Neighbors Credit Union Info + Review
Neighbors Credit Union will be our focus today. We’re going to cover a lot of important info about this Missouri CU. That’ll include their products, rates, and more to help you decide if they are the right place to work with. At the end of this article, you can also contribute your own review of NCU.
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*Routing #:281082384
*Phone #: 314-892-5400
A Little History On Neighbors Credit Union
This non-for-profit financial institution was formed March 16, 1928. They were a little bit ahead of their time, a lot of CU’s were formed during depression-era times. Originally, this credit union was just for postal workers and probably their families.
Today, they have grown pretty big and have assets of just under $500 dollars, according to the NCUA database.
They are also part of the CO-OP ATM network, so, you can find over 30,000 surcharge-free ATMs of theirs nationwide.
Do They Give Back?
Neighbors Credit Union supports a ton of different community organizations. Those include big ones like the Alzheimer’s Association or St. Jude’s Children’s Research Hospital and smaller local ones like St. Louis Pet Rescue and South County Kiwanis.
Membership Requirements at Neighbors Credit Union
If you want to join NCU, then you will need to meet some requirements. Those include if you or a relative lives or works within St. Louis City or County, Jefferson County, St. Charles County, Madison County, Monroe County, or St. Clair County.
There are a lot of employee groups that can qualify you, like working for Costco or the Scottrade center. Frankly, there’s too many to list, so just look at their page of them here.
Products at NCU
Neighbors Credit Union offers the full spectrum of products you would find at a big bank or other credit union. That includes products for checking, savings, investments, loans, credit cards, insurance, and various business services.
They also have some unique products and services, like their ClickSWITCH offering, which allows someone to easily switch to NCU from their old financial institution. Their checking accounts are the Simple Checking Account, Interest Checking Account, Basic Business Checking, Preferred Business Checking, Premier Business Checking. Debit cards are also available.
The personal savings accounts at Neighbors Credit Union are their Regular Savings Account, Escrow Savings Account, Christmas Club, and Your Extra Savings (Y.E.S.) Club. You can also find CDs, IRAs, and Money Market Accounts.
Clubs and Credit Cards at Neighbors Credit Union
NCU has offerings that they call “Clubs” which all look like they’re basically different kinds of savings accounts. Some of them, like the S.M.A.R.T. Student Club, also provides educational resources to people age 0-22 so they can get “the right foundation” for their finances, according to the website.
Something pretty unique about the S.M.A.R.T. club is how there’s a 10.00% Annual Percentage Yield on the first $1,000 deposited into the account. I like that a lot since it will help kids really understand the power of investing their money.
You can choose from three major Visa cards at Neighbors Credit Union. Those include the Visa Platinum Breeze Credit Card, and the Visa Platinum Secured Card.
Business and Insurance
Their business products and services include checking, money market accounts, loans, credit cards, online banking, and business merchant services. Business loans at NCU cover things like commercial real estate, residential real estate, construction, motor vehicle, machinery, equipment, term, business line-of-credit, stand by letters of credit and others.
Insurance products include deposit insurance, loan insurance, accidental death & dismemberment insurance, life insurance, and hospital accident plans (HAPs).
The Hospital Accident Plan gives you benefits if a covered accidents puts you in the hospital. Those include cash benefits of $1,800 a day in Intensive Care Confinement and $900 a day Hospital Confinement. I don’t think I’ve seen another CU that offers this type thing, that’s very unique and potentially useful.
Rates at Neighbors Credit Union
(rates are all subject to change without notice, always double check with NCU on their own website about rates before making major decisions)
| Savings | Minimum Balance | Dividend Rate | APY1 |
|---|---|---|---|
| Regular Share | $101 | 0.05% | 0.05% |
| Escrow2 | $101 | 0.10% | 0.10% |
| IRA | $0 – $9,999 | 0.10% | 0.10% |
| $10,000 – $24,999 | 0.15% | 0.15% | |
| $25,000 – $49,999 | 0.15% | 0.15% | |
| $50,000 – $74,999 | 0.20% | 0.20% | |
| $75,000 – $99,999 | 0.25% | 0.25% | |
| $100,000 and above | 0.30% | 0.30% | |
| Visa Share | 0.05% | 0.05% | |
| S.M.A.R.T. Student Club | $1 – $1,000 | 9.57% | 10.00% |
| $1000.01 and above | 0.25% | 0.25% | |
| Christmas Club21 | $5 | 0.15% | 0.15% |
| Y.E.S. Club21 | $5 | 0.15% | 0.15% |
| Checking | Minimum Balance | Dividend Rate | APY1 |
|---|---|---|---|
| Simple Checking | $0 | 0.00% | 0.00% |
| Interest Checking3 | $2,500 | 0.30% | 0.30% |
| Benefits Checking4 | 0 | 0.15% | 0.15% |
| Business Checking | $0 | 0.00% | 0.00% |
| Money Market | Minimum Balance | Dividend Rate | APY1 |
|---|---|---|---|
| Money Market Maximizer22 | |||
| $2,000 – $9,999 | 0.10% | 0.10% | |
| $10,000 – $24,999 | 0.10% | 0.10% | |
| $25,000 – $49,999 | 0.15% | 0.15% | |
| $50,000 – $74,999 | 0.20% | 0.20% | |
| $75,000 – $99,999 | 0.20% | 0.20% | |
| $100,000 – $149,999 | 0.30% | 0.30% | |
| $150,000 + | 0.30% | 0.30% | |
| Business Money Market22 | |||
| $2,000 – $9,999 | 0.15% | 0.15% | |
| $10,000 – $24,999 | 0.20% | 0.20% | |
| $25,000 – $49,999 | 0.25% | 0.25% | |
| $50,000 – $74,999 | 0.30% | 0.30% | |
| $75,000 – $99,999 | 0.35% | 0.35% | |
| $100,000 – $149,999 | 0.40% | 0.40% | |
| $150,000 + | 0.45% | 0.45% |
| Certificates of Deposit (CD)20 | Minimum Deposit | Dividend Rate | APY1 |
|---|---|---|---|
| 6 Month | $1,000 | 0.20% | 0.20% |
| 12 Month | $1,000 | 0.30% | 0.30% |
| 18 Month | $1,000 | 0.30% | 0.30% |
| 24 Month | $1,000 | 0.40% | 0.40% |
| 30 Month | $1,000 | 0.45% | 0.45% |
| 36 Month | $1,000 | 0.50% | 0.50% |
| 48 Month | $1,000 | 0.60% | 0.60% |
| 60 Month | $1,000 | 0.75% | 0.75% |
| 84 Month | $1,000 | 0.95% | 0.95% |
| 12 Month Save to Win CD | $25 | 0.30% | 0.30% |
| 12 Month Investment Builder | $100 (with direct deposit) | 0.15% | 0.15% |
| 12 Month Investment Builder | $100 (without direct deposit) | 0.05% | 0.05% |
| 48 Month Bump Rate6 | $1,000 | 0.45% | 0.45% |
| 60 Month Bump Rate6 | $1,000 | 0.60% | 0.60% |
| 12 Month IRA | $1,000 | 0.30% | 0.30% |
| 24 Month IRA | $1,000 | 0.40% | 0.40% |
| 36 Month IRA | $1,000 | 0.50% | 0.50% |
| 48 Month IRA | $1,000 | 0.60% | 0.60% |
| 60 Month IRA | $1,000 | 0.75% | 0.75% |
| 84 Month IRA | $1,000 | 0.95% | 0.95% |
| Auto Loans | Terms | APR without checking & direct deposit7 | APR with checking & direct deposit7 |
|---|---|---|---|
| Refinance Auto 2020-202213 | up to 36 months | 1.99% | 1.99% |
| Refinance Auto 2020-202213 | up to 48 months | 2.49% | 2.24% |
| Refinance Auto 2020-202213 | up to 63 months | 2.49% | 2.24% |
| Refinance Auto 2020-202213 | up to 72 months | 3.49% | 3.24% |
| Refinance Auto 2020-202213 | up to 84 months | 4.49% | 4.24% |
| Refinance Auto 2015-201913 | up to 36 months | 2.49% | 2.24% |
| Refinance Auto 2015-201913 | up to 48 months | 2.99% | 2.74% |
| Refinance Auto 2015-201913 | up to 63 months | 2.99% | 2.74% |
| Refinance Auto 2015-201913 | up to 72 months | 3.74% | 3.49% |
| New/Used 2020-2022 Models8 | up to 36 months | 1.99% | 1.99% |
| New/Used 2020-2022 Models8 | up to 48 months | 2.49% | 2.24% |
| New/Used 2020-2022 Models8 | up to 63 months | 2.49% | 2.24% |
| New/Used 2020-2022 Models8 | up to 72 months | 3.49% | 3.24% |
| New/Used 2020-2022 Models8 | up to 84 months | 4.49% | 4.24% |
| Used 2015-2019 Models9 | up to 36 months | 2.49% | 2.24% |
| Used 2015-2019 Models9 | up to 48 months | 2.99% | 2.74% |
| Used 2015-2019 Models9 | up to 63 months | 2.99% | 2.74% |
| Used 2015-2019 Models9 | up to 72 months | 3.74% | 3.49% |
| Motorcycle Loans | Terms | APR7 |
|---|---|---|
| 2008 or newer | up to 60 months | 4.99% |
| RV Loans | Terms | APR19 |
|---|---|---|
| $2,500 -$9,999 | up to 84 months | 6.24% |
| $10,000 – $14,999 | up to 120 months | 6.49% |
| $15,000 – $24,999 | up to 144 months | 6.99% |
| $25,000 + | up to 180 months | 7.74% |
| Boat Loans | Terms | APR19 |
|---|---|---|
| $2,500 -$9,999 | up to 60 months | 6.24% |
| $10,000 – $14,999 | up to 120 months | 6.49% |
| $15,000 – $24,999 | up to 144 months | 7.24% |
| $25,000 + | up to 180 months | 7.74% |
| Home Equity Loans | Terms | APR without checking & direct deposit15 | APR with checking & direct deposit15 |
|---|---|---|---|
| Home Equity Line-of-Credit (HELOC) 10 | Open end | 2.95% | 1.99% |
| HELOC 3-Year Fixed Intro17 | Open end | 3.95% | n/a |
| First Lien Fixed Home Equity11 | Closed End 60 Months | 3.50% | 3.25% |
| First Lien Fixed Home Equity11 | Closed End 96 Months | 3.75% | 3.50% |
| First Lien Fixed Home Equity11 | Closed End 120 Months | 3.99% | 3.74% |
| First Lien Fixed Home Equity11 | Closed End 144 Months | 3.99% | 3.74% |
| First Lien Fixed Home Equity11 | Closed End 180 Months | 2.99% | 2.74% |
| First Lien Fixed Home Equity11 | Closed End 240 Months | 2.99% | 2.74% |
| Second Lien Fixed Home Equity12 | Closed End 60 Months | 5.25% | 5.00% |
| Second Lien Fixed Home Equity12 | Closed End 120 Months | 5.75% | 5.50% |
| Second Lien Fixed Home Equity12 | Closed End 180 Months | 4.99% | 4.74% |
| Second Lien Fixed Home Equity12 | Closed End 240 Months | 4.99% | 4.74% |
| Max Loan to Value (LTV) is 95% |
| Mortgage Loans | Interest Rate | Points | APR5 |
|---|---|---|---|
| 15 Year Fixed | 2.625% | 0 | 2.743% |
| 20 Year Fixed | 2.875% | 0 | 2.940% |
| 30 Year Fixed | 3.000% | 0 | 3.065% |
| 100% Financing 30 Year Fixed | 3.500% | 0 | 4.078% |
| Visa Credit Cards | Terms | APR18 |
|---|---|---|
| Visa Platinum Breeze | 25 day grace period | 9.95% |
| Visa Platinum Rewards (Variable Rate) | 25 day grace period | 9.95% |
| Visa Share Secured | 25 day grace period | 11.00% |
| Other Loans | Terms | APR |
|---|---|---|
| CD Loans | up to CD Maturity | 2.0% over CD rate with a 5% minimum |
| Line of Credit | Open End | 11.90%19 |
| Misc. Loan | up to $5,000 | 12.25%19 |
| Share Pledge | 48 Months | 3.0% over Savings rate with a 5% minimum |
| Emergency Relief Loan | Up to 24 Months | 2.99%16 |
1APY = Annual Percentage Yield. Rates and terms are subject to change without notice. Fees and/or early withdrawal could reduce earnings on the account. The APY is accurate as of 07/09/2021.
2Withdrawals in excess of two per calendar quarter are charged a $25 fee each time.
3A $10.00 fee will be applied monthly if the balance falls below $2,500.00. A $5.00 fee will be applied monthly if direct deposit is not present.
4There is a $5 monthly fee for this account.
More Disclosure Info
5Rates are fixed or variable, based on your final loan amount and finance charges. The actual interest rate and fees available to you will be based on your credit history, property type, loan to value, and may be different than the rates displayed here. Please contact a loan officer for current rates and fees. Rates are subject to change without notice. Additional rates and terms may be available. Mortgages available in Missouri and Illinois only. The above example APR’s are based on owner-occupied, one unit, single family primary residences. Membership eligibility required. Restrictions apply. Please call 314-892-5400, ext. 11095, for details on all products. Fixed Mortgages: Minimum down payment of 5% (or 3% for Fannie Mae Home ready Mortgage) required. For example, a $250,000 purchase price with 20% down payment and $200,000 financed is the example used for the APR above. Minimum loan amount of $100,000 required. The interest rates used in the foregoing examples are based on current market rates reflecting $200,000 purchase loans with 20% equity and a 740 credit score, are for purposes of example only and are not meant to be relied upon. This is not a credit decision or a commitment to lend. Depending on loan guidelines, mortgage insurance may be required. If mortgage insurance is required, the mortgage insurance premium could increase the annual percentage rate (“APR”) and the monthly mortgage payment. APR reflects the effective cost of your loan on a yearly basis, taking into account such items as interest, most closing costs, mortgage insurance, discount points (also referred to as “points”) and loan-origination fees. Neighbors Credit Union: NMLS #509288
6No monthly pay option available and a 365 day penalty for early withdraw. Bump rate option 1 time for 48 Month and 2 times for 60 Month over original term.
7Rates are 0.25% higher without checking and direct deposit, and set the loan on automatic payment from a Neighbors checking account.
8Rates accurate 07/27/2021. New Auto Loan rates valid only on 2020, 2021, and 2022 models. Other rates and terms may be available.
9Rates accurate 07/27/2021. Auto Loan rates valid only on refinances on 2015, 2016, 2017, 2018 and 2019 models. Other rates and terms may be available.
More Disclosure Info
10Rates accurate as of 06/01/2019. Intro Rate is applicable for first year of loan. Rate is subject to change and is subject to credit qualifications. Had there not been a rate discount, the applicable rate would have been 4.25% APR. The APR will adjust annually during the life of the loan based on Prime Rate published in The Wall Street Journal plus a margin which is based on creditworthiness. Maximum APR is 15%. If loan is paid off and closed within 36 months from opening of loan, member must reimburse the credit union for fees paid. Consult a tax advisor concerning tax-deductibility. Refinancing of current Neighbors Credit Union HELOCs is ineligible for the promo rate. Other rates and terms available. Membership eligibility required. Contact Neighbors Credit Union for details.
11Rates accurate as of 07/22/2021. The APRs shown are the lowest available. Rates and terms subject to credit qualifications and other factors and are subject to change. Rate is for a Home Equity Closed End Fixed-Rate, First Lien loan. Refinancing of existing Neighbors Credit Union loans ineligible unless an additional advance of at least $5,000 is taken. If loan is paid off and closed within 36 months of opening of loan, member must reimburse the credit union for fees paid. Consult a tax advisor concerning tax deductibility. Additional rates and terms available. Membership eligibility required. Restrictions apply. Contact credit union for full details.
More Disclosure Info on Neighbors Credit Union
12Rates accurate as of 07/22/2021. The APRs shown are the lowest available. Rates and terms subject to credit qualifications and other factors and are subject to change. Rate is for a Home Equity Closed End Fixed-Rate, Second Lien loan. Refinancing of existing Neighbors Credit Union loans ineligible unless an additional advance of at least $5,000 is taken. If loan is paid off and closed within 36 months of opening of loan, member must reimburse the credit union for fees paid. Consult a tax advisor concerning tax deductibility. Additional rates and terms available. Membership eligibility required. Restrictions apply. Contact credit union for full details.
13Rates accurate 07/27/2021. Rates and terms are subject to credit qualifications. Rates vary based on vehicle model years. Other rates and terms may be available. Offer does not apply to financing or refinancing a Neighbors Credit Union auto loan. Amount refinanced must be at least $10,000. Membership eligibility required. Restrictions apply. Contact Neighbors Credit Union for full details.
14Prosperity Money Market Accounts are no longer offered at Neighbors Credit Union, effective 06/01/2021. Current accounts remain active and continue transactions as normal. APY = Annual Percentage Yield. $20,000 opening balance must be new funds only. Rates accurate as of 08/02/2021. Balances over $500,000 will earn a lesser rate. $20,000 minimum balance required to avoid monthly $10 fee. Offer may change at any time. Checks written in excess of the three allowed will be charged a $10 per-check fee.
15APR=Annual Percentage Rate. Rates accurate of 07/22/2021. They are 0.25% higher on fixed rate products and 0.96% higher on variable rates without a checking account and direct deposit of a minimum of $1000 per month. Rates and terms subject to change at any time and subject to credit qualifications and other factors. The APRs shown are the lowest available.
More Disclosure Info For Neighbors Credit Union
16APR=Annual Percentage Rate. Rate accurate as of 03/24/2020. The APR shown is the lowest available. Rates and terms are subject to credit qualifications. Max loan amount is $5,000. In order to apply for Emergency Relief loan, you must be a member in good standing with membership established prior to March 16, 2020. Restrictions apply. Financing $5,000 at 2.99% APR for 24 monthly payments including 90 days until the first payment is $215.95 a month. Interest will continue to accrue during the 90-day deferment period. Members may be required to provide proof of hardship.
17Rates accurate as of 05/07/2020. Intro Rate is applicable for 36 months of loan. Rate is subject to change and is subject to credit qualifications. Had there not been a rate discount, the applicable rate would have been 4.25% APR. The APR will adjust annually after the introductory period during the life of the loan based on Prime Rate published in The Wall Street Journal plus a margin which is based on creditworthiness. Maximum APR is 15%. If loan is paid off and closed within 36 months from opening of loan, member must reimburse the credit union for fees paid. Consult a tax advisor concerning tax-deductibility. Refinancing of current Neighbors Credit Union HELOCs is ineligible for the promo rate. Other rates and terms available. Membership eligibility required. Contact Neighbors Credit Union for details.
18Rates, terms and conditions are subject to change without notice. Credit card approval depends on creditworthiness and other qualifications. If you are charged interest, the charge will be no less than $1.00.
More Disclosure Info For Neighbors Credit Union
19The APRs shown are the lowest available. All RV and Boat loans maximum LTB allowable is 100% of MSRP/NADA retail based on approvable credit scores and loan officer approval. RV and Travel Trailer max loan amount is $100,000.
20Fees could reduce earnings on CDs. Early withdrawal penalties may apply. See credit union for full details.
21May involve fees and limitations.
22Possible fees may apply if account falls below minimum balance requirement. Possible fees may apply if more than three check withdrawals per month.
Neighbors Credit Union – Final Thoughts
NCU is a great medium-sized credit union to keep your money at if you fall into their field of membership. They have some really unique offerings that you won’t find at other ones, like the financial education for youth/teens/college students and that Hospital Action Plan.
Their business offerings are pretty robust, too, and it’s a good place to check out if you are a small business owner. Neighbors Credit Union also does a great job of giving back to the community in more ways than the average credit union their size. Do you have a review from doing business with them personally or working there? Please leave it below. We need your email in case the NCU management teams wants to contact you to resolve any issues.
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*All information in this article was current at the time of this writing, however, it could change without notice. We do our best to keep these updated, however, there is no guarantee you will find the same information on the CU’s website or at the time of opening an account with them.
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