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Navy Federal is a non-profit, member-owned financial institution that offers different account services exclusively to all Departments of Defense. These defense departments that are eligible to avail the assistance of the credit union from the Navy Federal include the: 

  • Navy 
  • Army
  • Air Force
  • Marine Corps 
  • All military personnel 
  • Retired and annuitants 
  • Families of the military officers and personnel  

The establishment of the Navy Federal Credit Union brings relief and financial stability in the lives of military veterans and provides them with manageable terms to get loans.  

History of Navy Federal Credit Union

Navy Federal Credit Union was founded in 1933. Initially, it was started by a group of seven navy employees who envisioned helping people in the navy department who coped with financial issues. They wanted to create a safe haven for navy employees with similar needs where they could deposit their money reserves, earn dividends, and loan money at low interest rates. 

This group of people invested money together to create the credit union while extending a hand to others who would be interested in the cause. 

Today, Navy Federal is the largest credit union organization in the United States that has 10 million membership holders and $148 billion in assets.   

Navy Federal Company’s Expansion  

Navy Federal’s expansion is commendable. Its growth rate is very high. Over the years, this credit union step by step opened up memberships to different departments of defense, including their families. Exactly 10,577,946 members are now a part of the Navy Federal Credit Union. This not-for-profit financial organization houses 22,400 employees. 

Currently, Navy Federal has 346 branches and 30,000 plus ATMs worldwide. In other words, it has a vast network to provide services to people belonging to all military departments and veterans with their families. 

Key Facts about Navy Federal 

The Credit union is not exactly a bank, but its functions are like a bank while providing several financial services to its members. The members are the owners that select volunteering individuals for the board of directors through a vote. 

The board of directors then handles all credit union operations under the check and control of all Navy Federal members. 

Company’s Location

Navy Federal’s headquarters are present in Vienna, Virginia, United States. With its 346 branches running worldwide, you can locate the nearest branch present in your country and area through Navy Federal’s website. 

Company’s Operating Hours 

The company’s operating hours are Monday through Friday from 9 am to 5 pm, depending on the time zone. 

FAQs 

How to contact Navy Federal? 

You can contact Navy Federal Credit Union through their website. The website contains all the required phone numbers and chat support, allowing you to instantly get in touch with the company’s representative. 

Can adopted children become members of Navy Federal? 

Yes, adopted children of current Navy Federal members are eligible to join the membership of this organization. 

How many saving accounts can I open in Navy Federal Credit union? 

You can open unlimited saving accounts in Navy Federal Credit Union. 

Conclusion

Navy Federal Credit Union is a financial organization that provides all financial services and benefits at reasonable rates. Specifically established for the Navy officers, this company expanded its range, allowing all the other military-related departments and their families to become members. 

Today, Navy Federal is the number one credit union in the entire USA that successfully manages its operations all over the world.  

Typical Hours of Operation

Mo 9:00 - 17:30
Tu 9:00 - 17:30
We 9:00 - 17:30
Th 9:00 - 17:30
Fr 9:00 - 17:30
Sa 9:00 - 13:00
Su Closed

Locations: 261 locations in 34 states and 180 cities.

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  • Loans
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  • Credit Unions

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