Northwest Federal Credit Union Info + Reviews
Northwest Federal Credit Union is the Virginia CU that we’ll be focusing on here. This article will cover important details on them like their products, rates, member eligibility and more!
By the time you’re finished reading, it should give you useful information to make an educated decision about working with them.
At the end, you can also add in your own personal review of this CU if you have experience with them.
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Check Your Personal Loan Rate with SoFi
*Routing #: 256075025
*Phone #’s:
844-709-8900 (toll-free)
703-709-8919 (Hearing Impaired/TTY)
*Locations: They have eleven branches between Virginia and Maryland.
Ballston Branch
1008 North Glebe Road
Arlington, VA 22201
Chantilly Branch Northwest Federal Credit Union
14419 Chantilly Crossing Lane
Chantilly, VA 20151
Gainesville Branch
7500 Webb Drive
Gainesville, VA 20155
Herndon Branch
200 Spring Street
Herndon, VA 20170
Leesburg Branch
525 Trimble Plaza
Leesburg, VA 20175
Manassas Branch
9730 Liberia Avenue
Manassas, VA 20110
Middleburg Branch Northwest Federal Credit Union
101 W. Washington Street
Middleburg, VA 20117
One Loudoun Branch
20400 Exchange Street
Ashburn, VA 20147
Rockville Branch
1807 Rockville Pike
Rockville, MD 20852
Vienna Branch
231 Maple Ave, East
Vienna, VA 22180
A Little History on Northwest Federal Credit Union
NFCU has been around for about 75 years, but other than that there’s not much on their founding mentioned on their website. According to their NCUA profile, they were chartered in 1947.
Since then, they have grown to having assets of more than $4 billion dollars. You can also access your cash from Northwest Federal Credit Union at over 30,000 CO-OP ATMs nationwide.
Do They Give Back At All?
They do give back and it’s well documented. I always like when a credit union has info on their philanthropy that’s easy to find. They focus their charity efforts on three major areas: animal welfare, children and special needs, environment and the arts, and health/wellness. That covers a pretty broad spectrum of different things.
They have scholarship programs and have been involved with a couple food drives, too.
Membership Requirements at Northwest Federal Credit Union
If you want to join NFCU, then you’ll need to meet some requirements. Things are a little foggy when it comes to whether you need to live or work somewhere specific to join.
They do however mention that immediate family can get you in and so can working for a bunch of different organizations. They have 600+ businesses and community partners, so, check out their membership page to find out if yours is listed.
Their Products
Northwest Federal Credit Union offers a lot of different products between their personal and business offerings. You can find four different types of checking accounts. They have their own internal products and also the popular Kasasa brand checking options.
Those range from accounts that pay dividends, cash back checking, and free checking. There are three main savings accounts: their Kasasa Saver, Savings Club Account, and their Youth Club Account. The club account is designed for things like taxes, vacations, and other unique purchases that you might need to make.
For longer term saving, there are certificates, IRAs, and Money Markets. Loans at Northwest Federal Credit Union include vehicle, personal, student loans, mortgages, home equity loans, and land/new construction loans.
You can get a couple different cards at NFCU, too. Those include FirstCard Visa Platinum, NOW REWARDS Visa, Visa Platinum, Card Protection, and Gift Cards.
Financial advisory and insurance services are also offered.
Business Products
Business services at NFCU includes two different checking accounts: Basic Business Checking and Business Dividend Checking.
You’ll be able to find four different business savings vehicles. Those include the regular Business Savings account, their Premium Business Saver account, Business Money Market Accounts, and Certificates.
Northwest Federal Credit Union offers a handful of other business products like various loans, merchant services, and insurance.
Some Rates for Things You May Need Soon
(All rates were current at the time of publishing this article, however, they are subject to change without notice.)
Special Auto Rates
| Car Loans | Term | Minimum Loan Amount | APR1,2 as low as | Maximum LTV |
|---|---|---|---|---|
| New 2022-2023 | up to 36 mos | $5,000 | 1.79% | 80% LTV |
| 37-63 mos | $8,000 | 1.79% | 80% LTV | |
| 64-72 mos | $10,000 | 1.79% | 80% LTV | |
| 75-84 mos | $20,000 | 2.79% | 80% LTV | |
| Used 2021 | up to 36 mos | $5,000 | 1.79% | 90% LTV |
| 37-63 mos | $8,000 | 1.79% | 90% LTV | |
| 64-72 mos | $10,000 | 1.79% | 90% LTV | |
| 75-84 mos | $20,000 | 2.79% | 90% LTV | |
| Used 2019-2020 | up to 36 mos | $5,000 | 1.79% | 90% LTV |
| 37-63 mos | $8,000 | 1.79% | 90% LTV | |
| 64-72 mos | $10,000 | 1.79% | 90% LTV | |
| 75-84 mos | $20,000 | 2.79% | 90% LTV | |
| Used 2018 | up to 36 mos | $5,000 | 1.79% | 90% LTV |
| 37-63 mos | $8,000 | 1.79% | 90% LTV | |
| 64-72 mos | $10,000 | 1.79% | 90% LTV | |
| Used 2017 | up to 36 mos | $5,000 | 1.79% | 90% LTV |
| 37-63 mos | $8,000 | 1.79% | 90% LTV |
Regular Auto Rates at Northwest Federal Credit Union
| Car Loans | Term | Minimum Loan Amount | APR3,4 as low as |
|---|---|---|---|
| New 2022-2023 | up to 36 mos | $5,000 | 2.14% |
| 37-63 mos | $8,000 | 2.64% | |
| 64-72 mos | $10,000 | 2.94% | |
| 73-75 mos | $10,000 | 3.14% | |
| 76-84 mos | $20,000 | 4.94% | |
| 85-96 mos | $40,000 | 7.49% | |
| 2021 | up to 36 mos | $5,000 | 2.44% |
| 37-63 mos | $8,000 | 2.84% | |
| 64-72 mos | $10,000 | 3.24% | |
| 73-75 mos | $10,000 | 3.44% | |
| 76-84 mos | $20,000 | 5.34% | |
| 2020 | up to 36 mos | $5,000 | 2.54% |
| 37-63 mos | $8,000 | 3.04% | |
| 64-72 mos | $10,000 | 3.34% | |
| 73-75 mos | $10,000 | 3.54% | |
| 76-84 mos | $20,000 | 5.64% | |
| 2019 | up to 36 mos | $5,000 | 2.64% |
| 37-63 mos | $8,000 | 3.14% | |
| 64-72 mos | $10,000 | 3.54% | |
| 2018 | up to 36 mos | $5,000 | 2.94% |
| 37-63 mos | $8,000 | 3.44% | |
| 64-72 mos | $10,000 | 3.94% | |
| 2016-2017 | up to 36 mos | $5,000 | 3.14% |
| 37-54 mos | $8,000 | 3.64% | |
| 55-66 mos | $10,000 | 4.14% | |
| 2013-2015 | up to 36 mos | $5,000 | 4.14% |
| 37-54 mos | $8,000 | 4.64% | |
| 55-66 mos | $10,000 | 5.14% |
**Special rate available on 2019-2023 model years and terms of 75-84 months for auto loan contracts dated by January 15, 2022 only. Rate is based on an evaluation of your credit history, so your rate may differ. Restrictions apply, including: credit qualifications and maximum loan-to-value ratio of 80% for 2022-2023 model years; maximum loan-to-value ratio of 90% for 2018-2021 model years. Internal refinances are excluded from special rates. Business auto loans excluded from special rates. Offer may not be combined with other discounts or promotions.
1 APR=Annual Percentage Rate. Rate is available through January 15, 2022 only. Rate is based on an evaluation of your credit history, so your rate may differ.
2 Rate is based on model year and term. Additional model year terms and rates are available. Promotional rates listed are available through January 15, 2022 only and are based on evaluation of credit history, so your rate may differ. Maximum 80% LTV for 2022-2023 model years; maximum 90% LTV for 2017-2021 model years. Rates are valid for purchases and refinances from another lender only; internal refinances are excluded from promotional rates. Vehicles with mileage over 100,000 add 2 percentage points to rates. Terms and rates will vary on loans for business purposes. Other restrictions may apply. Payment example: car loan with new model year of 2022-2023 and loan amount of $20,000 for 60 months at 1.79% APR will have an estimated monthly payment of $348.96.
3APR = Annual Percentage Rate current as of 1/1/22 and is subject to change without notice. Rate is based on evaluation of credit history, so your rate may differ.
4Rate is based on model year and term. Additional terms and rates are available. Rate is valid for purchases and refinances from another lender only; internal refinances are excluded from special rates. Vehicles with mileage over 100,000 add 2 percentage points to rates. Classic cars add 4 percentage points to oldest rate. Terms and rates will vary on loans for business purposes. Other restrictions may apply. Payment example: car loan with model year of 2022-2023 and loan amount of $20,000 for 60 months at 2.64% APR will have an estimated monthly payment of $356.56.
No payment due for the first 90 days offer is valid for the purchase of a new or pre-owned consumer auto and refinances from another lender. Credit qualifications apply. Offer is subject to change at any time. Interest still accrues for the first 90 days. This offer is not valid on internal refinances.
Personal Loan Rates
| Loan Type | Minimum Loan Amount | Term | APR* as low as |
| Personal Loan | $500 | up to 24 months | 5.99%1 |
| Personal Loan | $2,000 | 25-36 months | 6.24%1 |
| Personal Loan | $3,000 | 37-60 months | 7.99%1 |
| Personal Loan | $5,000 | 61-84 months | 8.99%1 |
| Line of Credit | N/A | N/A | 9.90%2 |
| Savings Secured | N/A | 60 months | 2.80%4 |
| Savings Secured | N/A | 120 months | 2.80%3 |
1 APRs are current as of 1/1/22 and are subject to change without notice. For debt consolidation loans, 1.00% will be added to the personal loan rates. A sample principal and interest payment on a $8,000 fixed rate personal loan at 5.99% APR for 24 months is $355.53.
2 Your initial Annual Percentage Rate (APR) will range from 9.90% to 18.00% based on your creditworthiness. After this, your APR is subject to change monthly based on the Prime Rate published in the Wall Street Journal on the last business day of the prior month.
3 Rate is variable. Contact Northwest Federal for more details.
4 Savings secured loan payment example: savings secured loan amount of $5,000 for 60 months at 2.80% APR will have an estimated monthly payment of $89.50.
First Mortgages
| First Mortgage – Conforming Limits | ||
| 30 Year Fixed Rate | ||
| Rate | APR | Points |
| 3.250% | 3.261% | 0.000% |
| 15 Year Fixed Rate | ||
| Rate | APR | Points |
| 2.625% | 2.645% | 0.000% |
| SOFR 5 Year ARM Conforming | ||
| Rate | APR | Points |
| 2.375% | 2.633% | 0.000% |
| SOFR 7 Year ARM Conforming | ||
| Rate | APR | Points |
| 2.625% | 2.704% | 0.000% |
Northwest Federal Credit Union – Final Thoughts
Northwest Federal Credit Union is a solid-looking Virginia CU. You may need to get a job at a certain place or have an immediate family member working somewhere that can get you in if you want to join. They have all of the products that you would find at a traditional bigger bank or credit union.
Their rates are pretty competitive, although, the regular used auto rates are a bit higher than what I’ve seen at other CU’s. They are currently offering (at the time of this writing) more competitive used auto loan rates than most places, which is great. They give back in a lot of ways, which is always awesome to see.
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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.
*This site is not affiliated with the Credit Union mentioned in this article.