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Home > Company Index > Banking > Banking - West > Navy Federal Credit Union

Navy Federal Credit Union
 PROFILE
"Once a member always a member" promises Navy Federal Credit Union (NFCU). The policy undoubtedly helped the 2 million members of NFCU become the nation's largest credit union. Formed in 1933, Navy Federal Credit Union provides US Navy and Marine Corps personnel and their families with checking and savings accounts, mortgages, IRAs, and a variety of loans (auto loans make up nearly 30% of NFCU's portfolio; mortgage loans add nearly 25%). Members (who can retain their credit union privileges even after discharge from the armed services) get access to Visa's PLUS Network and the Armed Forces Financial Network automated teller machines.

 COMPETITION
Bank of America Corporation (BAC)
U.S. Central Credit Union (dossier)
USAA (dossier)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 1,015.80
1-Yr. Sales Growth: 13.0%
Employees: 3,100
Revenue per employee: $327,677.42

 KEY PEOPLE
• Brian L. McDonnell
    CEO
• Brady Cole
    CFO

 CONTACT INFO
820 Follin Ln.
Vienna, VA 22180
US
Phone: 703-255-8000
Fax: 703-255-8741
Online: Web Site

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