Navy Fed or Navy Federal Credit Union is a Virginian credit union. Recent news, Navy Federal has licensed Esri Business Analyst software and an extensive array of business data to support its expansion strategy over the next several years. To meet membership growth demands, the credit will leverage the Business Analyst platform to optimise its network of bank branches and decide on a distribution strategy for financial services products.
Navy Federal is headquartered in Vienna, Virginia, chartered and regulated under the authority of the National Credit Union Administration (NCUA) of the U.S. federal government. Navy Federal is the largest natural member (or retail) credit union in the world, both in asset size and in membership. As of October 2010, Navy Federal had over $41.4 billion USD in assets, and over 3.4 million members.
Since 1933, Navy Federal has grown from seven members to over 3 million members. And lately, Navy Federal was ranked number 78 on the 2008 Fortune's 100 Best Companies to Work For list, which is produced by the Great Place to Work Institute.
Navy Federal has over 200 branches and over 450 ATMs, located both inside the United States and abroad as of January 2011. Navy Federal offers extensive online services via its corporate website, Navy Federal Online. In addition, members can make ATM transactions through the CO-OP network at 5,500 7-eleven locations (and other Credit Unions) in the U.S. and Canada without any surcharge fees. Navy Federal is the world's largest credit.
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