #10
Recycles dryer sheets
 
Join Date: May 2008
Posts: 119
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...
Boxkicker is offline   Reply With Quote
Old 06-09-2008, 10:37 AM   #11
Thinks s/he gets paid by the post
OAG's Avatar
 
Join Date: Jun 2006
Location: Central, Ohio, USA
Posts: 2,635
Quote:
Originally Posted by JPatrick View Post
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??
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
OAG is offline   Reply With Quote
Old 06-09-2008, 11:24 AM   #12
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Purron's Avatar
 
Join Date: Nov 2007
Posts: 5,596
Quote:
Originally Posted by R Wood View Post
BTW NFCU is the #1 (in size/deposits) CU in the USA - PFCU is 2d.
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.
Purron is offline   Reply With Quote
Old 06-09-2008, 11:53 AM   #13
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,856
Quote:
Originally Posted by JPatrick View Post
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??
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.
__________________
*

Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."

I don't spend much time here— please send a PM.
Nords is offline   Reply With Quote
Old 06-09-2008, 04:37 PM   #14
Thinks s/he gets paid by the post
JPatrick's Avatar
 
Join Date: Jun 2005
Posts: 2,610
Quote:
Originally Posted by Nords View Post
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)..

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.
JPatrick is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Morningstar premium membership: Who's got it? Keyboard Ninja Young Dreamers 10 04-23-2008 06:57 AM
Membership in AARP David1961 Young Dreamers 19 02-21-2008 09:22 PM
FSA for Gym Membership ChemEng Health and Early Retirement 2 01-31-2008 06:23 PM
Shop at costco.com without a membership cute fuzzy bunny Other topics 30 07-15-2007 06:56 PM
How much does your gym membership cost? wabmester Other topics 44 10-29-2006 02:08 AM

» Quick Links

 
All times are GMT -6. The time now is 03:31 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.