Credit Union Deals for Military Families

Military families receive some benefits from the government, although many would argue not nearly enough for their service to their country. A number of credit unions have been formed to benefit military personnel (active and retired) as well as people who work in the defense industry. If you have a member of your family that may qualify - alert them to the deals listed below:

5.00% APY from Navy Federal Credit Union on their 7-year Share Certificate with a minimum deposit of $20,000. Credit union membership eligible for all active duty Navy and Marine Corps members, contractors assigned to DON sites, retired Navy personnel, and family members of eligible Navy personnel.

4.60% APY from Pentagon Federal Credit Union on their 5-year and 7-year certificate. Membership includes members (and family members) of the United States Army, Air Force, Coast Guard, Navy, Marines, National Guard, Reserves, Cadets, ROTC as well as employees of the Department of Homeland Security (DHS), Department of Defense, Department of the Army, and the Department of the Air Force. Federally insured by NCUA not FDIC. ($1,000 minimum)

The rates at USAA Credit Union are not quite as competitive with a fixed-rate CD only paying 3.56% for all terms from 90 days to years, but USAA offers a wide range of rate deals including auto loans, credit cards, mortgage rates and even renters insurance at below-market rates. Eligibility for USAA is open to all:

- Active duty officers and enlisted military personnel.

- Former spouses and adult children of USAA members.

- National Guard and Selected Reserve officers and enlisted personnel.

- Officer candidates in commissioning programs (Academy, ROTC, OCS/OTS).

- Former military personnel:- If you’re no longer in the military, you are eligible until you turn 35.- If you continue to serve in the military after you turn 35, eligibility expires upon separation or retirement from the military.

Boeing Credit Union is offering a fantastic 7.50% APY on their savings and checking accounts, although the yield only applies to balances up to $500 as well as below-market rates on loans and mortgages for members. Mebership is open to any Washington state resident. If you live, work, worship or attend school in a Washington state school district and past or present employee s(or their family member) of: The Boeing Company, Boeing subsidiaries or affiliates, BECU or The Museum of Flight.