Navy Federal Credit Union

Navy Federal Credit Union: banking and credit for the military community

Navy Federal Credit Union is a credit union whose membership is open to all branches of the armed forces, veterans, Department of Defense employees and their immediate family members. The institution operates in the United States and focuses on financial products for that community.

Savings and investment products

The savings offering includes savings accounts, retirement savings accounts, certificates, education savings accounts and money market accounts. On the investment side, Navy Federal Investment Services provides financial planning, investments, estate planning, digital investor and life insurance, with the ability to manage the investment account and the Digital Investor account, as well as to find an advisor.

Credit and debit cards

The credit card lineup includes cashRewards, cashRewards Secured, More Rewards American Express, Flagship Premier Visa Signature, GO REWARDS and Platinum Card. The institution allows you to prequalify for a card and offers balance transfer options. On the debit side, it offers a debit card, prepaid cards and GO gift cards. The Flagship Premier Visa Signature is presented with 4 points per dollar on travel, with no need for a booking portal, and with a $100 annual credit for flights.

Loans and mortgages

In home financing, the credit union offers mortgages, refinancing, preapproval, mortgage calculators, a home buying center and homeowner resources, as well as home equity loans and home equity lines of credit (HELOC). Personal loans include auto loans, with refinancing and preapproval, online registration and titling, as well as undergraduate and graduate student loans, student loan refinancing, personal loans, motorcycle, boat, RV and leisure vehicle loans.

Digital and security services

The institution provides mobile and online banking, mobile deposits, username and password management, account notifications, digital banking tutorials, paperless statements and a branch and ATM locator. On security, it has a security center, 2-step verification, tools to report fraud and debit card protection. It also allows fund transfers, cash transfers, wire transfers and the use of Zelle.

Resources for military and business life

Navy Federal maintains a resource center for PCS moves, with checklists, budgeting tools and financial resources for every stage of the move. For businesses it offers savings and checking accounts, credit cards, loans, insurance and investments, as well as veteran resources. The institution also publishes educational content on credit, debt, savings, budgeting, family finances, retirement, home buying, auto, investing and college planning, and includes a podcast and the Mission: Credit Confidence program.

Membership and recognition

Membership is open to active-duty members, veterans and retirees, Department of Defense civilian personnel and immediate family members. The credit union offers member perks and discounts, as well as a youth membership. Its recognition includes awards and distinctions for service excellence. The institution is insured by the NCUA and operates as an Equal Housing Lender and Equal Opportunity Employer, with NMLS ID 399807. Navy Federal conducts all of its business with members in English.