3. Best Credit Union for Military: Navy Federal Credit Union
Navy Federal Credit Union
Courtesy of Navy Federal Credit Union
Unlike most others on this list, everyone can’t join Navy Federal Credit Union. However, any active military, retired military and their families can join. Employees of the Department of Defense (DoD), government employees assigned to a DoD location and contractors at DoD installations and their families are all eligible to join as well.
If you qualify, this credit union has top ratings for customer service and offers great options for checking, savings, credit cards and loans. Like all credit unions, Navy Federal is a nonprofit, so members get better interest rates than you can typically find with a bank.
The big downsides are a high balance to avoid a monthly fee on the most popular checking account and lower interest rates than some competitors on this list. But if you live on or near a base, Navy Federal Credit Union might be right for you.