Does Navy Federal Credit Union Have Safe Deposit Boxes?
As one of the largest credit unions in the United States, Navy Federal Credit Union offers a wide range of financial services to its members. But one question that many potential members may have is whether Navy Federal Credit Union offers safe deposit boxes. In this article, we will answer this question and provide more information about the safe deposit box services offered by Navy Federal Credit Union.
What are Safe Deposit Boxes?
Before we dive into the details of Navy Federal Credit Union’s safe deposit box services, let’s first understand what safe deposit boxes are. A safe deposit box, also known as a safe deposit locker or safe deposit facility, is a secure storage space within a bank or credit union where you can store valuable items, such as important documents, jewelry, and other valuable possessions. The box is typically locked and can only be accessed with a combination or key, providing an added layer of security for your belongings.
Does Navy Federal Credit Union Offer Safe Deposit Boxes?
Yes, Navy Federal Credit Union does offer safe deposit boxes to its members. The credit union offers a range of safe deposit box sizes to accommodate different storage needs, from small to large. Here are the details of the safe deposit box sizes and fees offered by Navy Federal Credit Union:
| Box Size | Fees |
|---|---|
| Small (3" x 5" x 12") | $20 per year |
| Medium (6" x 10" x 12") | $30 per year |
| Large (12" x 12" x 12") | $40 per year |
| Extra Large (18" x 18" x 12") | $50 per year |
As you can see, the fees for Navy Federal Credit Union’s safe deposit boxes are relatively affordable, with the smallest box costing only $20 per year.
What Can You Store in a Safe Deposit Box?
A safe deposit box is a secure and convenient way to store a wide range of valuable items, including:
- Important documents, such as birth certificates, passports, and wills
- Valuable jewelry and heirlooms
- Cash and other valuable items
- Family heirlooms and antiques
- Precious metals and coins
How to Rent a Safe Deposit Box at Navy Federal Credit Union
Renting a safe deposit box at Navy Federal Credit Union is a straightforward process. Here are the steps you need to follow:
- Become a member: You need to be a member of Navy Federal Credit Union to rent a safe deposit box. You can join the credit union by opening a savings account or by meeting other membership requirements.
- Choose a box size: Select the safe deposit box size that best fits your storage needs.
- Pay the fee: Pay the annual fee for the safe deposit box.
- Access your box: You can access your safe deposit box during regular business hours by presenting your identification and the key or combination to the safe deposit box.
Security Features of Navy Federal Credit Union’s Safe Deposit Boxes
Navy Federal Credit Union takes the security of its safe deposit boxes very seriously. Here are some of the security features you can expect:
- 24/7 Access: Safe deposit boxes are accessible during regular business hours, Monday to Friday, from 9:00 am to 5:00 pm.
- Video Surveillance: The safe deposit box area is monitored by video cameras to ensure maximum security.
- Access Control: Only authorized individuals with the correct key or combination can access the safe deposit box.
- Fire-Resistant Vaults: Navy Federal Credit Union’s safe deposit boxes are stored in fire-resistant vaults to protect your valuable items from damage in the event of a fire.
Conclusion
In conclusion, Navy Federal Credit Union does offer safe deposit boxes to its members. With a range of box sizes and affordable fees, Navy Federal Credit Union’s safe deposit box services are a convenient and secure way to store valuable items. By following the simple steps outlined above, you can rent a safe deposit box and enjoy the peace of mind that comes with knowing your valuable items are secure.
