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NFCU membership question

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ghgirll40
New Contributor

Re: NFCU membership question


@summerterrace wrote:

2.8 million people work for DOD either through the military or as a civilian, each of them are entitled to join in their own right and then can invitie their spouses, children, parents, etc.  Also if you had a parent, grandparent, sibiling or spouse who served in the military or who currently work for DOD they can also join.  Navy has around 10 million members out of an American population of 330 million so it's still a small footprint overall.


Over 11 million as of January 😁

|EX 718|TU 684|EQ 708| Sofi Personal Loan/Toyota Financial Car Loan/Sofi Student Loan
Message 11 of 13
Anonymous
Not applicable

Re: NFCU membership question


@Anonymalous wrote:

Only about 0.5% of Americans are currently in the military, but if you include all those who have served the number increases to 7%. If we include people who have an immediate family member who is a vet, that jumps to 77% among Americans who are 50 and older. This is largely due to the draft -- these are children of Vietnam War vets. This percentage drops steeply in younger age cohorts, as the country shifted to voluntary service (57% in those 30-49, 33% in those 18-29), but Navy Fed allows the grandchildren of those who served to become members. So that 57% is likely to be close to 77%, and the 33% is likely to be close to 57%.

 

In other words, it's a safe bet more than 2/3rds of people in the country qualify for membership with Navy Fed.

 

The data is all from a Pew Research poll in 2011:

https://www.pewresearch.org/social-trends/2011/11/23/the-military-civilian-gap-fewer-family-connecti...


Yes, the qualification net grows quite quickly.  When I joined this forum and heard all the praise of NFCU I thought that would be good but I can't get in...  I was very briefly tempted with the loophole, but didn't bother.   Then I realized that my wife's father had been in USMC, so she could join, and then so could I, even though I am an alien (who fought against US troops in 1812, well, I was young then).   That is how they grow.....

Message 12 of 13
Rottweilerlvr
Contributor

Re: NFCU membership question

I'm a Veteran and Federal employee. When I served I used USAA and left them when the wouldn't remove my ex from the joint account, that was initially mine. Joined Navy in 2020 and haven't looked back. They've been really good to me. 

Message 13 of 13
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