NASA Federal Credit Union

Credit unions have been mentioned in media outlets about their competitive products, particularly on auto rates,^[8] mortgages^[9] and CDs as compared to larger banks.^[10] NASA Federal has been named in several publications as a recommended credit union to use for a variety of products.^[11]

NASA Federal offers a fixed rate 9.9% balance transfer to those who've opened an account within 90 days.^[12][13] These cards have been mentioned by well-known finance websites such as NerdWallet, who published an article describing the benefits of the credit cards.^[14]

According to The Wall Street Journal, credit unions are particularly competitive on auto loans, with the average credit-union rates on eight types of auto loans beating the comparable bank figures by an average of two percentage points.^[8] NASA Federal currently has a similar promotion that competes to lower an applicant's monthly payment.^[15]

NASA Federal has been recognized for its rate-leading high-yield certificates (which are comparable to CDs) in the past by Investopedia, DepositAccounts.com, and Business Insider to name a few.

NASA Federal offers zero-down mortgages up to $1,149,825 with no private mortgage insurance.^[16]

In 2020, NASA Federal originated 1,166 mortgages worth a total of $337 million.^[17]

Each year, NASA Federal volunteers and participates as runners, raising thousands of dollars for the Children's Miracle Network through an annual event called the Credit Union Cherry Blossom 10 mile run. Nearly 20,000 runners in total participate in this event.^[18]

NASA Federal awards scholarships to DC-area high school students through the Mitchell-Beall-Rosen Memorial Scholarship Contest. The annual program rewards the writing talents of young Credit Union members who are working toward four-year or two-year undergraduate degrees or vocational studies.^[19]

The Scholarship Program was established in 1983 in memory of Wilfred Mitchell and then renamed in 1991 to also honor Donald Beall. Both men are former NASA Federal Credit Union officials. Eugene Rosen joined NASA Federal Credit Union in 1961, was elected to the Board in 1962, and served as Treasurer since 1963. Among the many accomplishments for which Mr. Rosen will be remembered is his service to the Mitchell-Beall Memorial Scholarship program, where his name was added in recognition in 2010.^[20]