Navy Federal Credit Union Honors Servicemembers and Military Families Who Go Above and Beyond for Military Appreciation Month
May 01 2024 - 10:00AM
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:
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Navy Federal Credit Union is launching
celebratory activities and member deals to honor Active Duty
servicemembers, Veterans and their families for Military
Appreciation Month. For details, visit navyfederal.org/celebrate.
(Graphic: Business Wire)
- $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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240501187645/en/
Jane Myers Corporate Communications
Corporate_Communications@navyfederal.org