topic Re: NFCU in Credit Cards

NFCU

fishbjc — Sun, 20 Jan 2008 02:07:28 GMT

Brother-in-law is retired Navy. Does he need to be a member of the NFCU in order for us to join? Tnx.

Re: NFCU

Anonymous — Sun, 20 Jan 2008 02:12:54 GMT

yeppers

Re: NFCU

fishbjc — Sun, 20 Jan 2008 03:49:42 GMT

ok, now I have to get him to sign up. Should be easy, he's my best bud.

Re: NFCU

fishbjc — Sun, 20 Jan 2008 14:53:15 GMT

Brother-in-law IS a member...good deal, I'm IN. Now for an acceptance.

Re: NFCU

Anonymous — Sun, 20 Jan 2008 15:09:09 GMT

I'll let someone adopt me so I can get into NFCU and USAA

Re: NFCU

fishbjc — Sun, 20 Jan 2008 16:37:07 GMT

If I'm in, can I get someone else in, or is it strictly on their military standing?

Most of my immediate family was Marine.

Re: NFCU

Anonymous — Sun, 20 Jan 2008 17:00:11 GMT

I believe you immediate family is now eligible.

Spouse, Mother, father, brother, sister

fishbjc wrote:

If I'm in, can I get someone else in, or is it strictly on their military standing?

Most of my immediate family was Marine.

Re: NFCU

fishbjc — Sun, 20 Jan 2008 17:06:37 GMT

I guess I *can* adopt you Eddie.

Re: NFCU

Anonymous — Mon, 21 Jan 2008 02:20:04 GMT

Do they actually verify that you were once in the service? If you are non-military now, how do they verify that you were once mnay years ago in the service?

Re: NFCU

haulingthescoreup — Mon, 21 Jan 2008 02:22:20 GMT

I'd say that you go by your SSN now, or your service number if you were in earlier.

I'm a 53-year-old Army brat, and without any prompting at all, I can still recite my dad's SSN. In fact, I can come up with it more easily than I can my own, my husband's, or any of my my three kids' SSN's.

Re: NFCU

Anonymous — Mon, 21 Jan 2008 02:24:54 GMT

for NFCU does their service have to be just Navy or any military?

Re: NFCU

haulingthescoreup — Mon, 21 Jan 2008 02:40:30 GMT

Pretty sure it's Navy, including Marines, plus Navy contractors, Coast Guard, and Merchant Marines. This is from their site:

Eligibility Checklist

Navy Federal's Field of Membership is determined by the National Credit Union Administration (NCUA). If you are in any of these categories, you are eligible to join.

* All Department of the Navy (DON) Personnel—regardless of location or rank, including:

o Active duty Navy and Marine Corps
o Reservist, regardless of drilling status
o Civilian employees

* Contractors assigned to DON sites afloat or ashore
* Officer Candidate programs, NROTC, U.S. Naval Academy, U.S. Coast Guard Academy, U.S. Merchant Marine Academy
* U.S. Government—Military and civilian personnel employed by the U.S. Government assigned to, stationed at or working at a Navy installation, afloat or ashore
* Retired—from any of the categories listed above
* Family—including:
o Grandparents
o Parents
o Spouse
o Siblings
o Children (includes adopted, foster and stepchildren)
o Grandchildren
o Household Members

Once your family members have joined, they can extend the membership opportunity to their family members, too.

Because we have gone through this before on these forums, please let me observe that credit unions are membership organizations, and they are allowed to determine who meets their qualifications. This can include current employment, military status, religious affiliation, and so forth.

Re: NFCU

Anonymous — Tue, 29 Jan 2008 06:32:37 GMT

There is pros and cons. I am former spouse of Marine, and I have accounts and CC with them.

My Used Auto Loan APR is 5.9% for 6 years (72 months) and my nRewards CC APR is 7.9%. This used to be over 11%. And one day, when I call NFCU, CSR told me that I can request to reduce the APR once a year. So I request it in 2006 and it reduced to about 10%. And then I request it again in 2007, and guess what happen ... it reduced to 7.9%. I was not expected that will be happen, I was thinking it will be around 9%. It was a big ... HUGE jump. Good for me!!

Some of Pros;

* Once your APR went down to lowest APR on your CC, it will never go back-up again even market changes.

* Lower APR than others.

* You are eligible to vote for committee.

Some of Cons;

* Not many blanches.

* nRewards CC's reward program is not good as other CCs I have.

Re: NFCU

Anonymous — Tue, 29 Jan 2008 14:47:44 GMT

The Marine Corp is a part of the Navy so U should get into the NFCU with no problem.They are good for CLs_ I got 15K on my sign up with them.

Re: NFCU

phumanr — Tue, 29 Jan 2008 18:48:16 GMT

Yes, I agree...I got $15k mc, $15K Visa, and $15K LOC...my visa has been increased to $17,500 due to a BT request. Good people, moved all of my banking there.

Phumanr

Re: NFCU

MsKitty — Wed, 28 May 2008 03:23:19 GMT

is the only way to join to be in the service or to have a family member in the credit union? :-( I have neither. I do have a deceased bro. who was in the navy but nto in the credit union.

Re: NFCU

Anonymous — Wed, 28 May 2008 03:40:33 GMT

Since this was an older thread from early this year you should know they opened up to all DoD branches last week.

So no longer just Navy/Marines. If you have service connected disability and receive compensation you can get in also. I was Army and that is how I got accepted even though not retired it still counted.

MsKitty you can always give them a call can't hurt.

Message Edited by shreco on 05-27-2008 08:40 PM