Account Services
Choosing the right account helps keep your money and your plans moving forward.
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Loan Center
Your source for credit and loan products. NMAFCU can help. You can even apply online.
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Specials
At times we offer a variety of specials to better serve our members. Visit any of our branches for details.
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Certificates
NMA Federal Credit Union is a financial institution interested in providing you the accounts and services that best suit your needs. Open an account today and start enjoying the benefits of membership. Click HERE to see our competitive rates. Call 757-497-4500 or email us now to find out how to join.
Share Certificates
Share Certificates offer a higher rate of interest on your savings. Dividends may be paid monthly and transferred to shares, share drafts, money market or club accounts or dividends may be compounded quarterly. Early withdrawal penalties depend on the term of the certificate.
Individual Retirement Account Certificate
IRA Certificates earn higher interest than the regular IRA account, but there are minimum balances and terms. Conditions are the same as the regular Individual Retirement Account. Members must first open an IRA Share Account before taking out one or more certificates.
The tax laws may affect the amount of tax deductions your IRA can receive. Regardless of the deductibility of contributions, you will be compounding interest earnings which may be tax deferred until you withdraw them. In this way an IRA will add up to significantly more than the same investment in a similar but taxable account.
IRA certificates are insured up to $250,000 separately from other accounts. Dividends are compounded and paid quarterly on the anniversary date.
Penalty for early withdrawal depends on the term of the certificate.
