Nuvision Federal Credit Union Review 2024 (2024)

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The bottom line:You might find Nuvision Federal Credit Union worthwhile if you live in Alaska, Arizona, California, Washington, or Wyoming, and prioritize banking with a local financial institution. But if you would rather bank at a place that offers more competitive savings rates, one of the best online banks may be a better fit.

Nuvision Federal Credit Union Review: Overall Rating

Nuvision Federal Credit Union Pros and Cons

Nuvision Credit Union Bank Account Reviews

Nuvision Credit Union Primary Savings

You must open Nuvision Federal Credit Union Primary Savings 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 0.10% APY, which is less than the average savings account.

Nuvision Credit Union Simple Checking

Nuvision Federal Credit Union Simple Checking 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 the $6 monthly service fee 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.

Nuvsion Credit Union Share Certificates

Nuvision Federal Credit Union Nuvision Federal Credit Union Fixed Rate Share Certificates are some 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.

Nuvision Credit Union Advantage Choice Money Market Account

The Nuvision Federal Credit Union Nuvision Federal Credit Union Advantage Choice Money Market Account 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 Nuvision Federal Credit Union Fixed Rate Share Certificates, only certain members qualify for this money market account. 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.

About Nuvision Federal Credit Union

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 4.0 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 Boeing employee in Southern California or Mesa, Arizona
• You work for a Select Employer Group
• 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 Federal Credit Union Primary Savings with a minimum opening deposit of $5.

The Role of Community Development Financial Institutions

CDFIsserve low-income and disadvantaged communities. Banks andcredit unionshave to undergo certification by theUS Department of Treasury's Community Development Financial Institutions Fundand 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.

Is Nuvision Federal Credit Union Trustworthy?

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 due to the volume 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 FAQs

Why You Should Trust Us: How We Reviewed Nuvision Federal Credit Union

We reviewed Nuvision's checking, savings, and money market accounts using our bank account methodology. For Nuvision CDs, we used our certificate of deposit methodology. Each account receives a rating between 0 and 5.

We evaluate ethics, customer service, and the mobile app for each type of account. For other factors considered, it depends on which type of account we're reviewing. For example, we look at overdraft protection for checking accounts and early withdrawal penalties for CDs.

How Nuvision Federal Credit Union Compares

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.

If you're 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.

For the most part, Nuvision 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.

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 Federal Credit Union Simple Checking if you live in a state other than Washington or Alaska.

Nuvision Federal Credit Union vs. Chase Bank

Nuvision is the clear choice if you prioritize working with a local, mission-driven organization. But Chase Bank is a good option if you want a bank with a national presence; it has branches in all 48 lower states. (Keep in mind, though, that this means it doesn't have branches in Alaska like Nuvision does.)

Chase is also a good option for earning a bank account bonus. Depending on which checking account you open and whether you meet qualifications, you could qualify for up to $3,000 as a bonus.