All You Need to Know About the Navy Federal Credit Union

By K. K. , last updated January 10, 2012

Regulated by the U.S. federal government's National Credit Union Administration and serving more than three million credit union members, the Navy Federal Credit Union is the largest credit union in the world. The Navy Federal Credit Union offers more than 200 branches and more than 400 ATMs located throughout the United States and abroad, and is headquartered in Vienna, Virginia. Despite the credit union's name, membership has expanded over the years to include all U.S. Department of Defense entities.

Membership Eligibility

The National Credit Union Administration determines membership of the Navy Federal Credit Union. However, there are a vast variety of categories to determine your eligibility. All uniformed Department of Defense personnel are eligible to join the credit union, including every branch of the U.S. military, from the Army, Navy, and Marines to the Air Force. Eligible personnel can be active duty or retired. All active or retired reservists, all civilian and retired Army and Air National Guard personnel, Delayed Enlistment Personnel, all officer candidates, U.S. Coast Guard personnel, and Department of Defense civilian employees and contractors are eligible to join the Navy Federal Credit Union.

Family Members

Family members of eligible personnel also are able to join the Navy Federal Credit Union. The National Credit Union Association defines eligible family members as spouses, children, including stepchildren and adopted children, siblings, parents, grandparents, grandchildren, and other household members. Eligibility is far reaching because once a family member joins, then eligibility extends to his or her family members.


There are many benefits to joining the Navy Federal Credit Union, including dividend-earning deposit and checking accounts, rebates for ATM usage, free home buying and financial planning services and military exclusive loan programs that offer discounted interest rates. The most popular and well-known program is the Veterans Administration home mortgage loan program. A VA home loan provides 100 percent financing and fixed-rate loans.

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