Checking

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 Draft Checking

NMA’s share draft checking account is a checking account which offers the basic acceptability and convenience you’d expect and some attractive extras:

  • Earns Dividends with an average daily balance of $2,500 or more
  • No minimum balance requirement
  • No monthly service charges
  • No per check fees
  • Convenient monthly online or paper statements
  • Direct Deposit and payroll deduction available
  • 24 Hour account access through our automated phone teller, online access & ATMs
  • EZ Access Line of Credit Overdraft protection available

Maxi Share Money Market Account
With NMA’s Maxi Share account, you can enjoy the flexibility of a share savings account with the higher earning potential of a money market account! Earn dividends monthly on balances $2,500.00 and above.

Savings

Prime Share Savings Account

With as little as $5, you can open a prime share savings account and be well on your way to a safe and sound savings plan. Your member account is federally insured up to $250,000.00 by the National Credit Union Administration (NCUA). Dividends are paid quarterly on share savings accounts based on the average daily balance for the quarter on balances $250 and higher.

Vacation Club

Planning a family vacation to Florida? Or thinking about that dream vacation to Hawaii? Whatever the destination, let NMA help get you there! Start your account now! Set up a direct deposit or make as many regular deposits as you like. You decide the start and end date. Earn dividends once your balance reaches $250. Withdraw your funds whenever you’re ready to take your adventure!

Christmas Club

This is a great way to save for your holiday gift giving. Make as many deposits as you like. Earn dividends after you reach a balance of $250. The balance from your club account is transferred to your Share Savings or Share Draft account in October in time for holiday shopping! ABA Routing # 251481779

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.

IRA Accounts

Individual Retirement Account
Regardless of your income, or tax status, an Individual Retirement Account is a recommended means of assuring a more financially secure future. Traditional IRAs, IRAs and Roth IRAs are available through NMA Federal Credit Union.

You can contribute to a traditional IRA if you earn compensation, and you will not reach age 70 1/2 by the end of the year.

If you meet the eligibility test and you are under age 50, you can contribute up to $5,500 through 2016. For owners age 50 or older, limit is $6,500 for 2016.

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.

We offer competitive rates on IRA accounts along with the security of insurance by the National Credit Union Administration (NCUA). IRA accounts are insured up to $250,000 separately from other accounts. Dividends are paid quarterly, deposits earn from the date of deposit to the date of withdrawal and the account must be open at the end of the quarter to receive dividend payment.

There are no fees to open an IRA, and a minimum deposit of only $25.00. Deposits can be made in person, by mail or by direct deposit. An early withdrawal penalty may apply.