Navy Federal Credit Union Review
The Navy Federal Credit Union was established in 1933 and is currently going strong with over 2.8 million members. You can remain a member even after you leave the Navy, get married, change your name etc. In order to join you need to be Navy personnel, have a job within the Navy including civilians, be part of an officer training program, or be a family member of someone in the Navy. If you meet the requirements all you need to do is fill out a simple application. This application can be found online.
There are several different account types to choose from.
Share Savings
Basic account
Safety and Soundness Guarantee
Free Life Savings Insurance
Can have more than one Savings account in your name
Competitive rates
No monthly service charge
Checking
There are 4 types of checking accounts; EveryDay Checking, e-Checking, Flagship Checking and Campus Checking. All have some of the same features such as:
Dividends(earned from deposit date to withdrawal date)
Free Visa Check Card
Free Web Bill Pay
Free unlimited use of Navy Federal ATM’s
Free transactions at CO-OP Network ATM’s
Free 24-hour online Account Access
NAVcheck Overdraft Protection option
Variety of check styles available on online check ordering
Some are free of monthly fees
Money Market Savings Account
Earn more than Share Savings
Limited number of transactions
Minimum of $2,500 to earn dividends
Dividends paid monthly
Safety and Soundness Guarantee
Free Life Savings Insurance
No term restrictions or minimum balance
Shared Certificates
Earn higher dividends than share savings
Requires you to lock in money for a predetermined amount of time
All come with Safety and Soundness Guarantee
EasyStart Share Certificates
Share Certificates
Jumbo Certificates
Money Market Certificates
Custom Club Account
Kids Club Account
They get their occupy membership card
Rewards for increasing their account balance
Safety and Soundness Guarantee
Life Savings Insurance
They also offer IRAs, ESA’s and Estate Management Tools.
There are several loans to choose from and there is a .25% discount available on new Fixed Equity Loans.
Auto Loans & Auto Leasing: Rates 3.50%-7.00%
Equity Loans: Rates 6.650%-8.750%
NAVchek Line of Credit: Rates 12.50% APR
Motorcycle, Boat, RV & Collateral Loans: Rates 5.75%-9.00%
Mortgage: Rates 4.500%-6.750% interest & 5.097%-6.902% APR
Education Loans: Rates 6.80%-8.50%
Other Miscellaneous Loan Options: Rates 2.00%-11.00%
They have 4 credit cards and 2 debit cards to choose from.
Credit Cards
nRewards: Rates 7.90%-9.90% Available in Visa & MasterCard
goRewards: Rates 7.90%-9.90% Available in Visa & MasterCard
Flagship Rewards: Rates 7.90%-9.90% Available in Visa
Platinum Card 7.90%-9.90% Available in Visa & MasterCard
Debit Cards
Visa Check Card- Pay for goods and services, worldwide ATM card, make loan payments, access you NAVcheck Line of Credit, zero liability, password protection through CardGuard, no monthly or Point-of-Sale transaction fees & daily limits of $2,500 for Point-of-Sale and $400.00 for ATM’s.
Navy Federal’s CUCARD- Worldwide ATM card, make loan payments, pay for goods, get cash assist & daily limits of $5,000 for debits and $400.00 for cash withdrawals.
They have brokerage services available such as stocks, mutual funds, baskets of stocks, real-time online trades, broker-assisted trades, twice-daily window trades, fractional portion purchases of stock, limit orders, account access, account minimums and quotes.
Insurance & Annuities
Commercial Property and Casualty Insurance
Discount on GEICO Auto Insurance
Variable Annuities
Term and Whole Life Insurance from CUNA Mutual & Navy Mutual Aid Association
$2,000 of Accidental Death and Dismemberment Insurance is free to member of the credit union, but you still need to imprint up
They offer Money Management services such as:
Workbook: Comprehensive analysis
Quick Checkup: 5 petite analysis
Financial Calculators: Can be used for various things such as reducing your debt and starting a savings plan
There are Trust Services available as well such as:
Tax Savings Strategies
Estate Settlement
Asset Management Services
Revocable Living Trusts
Charitable Giving
Life Insurance Trusts
They have several other services at the disposal of members like Small Business Services, Online Account Access, Account Management and Member Specials and News Alerts.
There are several locations throughout the United States as well as Overseas Locations.
For detailed listings you can visit their website.
Throughout the network there are No fee ATM’s at most branch offices or located nearby, 25,000 fee-free CO-OP ATM’s for cash and 840,000 ATM’s worldwide.
Contact Information
You can call (888)842-6328 within the US or for International Derive call (703)255-8837
For mailing addresses visit here.
You can also visit any branch
For detailed information, to become a member and for everything else please visit
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Filed under Whole Life Insurance Comparison by on Jan 24th, 2012. 
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