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Heres an overview of their products, services, features and benefits.
USAA and NFCU are both good credit union options for military members.
The better option really depends on your own personal needs in terms of account types and perks.
Who Can Join USAA?
USAAmembership is open to U.S. military members and veterans, pre-commissioned officers and their spouses and children.
Pros
Cons
Who Can Join Navy Federal?
Navy Federal Credit Unionis also open to current and former members of the U.S. military, including their families.
However, membership is also offered to civilian employees of the Department of Defense.
If you prefer in-personbanking, however, NFCU offers 357 branches worldwide, vs. just five physical USAA locations.
NFCUs fee-free ATM web link only extends to 30,000 terminals.
Here are the highlights of each credit unions offerings.
Both offer an extensive range of credit cards.
The credit union offers no fewer than six types of mortgages, with rates starting at 6.25%.
Auto loans begin at 4.89%.
Auto loan rates start as low as 4.09%, while personal loans begin at 8.99%.
If you prefer chat support, that service is available Monday through Friday, 9 a.mm.
On Google Play, only around 200,000 customers have left votes, with an average score of 4.7 stars.
There is also a 529 College Savings Plan via Victory Capital.
Navy Federal Credit Union offers two types of investment plans: automated, digital investing and flesh-and-blood financial advisors.
Under the digital investing option, customers can choose either a self-directed account or an automated one.
Both cost $3.50 per month after a 30-day free trial, with no investment minimum.
Working with a financial advisor comes with a complimentary consultation.
Fees and minimums may apply.
Military-Specific Benefits
USAA vs. Navy Federal?
Both offer various perks and benefits for their military members.
All other information on accounts is accurate as of Jan. 8, 2025.
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