As much as I sing their praises, don't be fooled by their niceness.They can be meaner than a junkyard dog if you burn them. I sure hope none of our members ever experience that side of Navy Fed!
One of their ways of being able to offer such high limits is that they can afford to by being aggressive in pursuing those who default on their obligations. As long as they do that within the law then I have no problem with it. As for TheManWhoCan's comment, they would be crazy not to take funds from any account you have with them if you default on another account. I've been a member with them for over 30 years and have watched them grow because of their products and services. Treat them nicely and they will do the same in return.
Regarding membership, if I'm not military and none of my family that is (or was actually) is a member, and I don't have the required employment qualifications, I can't become a member, right? I know some of these CU's let you obtain membership via other methods (paying for membership / donating to other organizations as one example) if you don't quality through military affiliation. I just trying to be sure I'm not missing it.
You're missing something alright. Lol. Our members have been joining NFCU via the a Navy League San Diego for the past 4,5 months. $25 donation. Follow instructions in thread below.
I was thrilled to finally have an "in" with NFCU once the Navy League method became known. Their credit card with a $17,900 SL was more than 7x my next highest limit at the time ($2,400)! I have also heard good things about their mortgage offerings for first-time home buyers; buying a house in 2021 or thereabouts will be the endgame of all my recent rebuilding efforts. NFCU's promotional 2% CD rate is also appealing, and led me to sponsor membership for my father recently. They are an excellent institution to build a relationship with.
What is the Navy League method?