Nuvision Federal Credit Union Review: CDs With Good Interest Rates and Low Early Withdrawal Penalties

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Nuvision Federal Credit Union: Overall Credit Union Rating

Nuvision Federal Credit Union: Pros and Cons

Nuvision Credit Union Primary Savings - Product Name Only

You must open Nuvision Credit Union Primary Savings - Product Name Only to establish membership at the credit union.

You'll probably want to consider one of the credit union's money market accounts or choose another financial institution if your goal is to earn a competitive interest rate on a bank account. This account only pays Nuvision Credit Union Primary Savings - APY APY, which is less than the average savings account.

Nuvision Credit Union Simple Checking - Product Name Only

Nuvision Credit Union Simple Checking - Product Name Only might be a good option if you live in Washington or Alaska because this account doesn't have monthly service fees in these markets.

But if you live in another state, you'll need to meet one of the following requirements to waive a $6 monthly service fee: Keep at least $1,200 in your account monthly, or have $500 or more in direct deposits and make at least seven debit card transactions per month.

Fixed Rate Share Certificates - Brand + Name

Fixed Rate Share Certificates - Brand + Name are one of the bank's strongest products. These accounts stand out because they have solid interest rates and low early withdrawal penalties. 

To open a share certificate, you must already have a Nuvision checking account with a balance of $500 or more. You also won't be able to use existing funds from a Nuvision bank account. Instead, you have to deposit new money.

Advantage Choice Money Market Account - Brand + Name

The Advantage Choice Money Market Account - Brand + Name is a solid reverse-tier money market account. A reverse-tier account pays a higher interest on lower account balances, and the APY will vary depending on how much money you have in your account.

Similar to Fixed Rate Share Certificates - Product Name Only, only certain members qualify for a Advantage Choice Money Market Account - Brand + Name. You must own a Nuvision checking account with a balance of at least $500 to be eligible. This money market account must also be opened at a Nuvision branch using new money. 

Nuvision has a High-Yield Money Market Account, too, but it requires a minimum balance of $50,000. 

How Nuvision Federal Credit Union Works  

Nuvision Federal Credit Union has 27 branches in Alaska, Arizona, California, Washington, and Wyoming.

The credit union is part of the CO-OP Shared Branch and ATMs networks; you'll have access to over 5,500 shared branches and 30,000 ATMS throughout the US. If you visit another credit union in a shared branch network, you may take out money from your account, make loan payments, or deposit money. However, you won't be able to open new bank accounts specific to your credit union.

To contact customer support, call Monday through Friday from 7 a.m. to 7 p.m. PT, or Saturday from 9 a.m. to 2 p.m. PT. Live chat is also available on the website from 9 a.m. to 5 p.m. PT on weekdays.

The credit union's mobile app is rated 4 out of 5 stars in the Google Play store and 4.4 out of 5 stars in the Apple store.

Nuvision Federal Credit Union is federally insured by the NCUA. Up to $250,000 is secure in individual bank accounts, and $500,000 is safe in joint bank accounts.

How to join Nuvision Federal Credit Union

Credit unions require membership to open accounts. To become a member of Nuvision Federal Union, you, a family member, or a household member must meet one of the following eligibility requirements: 

• You are a Southern California or Mesa, Arizona Boeing employee
• You work for a Select Employer Group on this list
• You join the American Consumer Council, a non-profit organization that's focused on consumer education and financial literacy

All Nuvision Federal Credit Union members must open Nuvision Credit Union Primary Savings - Product Name Only with a minimum opening deposit of Nuvision Credit Union Primary Savings - Minimum Deposit.

The role of community development financial institutions

CDFIs serve low-income and disadvantaged communities. Banks and credit unions have to undergo certification by the US Department of Treasury's Community Development Financial Institutions Fund and meet specific requirements to address banking barriers.

Nuvision Federal Credit Union hosts virtual financial literacy webinars with topics such as budgeting and saving. The credit union also works with local non-profit organizations to support people in need. In 2021, Nuvision Federal Credit Union provided funding to Think Together's Shalimar Relief Fund, feeding 120 families in California. In the same year, the credit union also helped families in Alaska through the Children's Lunchbox Effort.

Nuvision Federal Credit Union Trustworthiness and BBB Rating

Nuvision Federal Credit Union hasn't been involved in any recent public controversies. 

We include ratings from the Better Business Bureau so you can see how an institution addresses customer issues. 

The BBB gave Nuvision Federal Credit Union an A rating because its received 33 customer complaints. Read online customer reviews and talk to current customers to see if Nuvision Federal Credit Union could be a good match.

Nuvision Federal Credit Union vs. Orange County's Credit Union 

Orange County's Credit Union is another CDFI with branches in Southern California. To become a member of Orange County's Credit Union, you or an immediate family member must live or work in an eligible Southern California county on this list.

If you are eligible for membership at both credit unions, you'll want to consider which accounts you'd like to open to see if a particular institution stands out to you.

Nuvision Federal Credit Union share certificates offer more competitive rates than ones at Orange County's Credit Union. But you'll need to have a Nuvision checking account with a minimum balance of $500 or more to qualify for these Nuvision accounts. 

Nuvision Credit Union Simple Checking - Product Name Only might be an appealing option if you live in Washington or Alaska. It doesn't charge monthly service fees in these markets.

If you live in California, Orange County's Credit Union may be a better option for a basic checking account. It's easier to waive the $6 monthly service fee on Orange County's Credit Union Basic Checking than it is to waive monthly fees on Nuvision Credit Union Simple Checking - Product Name Only if you live in a state other than Washington or Alaska.

Nuvision Federal Credit Union vs. Union Bank

Union Bank has 295 branches in California, Washington, and Oregon, and commercial banking branches in Texas, Illinois, New York, and Georgia.

You might prefer Union Bank over Nuvision Federal Credit Union if you're searching for a savings account. The Union Bank Bank Freely Savings Account - Product Name Only doesn't charge monthly service fees and can be opened with Union Bank Bank Freely Savings Account - Minimum Deposit.

For checking accounts, it could ultimately depend on where you live. The Union Bank Freely Checking Account - Product Name Only doesn't charge monthly services fees. In comparison, Nuvision Credit Union Simple Checking - Product Name Only doesn't charge monthly service fees in Washington or Alaska, but the account may entail a monthly fee if you live in another state.

Union Bank review

Nuvision Federal Credit Union: Frequently Asked Questions

Where is Nuvision Federal Credit Union located?

Nuvision Federal Credit Union branches are located in the following cities:

Anchorage, Alaska

Eagle River, Alaska

Fairbanks, Alaska

Kenai, Alaska

Wasilla, Alaska

Mesa, Arizona

Carson, California

Costa Mesa, California

Fountain Valley, California

Huntington Beach, California

Laguna Hills, California

Lakewood, California

Mission Hills, California

Monterey Park, California

Seal Beach, California

Kent, Washington

Casper, Wyoming

Cheyenne, Wyoming

Is Nuvision Federal Credit Union federally insured by the NCUA?

Yes. Nuvision Federal Credit Union is federally insured by the NCUA. Up to $250,000 per depositor is secure in a bank account.

Is Nuvision Federal Credit Union a good credit union? 

Nuvision Federal Credit Union could be a good option if you'd like to open multiple bank accounts at the same financial institution.

All members have to open a Primary Savings Account. To be eligible for Fixed Rate Share Certificates - Brand + Name or a Advantage Choice Money Market Account - Brand + Name, you'll also have to own a Nuvision checking account with a minimum balance of $500.

Some Nuvision Federal Credit Union bank accounts have monthly service fees. If you do not meet the requirements to waive these fees, there are other financial institutions that do not charge any monthly service fees on bank accounts.