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
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Mailing Address
Box Number 47009
Gardena, CA 90247-6809
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