How to Qualify for Navy Federal?
Navy Federal Credit Union is one of the largest and most reputable credit unions in the United States, offering a range of financial services to its members. To become a member of Navy Federal, you must meet certain eligibility criteria. In this article, we will explore the steps to qualify for Navy Federal and the benefits that come with membership.
Eligibility Criteria
To qualify for Navy Federal, you must meet one or more of the following eligibility criteria:
- Employment: You must be employed by the Department of Defense (DoD) or a DoD contractor.
- Family Membership: You can join Navy Federal if you have an immediate family member who is already a member.
- Veteran: If you are a veteran or retired from the military, you are eligible to join Navy Federal.
- Honorably Discharged: If you were honorably discharged from the military, you are also eligible to join Navy Federal.
- Surviving Spouse: The surviving spouse of a Navy Federal member who died in service or as a result of a service-connected disability is eligible to join.
- Retirees: Retirees from the military, including Reservists and National Guardsmen, are eligible to join Navy Federal.
- Federal Employees: You can also join Navy Federal if you are a federal employee or a spouse of a federal employee.
How to Apply
If you meet the eligibility criteria, you can apply for Navy Federal membership by:
- Online Application: You can apply online by visiting the Navy Federal website and filling out the online application form.
- Phone Application: You can also apply by phone by calling Navy Federal’s Membership Services department at 1-888-842-6328.
- In-Person Application: You can apply in person at a Navy Federal branch or a participating DoD facility.
Benefits of Membership
As a member of Navy Federal, you can enjoy a range of benefits, including:
- Competitive Rates: Navy Federal offers competitive rates on loans, credit cards, and deposit accounts.
- Low Fees: Navy Federal has low fees for services such as checking and savings accounts, loans, and credit cards.
- Convenience: With over 300 branches and 50,000 surcharge-free ATMs worldwide, you can access your accounts and conduct transactions easily.
- Financial Education: Navy Federal offers financial education resources and tools to help you manage your finances and achieve your financial goals.
- Insurance and Retirement Services: Navy Federal offers insurance and retirement services to help you plan for the future.
Additional Perks
As a Navy Federal member, you can also enjoy additional perks, including:
- Rewards Credit Cards: Navy Federal offers rewards credit cards with cashback, points, and travel rewards.
- Travel Discounts: Navy Federal members can enjoy travel discounts and benefits with partner travel companies.
- Insurance Discounts: Navy Federal members can enjoy discounts on insurance products, such as auto, home, and life insurance.
- Financial Planning: Navy Federal offers financial planning services to help you achieve your financial goals.
Membership Levels
Navy Federal offers three membership levels: Basic, Plus, and Premium. Each level offers a range of benefits and perks, including:
| Membership Level | Benefits |
|---|---|
| Basic | Basic account services, online banking, and mobile banking |
| Plus | Basic benefits, plus credit monitoring, identity theft protection, and travel insurance |
| Premium | All Plus benefits, plus exclusive rewards, travel discounts, and insurance discounts |
Conclusion
Qualifying for Navy Federal membership is easier than you think. By meeting one or more of the eligibility criteria, you can enjoy a range of benefits and perks, including competitive rates, low fees, and financial education resources. Whether you’re a military veteran, a federal employee, or a DoD contractor, Navy Federal has a membership level that’s right for you. So why wait? Apply for Navy Federal membership today and start enjoying the benefits of membership!
