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  2. Northwest Federal Credit Union

Northwest Federal Credit Union


Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.76%2-year CD2 Year Share Certificate
1.65% - Synchrony Bank 24 Month CD
2.27%5-year CD5 Year Share Certificate
2.35% - Synchrony Bank 60 Month CD
1.51%1-year CD1 Year Share Certificate
1.50% - Ally Bank No Penalty 11-Month CD
View all Northwest Federal Credit Union rates ยป

Overview / Commentary
nwfcu.org
703-709-8900
200 Spring St
Herndon, VA 20170

Northwest Federal Credit Union is headquartered in Herndon and is the 4th largest credit union in the state of Virginia. It is also the 58th largest credit union in the nation. It was established in 1947 and as of June of 2017, it had grown to 483 employees and 243,365 members at 8 locations. Northwest Federal Credit Union's money market rates are 93% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in Northwest Federal Credit Union is open to anyone by joining the Florida Literacy Coalition ($10 membership fee). Membership is also open to employees of the Central Intelligence Agency, the National Reconnaissance Office, office of the Director of National Intelligence, personnel assigned or detailed to the Department of Homeland Security and people retired from these agencies and to employees of member companies and members of partner organizations.
See current membership details

Related Posts

Northwest FCU Raises Longer-Term Rates - 7/26/2017

Northwest FCU quietly raised rates yesterday on 3/4/5 year terms: APY for the 3 rate tiers: 3 years 1.71 1.81 1.91 4 years 1.81 1.91 2.01 5 years 2.12 2.22 2.27

NWFCU 30-Month Celebration Special No Longer Listed - 7/5/2017

The Northwest FCU 30-month CD special is no longer listed on the web site.

Northwest FCU Ups Rates On 1- And 2-Year Share Certificates - 6/2/2017

Northwest FCU has raised the rates on its nationally available 1-year CD (up to 1.51% APY, $250k+) and 2-year CD (up to 1.76% APY, $250k).

View all posts from:


Reviews (16)

Great Credit Union with Great Ammenities!

Posted by: dixiebartlett2 | Apr 26, 2017

North West Federal Credit Union is the best banking institution or credit union that I have ever dealt with. They are very knowledgeable about their products and offerings and I always feel welcome when I go. I get the best interest on my student savings account and the best of all is that it compounds daily! At my other bank I do not receive the attention I get like here. One thing I would say for them to do better on is their online customer service. Once I ordered a new card for my checking account and did not receive it for over two months. That is just unacceptable! I really like their checking also because they do not charge me for overdraft fees. Another thing I would like to see is if they had more branches so I would be able to access them more often. Overall, I have been extremely satisfied with their savings and checking accounts that I have open at the credit union, and I plan to do more business with them in the future.

1

Great CD Rates...But That's Not All

Posted by: celticbhoy | Apr 14, 2017

This credit union has outstanding CD rates and great customer service. I have read a lot of the other reviews on here and cannot say that I have had the same experiences they have. The one thing that is not great about this credit union is their technology. The online experience is lacking from the website (newly updated) to the process to open a new account, but the member service from their call center representatives is phenomenal. I even brought my car loan here because of their service and low rates.

1

Awesome small credit union

Posted by: latricebradshaw | Jun 1, 2017

I believe that Northwest Federal Credit Union is a great small credit union in Northern Virginia. This credit union has awesome customer service and it continues to be available when I am in need of great customer service. This credit union typically has a great response to all of my needs. This credit union also has low fees however the transfer between a different bank account can take a long time. I've been with Northwest Federal Credit Union for about 5 years now and I have really enjoyed being a member. This credit union gives you a great small town vibe in a big city environment. This bank has really been there for me when I needed them.

Joining this credit union has been the best financial decision I've made in a while.

1

NO Customer Service At ALL

Posted by: Sheryl Montgomery | Oct 4, 2016

I've been trying to open a $50,000 cd at this Credit Union. I've so far invested almost 2hrs yesterday. And still it isn't done. I've been on hold trying to contact them for over 1hour so far. I would definitely discourage anyone to do business with them. Customer service is nonexistent . UPDATE: We did finally connect with customer service. Must have been a glitch with there incoming calls. I received an apology which was greatly appreciated. However, your website is just not that user friendly for new accounts. Needs some tweaking for sure.

4
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Health
A

Data as of Q2 2017

Learn why bank health matters

Health Grade Components

Overall
NCUA #5500
Year Chartered1947
Employees483
Primary Regulator
Profit Margin
Return on Assets - YTD0.57%
Return on Equity - YTD5.88%
Annual Interest Income$57.9MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$3.26B$3.04B
LoansQ2 2017vs Q2 2016$2.38B$1.83B
DepositsQ2 2017vs Q2 2016$2.79B$2.57B
Equity CapitalQ2 2017vs Q2 2016$315.3MM$299.0MM
Loan Loss AllowanceQ2 2017vs Q2 2016$17.5MM$19.4MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$19.5MM$9.8MM
Real Estate OwnedQ2 2017vs Q2 2016$305.00K$132.00K
User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

Northwest FCU Raises Longer-Term Rates

CapitalClimate |
Northwest FCU quietly raised rates yesterday on 3/4/5 year terms:
APY for the 3 rate tiers:
3 years 1.71 1.81 1.91
4 years 1.81 1.91 2.01
5 years 2.12 2.22 2.27
4

NWFCU 30-Month Celebration Special No Longer Listed

CapitalClimate |
The Northwest FCU 30-month CD special is no longer listed on the web site.
2

Rates
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Always verify rates and promotions with the bank or credit union. We are not Northwest Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Northwest Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.27%*-$1,500Youth Club Share Savings
OTHER TIERS: 0.25% → $1,500+
0.30%--Share IRA
0.30%--Share Roth IRA
0.30%--Share Education IRA
0.25%--Share Savings
0.25%--Savings Club

Northwest Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.85%*$250k*-Money Market
OTHER TIERS: 0.10% → Up to $2,500 | 0.45% → $2,500 - $25k | 0.55% → $25k - $50k | 0.65% → $50k - $100k | 0.75% → $100k - $250k

Northwest Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%--Elite Checking > $1k Monthly Deposits
0.10%--Elite Checking < $1k Monthly Deposits

Northwest Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.27%*$250k*-5 Year Share Certificate
OTHER TIERS: 2.12% → $1k - $100k | 2.22% → $100k - $250k
2.27%*$250k*-Business 5 Year Share Certificate
OTHER TIERS: 2.12% → $1k - $100k | 2.22% → $100k - $250k
2.01%*$250k*-4 Year Share Certificate
OTHER TIERS: 1.81% → $1k - $100k | 1.91% → $100k - $250k
2.01%*$250k*-Business 4 Year Share Certificate
OTHER TIERS: 1.81% → $1k - $100k | 1.91% → $100k - $250k
1.91%*$250k*-3 Year Share Certificate
OTHER TIERS: 1.71% → $1k - $100k | 1.81% → $100k - $250k
1.91%*$250k*-Business 3 Year Share Certificate
OTHER TIERS: 1.71% → $1k - $100k | 1.81% → $100k - $250k
1.76%*$250k*-2 Year Share Certificate
OTHER TIERS: 1.56% → $1k - $100k | 1.66% → $100k - $250k
1.76%*$250k*-Business 2 Year Share Certificate
OTHER TIERS: 1.56% → $1k - $100k | 1.66% → $100k - $250k
1.51%*$250k*-1 Year Share Certificate
OTHER TIERS: 1.31% → $1k - $100k | 1.41% → $100k - $250k
1.51%*$250k*-Business 1 Year Share Certificate
OTHER TIERS: 1.31% → $1k - $100k | 1.41% → $100k - $250k
1.05%*$250k*-6 Month Share Certificate
OTHER TIERS: 0.85% → $1k - $100k | 0.95% → $100k - $250k
1.05%*$250k*-Business 6 Month Share Certificate
OTHER TIERS: 0.85% → $1k - $100k | 0.95% → $100k - $250k
0.95%$500-2 Year Add-On Certificate
0.95%$500-Business 2 Year Add-On Certificate
0.70%*$250k*-3 Month Share Certificate
OTHER TIERS: 0.50% → $1k - $100k | 0.60% → $100k - $250k
0.70%*$250k*-Business 3 Month Share Certificate
OTHER TIERS: 0.50% → $1k - $100k | 0.60% → $100k - $250k
0.60%$500-1 Year Add-On Certificate
0.60%$500-Business 1 Year Add-On Certificate
0.55%$100-1 Year Youth Add-On Certificate

Northwest Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.27%*$250k*-5 Year IRA Certificate
OTHER TIERS: 2.12% → $1k - $100k | 2.22% → $100k - $250k
2.01%*$250k*-4 Year IRA Certificate
OTHER TIERS: 1.81% → $1k - $100k | 1.91% → $100k - $250k
1.91%*$250k*-3 Year IRA Certificate
OTHER TIERS: 1.71% → $1k - $100k | 1.81% → $100k - $250k
1.76%*$250k*-2 Year IRA Certificate
OTHER TIERS: 1.56% → $1k - $100k | 1.66% → $100k - $250k
1.51%*$250k*-1 Year IRA Certificate
OTHER TIERS: 1.31% → $1k - $100k | 1.41% → $100k - $250k
1.05%*$250k*-6 Month IRA Certificate
OTHER TIERS: 0.85% → $1k - $100k | 0.95% → $100k - $250k
0.95%$500-2 Year Add-On IRA Certificate
0.70%*$250k*-3 Month IRA Certificate
OTHER TIERS: 0.50% → $1k - $100k | 0.60% → $100k - $250k
0.60%$500-1 Year Add-On IRA Certificate
0.55%$100-1 Year Youth Add-On IRA Certificate
Locations


Northwest Federal Credit Union Locations
Branch Office9730 Liberia AveManassas, VA 20110
Branch Office231 Maple Ave EVienna, VA 22180
Branch Office200 Spring StHerndon, VA 20170
Branch Office14419 Chantilly Crossing LnChantilly, VA 20151-2116
Branch Office525 Trimble Plz SELeesburg, VA 20175-5437
Branch Office7500 Webb DrGainesville, VA 20155
Branch Office2545 Centreville Rd Ste Q18Herndon, VA 20171-3158
Corporate Office200 Spring StHerndon, VA 20170