A Credit Union by Employees, for Employees

The Northrop Grumman Federal Credit Union (NGFCU) was founded 77 years ago by Northrop Aircraft Company employees who had one goal in mind: to provide a safe place to save and access loans. Flash forward to today, the institution now offers 28 branches, 49 ATMs at or near company locations, branch services at hundreds of outlets nationwide through the CO-OP Shared Branch network and receive support 24/7 by phone or online.  

Whether you're looking to make a big purchase, searching for a hassle-free banking experience or interested in learning more about wealth management, the NGFCU is here to help you with a wide range of financial support. Check out seven products or services they provide to bolster your financial well-being. 

  1. Checking accounts. When they say, “fee-free,” they mean it. NGFCU checking accounts have no minimum balances, monthly service charges or per-check fees. Access cash at ATMs anywhere and earn cash back rewards on your purchases. You can even choose from 25 Northrop Grumman card designs that feature the B-2 Spirit, James Webb Space Telescope, Triton, E-2D Hawkeye, G/ATOR, LITENING and more. 

  2. Home purchase, refinance and equity loans. In the market for a new home? Take advantage of a dedicated home loans concierge specialist, speedy approvals and low mortgage rates. If you’re a first-time home buyer, you may qualify for as low as 3 percent down. Refinance loans are also available and if you need access to a large amount of money, the NGFCU offers home equity line of credit (HELOC) and home equity loans up to $250,000 – depending on your equity. 

  3. Auto loans. Whether you’re buying a new or used vehicle, you can access fixed-rate loans with no application and documentation fees that can cover up to 100 percent of the purchase price. You can also take advantage of refinance loans based on the Kelly Blue Book value of your car.  

  4. Debt consolidation loans. Are you managing multiple high-interest rate debts? Consider a loan that allows you to consolidate debt from other lenders into a lower, fixed-price rate loan. 

  5. Home and auto insurance. Protect your valuable assets with competitive insurance rate quotes and coverage through TruStage, an NGFCU partner.  

  6. Multiple savings account options. Build funds for everyday purchases or for something special. You can open a regular savings account with just a $5 minimum deposit or explore other savings options such as Money Market, Long-Term Savings and Youth Accounts. The NGFCU also offers five types of IRA accounts to help you save for retirement. 

  7. Wealth management services. The NGFCU believes informed financial guidance is a fundamental need. That’s why they have advisors who can help develop financial strategies for your unique circumstances within an ever-changing investment environment.

Explore all the services the NGFCU offers and review eligibility information to become a member today. 

Written by: Caitlin OConnor 

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