Membership Savings Account
To establish and maintain membership with Navy Federal Credit Union, individuals are required to open a Membership Savings Account with a minimum balance of $5.00.
Key Facts
- Membership Eligibility:
- Navy Federal Credit Union is open to servicemembers, veterans of any branch of the armed forces, Department of Defense employees, and their immediate family members and household members.
- To join, you can apply online, visit a branch in person, or contact them by phone.
- You will need to provide personal information such as your social security number, driver’s license or government ID, and a method to fund your account, such as a credit card or bank account and routing number.
- Membership Savings Account:
- To establish and maintain membership with Navy Federal Credit Union, you are required to open a Membership Savings Account with a minimum balance of $5.
Fees and Charges
Navy Federal Credit Union is a not-for-profit organization that strives to maintain low fees and charges for its members. Specific fees and charges may vary depending on the type of account or service utilized.
Sources
- Navy Federal Credit Union: Become a Member
- Navy Federal Credit Union: Fees & Charges
- Navy Federal Credit Union: Membership Eligibility
FAQs
Is there a fee to join Navy Federal Credit Union?
No, there is no fee to join Navy Federal Credit Union.
What are the eligibility requirements to join Navy Federal Credit Union?
To be eligible for membership, you must be a servicemember, veteran, Department of Defense employee, or an immediate family or household member of an eligible person.
What do I need to provide to join Navy Federal Credit Union?
To join Navy Federal Credit Union, you will need to provide your social security number, driver’s license or government ID, and a method to fund your account, such as a credit card or bank account and routing number.
What type of account do I need to open to join Navy Federal Credit Union?
To establish and maintain membership with Navy Federal Credit Union, you are required to open a Membership Savings Account with a minimum balance of $5.
Are there any monthly fees associated with Navy Federal Credit Union accounts?
Monthly fees may vary depending on the type of account you open. Some accounts, such as the Flagship Checking account, have a monthly fee if the average daily balance falls below $1,500.
What are the benefits of joining Navy Federal Credit Union?
Benefits of joining Navy Federal Credit Union include access to competitive rates on loans and savings accounts, low fees, convenient banking options, and member-exclusive discounts.
Can I join Navy Federal Credit Union if I am not in the military?
Yes, you can join Navy Federal Credit Union if you are an immediate family or household member of an eligible person, such as a servicemember, veteran, or Department of Defense employee.
How do I join Navy Federal Credit Union?
You can join Navy Federal Credit Union online, by visiting a branch in person, or by contacting them by phone.