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New Member


for NFCU does their service have to be just Navy or any military?
Message 11 of 17
Moderator Emerita


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.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Message 12 of 17
Valued Contributor


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!!  Smiley Very Happy
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.
It's very tough with small income ~ The Rewards are big little helper to me.
Message 13 of 17
New Contributor


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.
Message 14 of 17
Frequent Contributor


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


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.
Message 16 of 17
Regular Contributor


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
FICO TU 730 EQ 731 EX 706
Message 17 of 17