NFCU

[noonway]

The past several days I've been researching all of the federal credit unions and so far it looks like the best one to go with would be Navy. Only one slight problem with that is that I didn't know anyone in my family who had military service. 

Lo and behold my dad spoke to me today and apparently my granddad served in WWII in the newly formed Air Force. I literally had no idea! Looks like there might be NFCU in my future after all.

Any advice on how to start out? I'm definitely planning a savings account but I already have plenty of loans so I don't really need to do an SSL yet. Does the amount you put into a savings account with them matter at all when trying to get other instruments? For example I'm looking to refinance my auto loans next March and also thinking about turning a HELOC into a fixed loan. 

Thanks in advance for any advice!

[pizzadude]

I wouldn't worry too much about the amount in your savings account.   It's really up to you how much you want to keep there, same if you decide to also open a checking account.  

In my experience I only had a savings account with small ( prob under $100 ) balance when I applied for CCs with NFCU and was approved for 2 cards, both now have limits north of $20K

[FicoMike0]

I'm new to navy, but I understand they are big on relationships. I opened savings and checking, I'm going to do a direct deposit there and use them to pay bills.

[noonway]

@pizzadude if you don't mind me asking which cards did you go with and what were your initial CLs?

[AverageJoesCredit]

In my experience just be you. Navy values it's members and usually comes through for us in the end even if it starts off slow. Some swear by the take all the products, loans, deposits, cos, etc while others like me just let their credit speak for themselves. No method wrong  but don't force it.  Enjoy

[Tdatb64]

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@noonway wrote:

The past several days I've been researching all of the federal credit unions and so far it looks like the best one to go with would be Navy. Only one slight problem with that is that I didn't know anyone in my family who had military service. 

Lo and behold my dad spoke to me today and apparently my granddad served in WWII in the newly formed Air Force. I literally had no idea! Looks like there might be NFCU in my future after all.

Any advice on how to start out? I'm definitely planning a savings account but I already have plenty of loans so I don't really need to do an SSL yet. Does the amount you put into a savings account with them matter at all when trying to get other instruments? For example I'm looking to refinance my auto loans next March and also thinking about turning a HELOC into a fixed loan. 

Thanks in advance for any advice!

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Actually, in WWII it was still the Army Air Force, not becoming a separate service 'til 1947. My grandpa was heavy bomber pilot separated after the conclusion of the war who went into the Air Force when the Korean Conflict broke out & stayed 'til they made him retire. He was also my way into NFCU about a month ago. They never asked me to send them a copy of his DD 214, 'though I told them I had it. The young lady I spoke to was very nice & helpful. She tried to upsell me on the Platinum card but I declined (not yet 6 months since my last card - Cap1 Savor). In another month or so I may be looking into their products so I'll be keeping an eye on your progress if you decide to take the plunge.

Good luck and, please, keep us informed!

[coldfusion]

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@Tdatb64 wrote:

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@noonway wrote:

The past several days I've been researching all of the federal credit unions and so far it looks like the best one to go with would be Navy. Only one slight problem with that is that I didn't know anyone in my family who had military service. 

Lo and behold my dad spoke to me today and apparently my granddad served in WWII in the newly formed Air Force. I literally had no idea! Looks like there might be NFCU in my future after all.

Any advice on how to start out? I'm definitely planning a savings account but I already have plenty of loans so I don't really need to do an SSL yet. Does the amount you put into a savings account with them matter at all when trying to get other instruments? For example I'm looking to refinance my auto loans next March and also thinking about turning a HELOC into a fixed loan. 

Thanks in advance for any advice!

---

Actually, in WWII it was still the Army Air Force, not becoming a separate service 'til 1947. My grandpa was heavy bomber pilot separated after the conclusion of the war who went into the Air Force when the Korean Conflict broke out & stayed 'til they made him retire. He was also my way into NFCU about a month ago. They never asked me to send them a copy of his DD 214, 'though I told them I had it. The young lady I spoke to was very nice & helpful. She tried to upsell me on the Platinum card but I declined (not yet 6 months since my last card - Cap1 Savor). In another month or so I may be looking into their products so I'll be keeping an eye on your progress if you decide to take the plunge.

Good luck and, please, keep us informed!

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caveat:  NFCU sometimes does loop back after membership is established and requests submision proof of membership eligibility; when they do that the members accounts are frozen until proof is provided.

[noonway]

@Tdatb64Looks like you and I are in similar boats! And since I just hit full Member today, I thought I would share this neat certificate. My granddad started in Fort Knox in the Armor Division driving tanks. He was moved to the Army Air Force, became an officer, and was shipped to Italy as a Navigator in the 455th Bomb Group. He later retired as an LTC.

[MissLiz]

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@noonway wrote:
@Tdatb64Looks like you and I are in similar boats! And since I just hit full Member today, I thought I would share this neat certificate. My granddad started in Fort Knox in the Armor Division driving tanks. He was moved to the Army Air Force, became an officer, and was shipped to Italy as part of the 455th Bomb Group. He later retired as an LTC.

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That is super cool!

[pizzadude]

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@noonway wrote:

@pizzadude if you don't mind me asking which cards did you go with and what were your initial CLs?

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I applied for the Platinum card first, then later ( maybe 6 mo or 1 year ) the Go Rewards card.  

Both initial CLs were in the neighborhood of $8-$10K which was much higher than any other card I had open at the time.