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

Savings Secured

Northrop Grumman FCU members can quickly and easily borrow against their assets at low interest rates.

Savings secured – use savings accounts or certificates to secure loans (excludes IRAs and Money Market accounts). For savings-secured loans, the loan amount plus interest can total up to 100% of your account balance. What's more, loans against certificates can save members even more by avoiding a penalty for early withdrawal of funds.

Summary

NGFCU™ savings-secured loans offer a variety of benefits to members:

  • Convenience of using savings as collateral
  • Fast approval
  • Low interest rates and ability to avoid penalties for early withdrawal of certificate funds
  • Borrow up to 100% of savings account balance
  • Terms of up to 60 months or the remaining term of the account, whichever is less
  • Generally lower loan rate than other types of secured loans
Mailing Address
Box Number 47009
Gardena, CA 90247-6809
Call Center
800-633-2848
Monday - Friday
5 a.m. - 6 p.m. Pacific
©2016 Northrop Grumman Federal Credit Union. All Rights Reserved.