VIENNA, Va.--(BUSINESS WIRE)--Navy Federal Credit Union is launching celebratory activities and member deals to honor Active Duty servicemembers, Veterans and their families for Military Appreciation Month. During the month of May and year-round, members can enjoy exclusive offers such as:
- $50 bonus when joining Navy Federal and opening a credit card within 14 days of becoming a new member.1 (Offer expires 5/31/24)
- $10 bonus when joining, opening a new Free Active Duty Checking Account and making a debit card purchase within the first 30 days of account opening.2 (Offer expires 5/31/24)
- $200 bonus when refinancing current auto loan from another lender that’s at least $5,000.3
- 0.25% APR discount on select loans for Active Duty and retired military members with direct deposit at Navy Federal.4
- 4.70% APY on an 18-month EasyStartSM Share Certificate. Open with as little as $50. Plus, enjoy flexibility to withdraw one time only for no penalty.5
As a member-owned, not-for-profit credit union, Navy Federal goes beyond banking to support its members and champion the communities around them. To join the celebrations, dedicate an act of service to a military branch, loved servicemember, Veteran or military family who goes above and beyond. Submit a video to MissionBeyondThanks.navyfederal.org for a chance to win $1,000. Submission deadline is May 31 and winners will be chosen by June 17.
“We care about the whole wellbeing of our members. This dedication to helping those who serve or have served is at the heart of who we are,” said Mehdi Dinia, vice president of membership at Navy Federal. “Whether it’s planting flowers in a Veteran’s yard, preparing a meal for a military family or volunteering at a VA hospital, we encourage everyone to give back to the military community in a way that’s meaningful to them.”
For example, employee Natasha J. helped a lost Veteran member in the early stages of dementia find his way home. Her service didn’t end there, as a few weeks later, she sent him a set of dog tags and a silver ID bracelet. Read more about this story on the Navy Federal Blog.
The credit union is also donating over $100,000 to Operation Gratitude as a proud partner in their mission to provide hands-on volunteer opportunities in the military community. Throughout the month of May, Navy Federal employees can volunteer remotely or in-person across the credit union’s Virginia, Florida and California campuses to make paracord lanyards and cards, which will be distributed by Operation Gratitude to servicemembers around the world.
For information on Military Appreciation Month, visit navyfederal.org/celebrate. To hear more about the service and relationships members can expect at their local branches, tune in to the latest episode of the MakingCents Podcast.
Navy Federal Credit Union: Established in 1933 with only seven members, Navy Federal now has the distinct honor of serving more than 13 million members globally and is the world’s largest credit union. As a member-owned and not-for-profit organization, Navy Federal always puts the financial needs of its members first. Membership is open to all Department of Defense and Coast Guard Active Duty, Veterans, civilian and contractor personnel, and their families. Navy Federal employs a workforce of over 24,000 and has a global network of 355 branches. For more information about Navy Federal Credit Union, visit navyfederal.org. Federally insured by NCUA. Equal Opportunity Employer.
1 Offer valid May 1 - May 31, 2024 and can expire anytime without prior notice. To receive the $50 bonus to your share savings account, you must 1) be 18 or older and eligible for membership, 2) join Navy Federal between 5/1/2024 and 5/31/2024, and 3) open a new Navy Federal credit card account within 14 days of joining. Offer excludes Navy Federal Business, and Home Equity Line Platinum credit cards. Navy Federal membership is open to members of the Coast Guard, all Department of Defense uniformed personnel, reservists, Active Duty, retired, Veterans, Army and Air National Guard, DoD civilian employees, contractors and their immediate family. Limit one (1) bonus per member. $5 minimum balance is required to open and maintain membership savings account and to obtain bonus. If you have not funded your new membership savings account at the time the bonus is credited, we will hold the minimum $5 share required for your membership. Annual Percentage Yield (APY) 0.25%, effective 3/15/2024. Fees may reduce earnings, and rates may change. Bonus deposited to your share savings account within 14 business days of credit card account opening. Accounts must be in good standing for credit to be processed. Recipient is solely responsible for any personal tax liability arising out of the acceptance of this incentive.
2Offer valid May 1 - May 31, 2024. Navy Federal reserves the right to end or modify this offer at any time. Navy Federal Credit Union employees, contractors, and their immediate family members are not eligible to participate in this promotion. To receive this offer, you must be a new member and open a new Active Duty checking account during the promotion period and make a purchase using your Navy Federal Debit Card associated with the new account within 30 days of account opening. Purchases must be more than $0 and made by June 30, 2024. Please allow 10-12 weeks for the credit to post to your account and appear on your periodic statement. This offer is not transferable. Transactions are not earned for, gambling or cash equivalent transactions, such as the purchase, loading or reloading of gift and prepaid cards. Limit one (1) $10 bonus per member and must be 18 or older. Members should consult a tax consultant or obtain legal advice regarding any tax implications related to the bonus. Taxes related to the bonus are the member's responsibility. Navy Federal does not provide tax advice.
3Credit and collateral subject to approval. Existing Navy Federal loans are not eligible for this offer. Auto refinance loan must be at least $5,000. Loan must be open for at least 60 days with first scheduled payment made to be eligible for the $200, which will be credited to the primary applicant’s savings account between 61 and 65 days of the loan origination date. Offer may end at any time. Recipient is solely responsible for any personal tax liability arising out of this incentive.
4Direct Deposit is required. This military special may expire at any time. Applicants must contact Navy Federal by phone or visit a branch to receive the discount. Active Duty rate discounts (which are also available for retired military members) can be applied, subject to certain restrictions. Contact Navy Federal to learn which loans are eligible for this discount.
5This 18-Month EasyStart Share Certificate “one no-penalty withdrawal” offer is effective April 8, 2024. Navy Federal reserves the right to end or modify this offer at any time. The offer is applicable to any 18-Month EasyStart Share Certificate opened or renewed starting April 8. Waived penalty will only apply to the first withdrawal from an eligible 18-Month EasyStart Share Certificate. Withdrawals are permitted starting seven days after new certificate account opening date. The 18M EasyStart Share Certificate has a minimum purchase amount of $50. Other restrictions may apply. APY may change before an 18-Month EasyStart Share Certificate is opened and funded. Offer not available for IRA or ESA certificates.
