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USAA or NFCU??

Frequent Contributor

USAA or NFCU??

Ive been spamming the boards with all these Credit Union questions and I'm down to my last question. I hope! Lets make an honest choice here, PenFed or NFCU? (if i can get in NFCU)

 

I am in the rebuilding process and looking for a solid bank to do all of my transactions. Mortgage, car loan, checking/savings, CC and other

 

Thanks Fico! Hopefully these post will allow everyone to know about each one!


Starting Score: 530 (EQ) 03-2012
Current Score: 678 (TU) myFico 04-2013, 649 (EQ myFico
Goal Score: 720+

Wallet: Wells Fargo Secured- 400 CL, Capital One Secured- 250 CL, Credit One Unsecured- 300 CL
20 REPLIES
Senior Contributor

Re: USAA or NFCU??

If you have a way in, NFCU.


Starting Score: 675
Current Score: EX 753 FICO, EQ 737FICO, TU 738
Goal Score: 776 FICO


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Valued Contributor

Re: USAA or NFCU??

If you have excellent credit, PenFed is the way to go. They tend to use the same hard pull for account opening and all your products, and give great rates on loans. For almost any credit scale and assuming you're qualified, NFCU is good for credit lines. However, they are extremely pull happy and will pull for virtually everything!

Personally, i would go with PenFed. To me, NFCU has too many hoops to jump through XD

Quicksilver WMC $20k | JCPenney Platinum $10k | Drive for Five $800 | Freedom VS $5k | TD Cash VS $5k | CFU VS $14.8k | Blue Sky $13.7k | IT $28k | SavingStar $14.8k | BCE $11.3k | Macy's AMEX $7.2k | BuyPower WEMC $7.5k | CSR VI $13.3k | Diamond Preferred $6.5k FICOS: EX 775 EQ 764 TU 759 VantageScore 3.0: EX 759 EQ 757 TU 762
Frequent Contributor

Re: USAA or NFCU??

NFCU - 1

USAA - 0

PenFed - 1

 

lol


Starting Score: 530 (EQ) 03-2012
Current Score: 678 (TU) myFico 04-2013, 649 (EQ myFico
Goal Score: 720+

Wallet: Wells Fargo Secured- 400 CL, Capital One Secured- 250 CL, Credit One Unsecured- 300 CL
Frequent Contributor

Re: USAA or NFCU??

I have PenFed and USAA. Smiley Happy


myFICO Starting Scores: TU 643 03.10.09 EX 676 01.09.09 EQ 638 05.24.09
Current Score: (WalMart FICO) TU 792 04.03.13 (Mortgage Lender - HP) EX 745 02.06.13 (Mortgage Lender - HP) EQ 771 02.06.13
Goal Score: 800+


Take the FICO Fitness Challenge
Senior Contributor

Re: USAA or NFCU??


rightcoast wrote:

Ive been spamming the boards with all these Credit Union questions and I'm down to my last question. I hope! Lets make an honest choice here, PenFed or NFCU? (if i can get in NFCU)

 

I am in the rebuilding process and looking for a solid bank to do all of my transactions. Mortgage, car loan, checking/savings, CC and other

 

Thanks Fico! Hopefully these post will allow everyone to know about each one!


If you can qualify for mship in NFCU, it's definitely your better option, they are more lenient on approvals. Banking-wise, only full members can do iPhone deposits with usaa. Everyone can do iPhone deposits with NFCU. Rewards-wise and Interest rate-wise, NFCU is better with their CCs than usaa - even with usaa full members. Look at their website and compare the rewards of their CCs vs nfcu's. usaa charges ltd members higher interest rate and less rewards than their full members, and both aren't as good as NFCU.

 

 

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EQ FICO 750 | TU FICO 761 (Walmart) | EX FAKO 767 | Goal: 800+

Edits, funky spacing and spelling due to my iPad not getting along with the forum editor!

Frequent Contributor

Re: USAA or NFCU??

Right on. Well im going to have to figure out if I can get into NFCU if not, I will get my Grandfather to join to USAA so he can pass the membership to me and we can have it in our family. Hopefully I will be a full member!


Starting Score: 530 (EQ) 03-2012
Current Score: 678 (TU) myFico 04-2013, 649 (EQ myFico
Goal Score: 720+

Wallet: Wells Fargo Secured- 400 CL, Capital One Secured- 250 CL, Credit One Unsecured- 300 CL
Senior Contributor

Re: USAA or NFCU??


rightcoast wrote:

Right on. Well im going to have to figure out if I can get into NFCU if not, I will get my Grandfather to join to USAA so he can pass the membership to me and we can have it in our family. Hopefully I will be a full member!


Well, frankly if I could, I would do both, if I had to choose one, I'd definitely choose NFCU. But if you can do both, its worth it. Usaa has good ins for full members, from what I have heard. id definitely get your grandfather to join. 

 

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EQ FICO 750 | TU FICO 761 (Walmart) | EX FAKO 767 | Goal: 800+

Edits, funky spacing and spelling due to my iPad not getting along with the forum editor!

Frequent Contributor

Re: USAA or NFCU??

definitely nfcuSmiley Happy

Contributor

Re: USAA or NFCU??

I bank with both. I have the following with them....

 

NFCU

-CC

-NavCheck (line of credit)

 

USAA

-main checking

-main savings

-3 CC (all points are linked which is great)

-personal loan

-auto loan

-renters insurance

-auto insurance

-VPP insurance (for my wifes wedding ring)

 

bottom line both banks are great, I like USAA a tad better because it offers more products and their website is top-notch in the banking industry period. Both offer top notch customer service and open 24hrs, so you cant go wrong. With USAA you can also link all of your other accounts with other financial institutions. Example, i have my NFCU products and Discover card all under my USAA login, so i can see my complete financial portfolio.

Wallet: NFCU CashRewards 35k-- USAA AMEX 28k-- USAA World MC 22k-- Discover IT 17.5k--Chase Freedom 23.5k-- NFCU NavCheck 15k