Savings

Membership in Northrop Grumman Federal Credit Union means co-ownership in one of the strongest credit unions in the country.

Regular Savings

A NGFCU™ savings account, more commonly known within credit unions as a Regular Share Account, is a federally insured, dividend-paying account that allows members to earn dividends while permitting immediate access to funds. The account may be opened with a minimum $5 deposit, and added to or withdrawn from as the member chooses. In addition, the Regular Share Account may be used to provide overdraft protection for checking accounts.

Summary

When you join Northrop Grumman Federal Credit Union, you must open a Regular Share Account to begin your lifetime membership. You can open as many savings accounts as you wish. If your minimum average daily balance in an account is at least $100, dividends are compounded monthly, and accumulate by applying the periodic dividend rate to the average daily balance in the account for the period.

Here are some features of the Regular Share (Savings) Account:

Minimum opening deposit of $8

$5 minimum account balance
$3 one-time membership fee

$100 minimum average daily balance to earn a monthly dividend
Federally insured to at least $250,000 by the NCUA
Allow unlimited free over-the-counter withdrawals per month per suffix when total shares are $1,000 or more or there is an outstanding loan balance on the account. (When this minimum requirement is not met, 1 free over-the-counter withdrawal per month per suffix.) See Schedule of Fees.
May be opened as a:

Gift to Minors Account
Youth Account
Trustee Account
Business Account
Company-Sponsored Club Account

Mailing Address
Box Number 47009
Gardena, CA 90247-6809

Call Center
800-633-2848
Monday - Friday
7 a.m. - 6 p.m. Pacific