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Why Use a Credit Union?

Credit Unions have had a significant positive impact on the lending industry. Today, the use of a Credit Union is one of the key strategies used by sophisticated borrowers.

What Do Credit Unions Do?

Credit Unions accept deposits from members who are actually owners of the Credit Union.  Credit Unions then lend out that money to its members as a variety of loan products.  Credit Unions usually only offer those products and services that will be requested most by the majority of its members.  However, since Credit Unions stress service over profitability, rates might be better at a Credit Union than those offered by banks.

A Credit Union also:

  • Explains financing program options
  • Informs you of lock-in options
  • Explains all documents of the loan application
  • Explains all associated costs of the loan application
  • Explains the disbursement of all loan applications
  • Explains the loan process, from application to closing
  • Provides you with a good faith estimate of cost and fees
  • Communicates with you throughout the loan process in a timely manner
  • Coordinates the final closing of your transaction

What is NGFCU?

Northrop Grumman Federal Credit Union, or NGFCU, as a member-owned financial cooperative, exists to provide efficient, convenient, attractively priced financial products and services to satisfy the requirements of its membership.

NGFCU Handles the Details!

We have an experienced staff that offers expertise in residential mortgage lending...from purchase of your first home to refinance of your existing home. Our lending specialists are dedicated to finding the right loan - with the competitive rate, fair terms and low costs - to meet your unique needs.

There are literally thousands of variables that can affect the outcome of your mortgage transaction. That's why you need NGFCU to act as a liaison between the title and escrow company, real estate agent, lender, appraiser, credit agency, the underwriters, the processors, attorneys, and any other services which may affect your transaction.

But that's just the beginning of our service. Throughout the lending process, we provide regular loan updates and progress reports so you always know the status of your loan.

We look forward to helping you with your mortgage needs.

Northrop Grumman Federal Credit Union
879 WEST 190TH STREET, GARDENA, CA  90248
Toll Free:  (800) 633-2848
1stTrustDeedCallBacks@ngfcu.us
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