Mar, 31, 2022 — NAVY FEDERAL CREDIT UNION (NFCU) is a federal credit union headquartered in VIENNA, VA with 354 branch locations and about $160.44 billion in total assets. Opened 75 years ago in 1947, NAVY FEDERAL CREDIT UNION (NFCU) has more than 11.4 million members and employs 21,006 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NAVY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 820 Follin Ln SE VIENNA, VA 22180 |
| Phone: | (888) 842-6328 |
| Fax: | |
| Website: | www.navyfcu.org |
| Branches: | 354 branch locations |
| Members: | 11,423,451 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5536 |
|---|---|
| Membership Type: | Military |
| Corporate Credit Union: | No |
| Year Opened: | 1947 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $160,440,596,270 |
| CEO/Manager: | Mary A McDuffie |
| Chairperson: | John A Lockard |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 23,819,013,459 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 1,242,022,676 |
| Real Estate Loans | 47,031,687,641 |
| Unsecured Loans | 27,864,213,994 |
| Other Loans | 21,849,138,443 |
| TOTAL LOANS | 96,745,040,078 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,830,984,116 |
| Land And Building | 1,615,616,537 |
| Other Fixed Assets | 972,703,372 |
| NCUSIF Deposit | 1,123,106,458 |
| All Other Assets | 20,689,275 |
| TOTAL ASSETS | 160,440,596,270 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 6,798,237,950 |
| Accounts Payable & Other Liabilities | 2,749,940,718 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 30,934,891,219 |
| Regular shares | 36,124,339,448 |
| All Other Shares & Deposits | 68,379,156,261 |
| TOTAL SHARES & DEPOSITS | 135,438,386,928 |
| TOTAL LIABILITIES | 144,986,565,596 |
| Regular Reserve | 0 |
| Other Reserves | 15,404,030,674 |
| Undivided Earnings | 50,000,000 |
| TOTAL EQUITY | 15,454,030,674 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 160,440,596,270 |
| INCOME & EXPENSE | |
| Loan Income | 1,507,754,293 |
| Investment Income | 189,784,302 |
| Other Income | 149,065,352 |
| Total Employee Compensation & Benefits | 584,462,331 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 496,945,136 |
| Non-operating Income & (Expense) | 83,316,751 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 321,140,690 |
| Cost of Funds | 222,619,716 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 410,904,001 |
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