topic Re: Getting into NavyFed in General Credit Topics

Getting into NavyFed

RaeRae1226 — Sat, 21 Dec 2024 20:32:03 GMT

Hey All,

My (deceased) uncle is the only one in my family that was in the military. I really want to join NavyFed but when I called they said that I'm not eligible on my own. My mother is eligible to join and if she did then I could join through her.

She's elderly and stubborn in her ways. I asked her if she'd join and I even offered to pay/put money into the account for her but she refuses.

Do I have any other options on how to get in? I've joined PenFed and they're good but I really really want to join NavyFed.

FYI I'm familiar the eligibility list on the site and I don't have anyone in my household that was in the military which is why I'm asking here if there may be other options.

Anyone have any recommendations?

Thanks!

Re: Getting into NavyFed

Jnbmom — Sat, 21 Dec 2024 20:38:08 GMT

Unfortunately no as you are aware of the guidelines and your way in would be from your mother .

Years ago you could get a different route but that door was shut quite some time ago .

Re: Getting into NavyFed

RaeRae1226 — Sat, 21 Dec 2024 20:42:28 GMT

@Jnbmom

What was the other way years ago?

Re: Getting into NavyFed

Jnbmom — Sat, 21 Dec 2024 20:54:13 GMT

@RaeRae1226 wrote:
@Jnbmom

What was the other way years ago?

It was the San Diego naval council but that loophole shut down I believe in 2018 maybe . No other ways then through guidelines on website

Re: Getting into NavyFed

RaeRae1226 — Sat, 21 Dec 2024 21:03:42 GMT

@Jnbmom

I just googled them. lol looks like it was a pretty popular loophole. They have a notice about it on their site. 😂

Re: Getting into NavyFed

Jnbmom — Sat, 21 Dec 2024 21:20:44 GMT

Yes as I said that was years ago only way in is the traditional way .

Re: Getting into NavyFed

citymunky — Sun, 22 Dec 2024 09:26:01 GMT

Go see your local recruiter.

Re: Getting into NavyFed

KatzNDawgs — Sun, 22 Dec 2024 14:36:11 GMT

You can also get in if anyone in the household is a member. So that could be an unrelated roomate (whether veteran or not), etc. Any buddies that are members that could sleep on your couch for a week?

Re: Getting into NavyFed

NoHardLimits — Sun, 22 Dec 2024 18:29:37 GMT

@KatzNDawgs wrote:
You can also get in if anyone in the household is a member. So that could be an unrelated roomate (whether veteran or not), etc. Any buddies that are members that could sleep on your couch for a week?

I joined NFCU earlier this month and happened to ask this question while I was in the branch. Officially, there would need to be proof of residency. They gave examples like driver's licenses with matching addresses, a property tax bill showing both owner's names, and a lease agreement showing both names. Unofficially, a referral from a current member might be enough though they might ask how much each person contributes to the household budget.

Re: Getting into NavyFed

Jnbmom — Sun, 22 Dec 2024 18:37:23 GMT

@KatzNDawgs wrote:
You can also get in if anyone in the household is a member. So that could be an unrelated roomate (whether veteran or not), etc. Any buddies that are members that could sleep on your couch for a week?

I am sorry but I do not recommend this way to sneak in . This is for military and their families and they earned that right , while yes household is acceptable this above us just shady and unethical.

Re: Getting into NavyFed

KatzNDawgs — Sun, 22 Dec 2024 21:49:24 GMT

@Jnbmom wrote:
@KatzNDawgs wrote:
You can also get in if anyone in the household is a member. So that could be an unrelated roomate (whether veteran or not), etc. Any buddies that are members that could sleep on your couch for a week?
I am sorry but I do not recommend this way to sneak in . This is for military and their families and they earned that right , while yes household is acceptable this above us just shady and unethical.

Oh, I get that - I am a veteran myself. Perhaps my tongue-in-cheek "sleep on your couch for a week" was taken a bit too literally. I was just emphasizing that for the options available for OP, if they did not want to actually enlist or get a military contract position, getting a household member (that would fall under the rules as per NFCU), would be the easier route.

Re: Getting into NavyFed

bluenote-lp — Wed, 25 Dec 2024 05:12:34 GMT

The fact that Navy League has it listed they are not affiliated with NFCU,and you joing them does not make you elibile,to jouin NFCU is pretty cut and dry that thousands took advantage of that loophole to the point that NFCU had to step in.This loophole was greatly bragged about on Y/TUBE, and people took advantage of it, like others have said it was closed and the only way in is thru regualr channels of a relative of someone already in, or being current or private military.

Re: Getting into NavyFed

Realist — Thu, 26 Dec 2024 13:15:21 GMT

I see a lot of people wanting to get into Navyfed, but I'd like to ask what's the draw?

We used Navyfed as a mortgage provider, but their rates were highly situational. When we were best elsewhere, they didn't compete. When they were the best, we were six annual refinances later, securing a fantastic rate. They weren't our number one when shopping around, so I wonder why the draw.

They are slow. Either snail slow, or highly, and overly highly secure that moves at a snails pace. We locked in a 2.xx%, but it took forever.

I would say it's a nice to have, but not a necessity.

Re: Getting into NavyFed

coldfusion — Mon, 30 Dec 2024 14:03:00 GMT

@Jnbmom wrote:
@RaeRae1226 wrote:
@Jnbmom

What was the other way years ago?
It was the San Diego naval council but that loophole shut down I believe in 2018 maybe . No other ways then through guidelines on website

For completeness, they closed the Navy League loophole effective May 5 2017. Longish story on how I know this.

Re: Getting into NavyFed

Horseshoez — Mon, 30 Dec 2024 15:51:41 GMT

@Realist wrote:
I see a lot of people wanting to get into Navyfed, but I'd like to ask what's the draw?

I believe the main draw is very liberal credit card limits and low interest rates; I joined last year and applied for a credit card back in May, my first (and so far only card from them) came with a $30,000 starting limit.

Re: Getting into NavyFed

RaeRae1226 — Mon, 30 Dec 2024 16:18:55 GMT

@Horseshoez

Im so intrigued by you and have so many questions:

- How do you like the TD Bank Cash Visa card?

- Why do you refuse to do AZEO!???

- Why are PenFed and Savor One in the sock drawer?????

I have so many questions. 😂

Re: Getting into NavyFed

Horseshoez — Mon, 30 Dec 2024 17:34:02 GMT

@RaeRae1226 wrote:
@Horseshoez

Im so intrigued by you and have so many questions:

- How do you like the TD Bank Cash Visa card?
- Why do you refuse to do AZEO!???
- Why are PenFed and Savor One in the sock drawer?????

I have so many questions. 😂

LOL...

I like my TDCash card a lot for many reasons; it started as my first secured card after my Chapter 13 discharge, graduated after 6-months, and has since grown to $11,500. Even with the other cards I have, it still gets the heaviest usage, if for no other reason than I bank with TDBank and that makes the card super easy to manage.

Practicing AZEO is a pain in the back side; what I do instead is pay all of my cards to zero before the due date and assume a latent charge or two will post before my next statement; most months show one or two cards with balances, sometimes more, sometimes I get hit with the dreaded "All-Zero" (AZ) penalty and my scores drip ~20 points. The only time I actively practiced AZEO was in the few months leading up to applying for a mortgage this past spring.

The PenFed card is in the sock drawer because the points are a pain to redeem and the SavorOne has joined it because CapOne has refused to increase my credit limit in the 3.5 years since I got it (even though they were more than happy to throw auto-CLIs at my Quicksilver card).