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The
Credit Union Difference
 s
a member of a credit union, you enjoy the benefits of an institution
that believes effective service must be grounded in a not-for-profit,
member-owned, cooperative spirit. Using traditional credit union values,
Navy Federal provides members with the products and services to help
them gain economic independence.
We are different from other types of financial institutions. Here's
how.
As
a cooperative, Navy Federal is member-owned
This principle is at the heart of your credit union's success. We are
owned and governed by you. We exist solely to provide you with a safe,
convenient place to save, loans at reasonable rates and other important
financial services.
As
a not-for-profit, we share the wealth
Because Navy Federal is owned by the people who save and borrow here,
there are no stockholders to be paid. Instead of paying stockholders-as
banks do-the benefits of success stay within your credit union. Earnings
go back to you, the member, in the form of lower loan and credit card
rates, competitive rates on savings, lower fees, better service and
improved access. Our free, no-minimum-balance Sharechek checking account
is just one example of how you benefit from our not-for-profit status.
Understanding
your needs
Our membership is composed of active and retired Navy and Marine Corps
military personnel, Department of the Navy civilian employees and their
families. When you become a Navy Federal member, your relatives (grandparents,
parents, spouse, brother, sisters, children, grandchildren) also become
eligible for lifetime membership. And because our members share a common
bond with our sponsor, the Department of the Navy, we can better understand
and serve their unique lifestyle needs. At Navy Federal, service means
helping you stay in touch with your credit union 24/7-wherever you are.
Financial
services for less
Navy Federal offers you an array of services comparable to what you'd
expect from a big bank, but with lower or no fees, lower minimum opening
balance requirements on savings and more competitive rates.
Lifetime
membership
As long as you don't close your account, your Navy Federal membership
lasts a lifetime. You can leave the service, get married, move, change
jobs or retire.
The benefit of membership is something you never have to lose.
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