We want to inform you about several important changes that are taking place at your Credit Union. Members have come to expect the best and easiest banking experience from NNMECU, and we've worked hard to deliver on that expectation. For over 70 years, we have developed strong relationships with our family of members and have sought to bring you some of the best electronic and remote banking services available.
You have responded with your continued loyalty and support and use of those electronic means of banking! The added convenience and ease of transacting business without needing to come into an office has become so popular with members that it has notably reduced the usage of our branch location to the point where it can no longer operate efficiently.
You have responded with your continued loyalty and support and use of those electronic means of banking! The added convenience and ease of transacting business without needing to come into an office has become so popular with members that it has notably reduced the usage of our branch location to the point where it can no longer operate efficiently.
Services
Newport News Municipal Employees Credit Union is a nonprofit, cooperative savings and lending organization. It is owned and controlled by its members. After 25 years of operation the credit union reached its first $1 million in assets. Since that time we have continued to expand our many services to our members.
Platinum Member Preferred Rate: You may receive an additional discount of 1.00% on the APR for personal loans and a.50% discount on the APR for vehicle loans by qualifying as a Platinum Member.
In order to qualify for the Preferred Rate you must have the following account relationships: A Share Draft Account with Debit Card; Direct Deposit; $10,000 in loan balances AND $1,000 in deposits (excluding share draft account balances) OR $10,000 in deposits (excluding share draft account balances).
In order to qualify for the Preferred Rate you must have the following account relationships: A Share Draft Account with Debit Card; Direct Deposit; $10,000 in loan balances AND $1,000 in deposits (excluding share draft account balances) OR $10,000 in deposits (excluding share draft account balances).
CDs (Certificates of Deposit) are term share accounts, with terms ranging from 1 - 4 years. There is a minimum amount required to open a CD, usually $500 or $2,500. NNMECU offers both Traditional and Roth IRAs as well as Coverdell ESA Accounts. Call one of our Member Services representatives at 757-249-1003 to determine which plan is best for you.
What is Earned Rate Lending (ERL)? ERL is exactly that - the rate you earn based on your credit worthiness determined by your credit score. Your credit history plays an important role in determining your loan rate. Members who have worked to build and maintain a good credit history are rewarded with lower loan rates.
If USED, a buyer's order & "book out" sheet. For quality used cars at affordable prices, we encourage you to check out Enterprise Car Sales! With their NEW PENINSULA LOCATION, shopping for that car has never been so convenient!. Vacation Loan Special - Back by popular demand, you can borrow and save 50% off of the rate that you normally qualify for.
