Mar, 31, 2021 — NAVY FEDERAL CREDIT UNION is a federal credit union headquartered in VIENNA, VA with 345 branch locations and about $144.47 billion in total assets. Opened 74 years ago in 1947, NAVY FEDERAL CREDIT UNION has more than 10.3 million members and employs 18,924 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 LANE VIENNA, VA 22180 |
| Phone: | (888) 842-6328 |
| Fax: | |
| Website: | https://www.navyfcu.org/ |
| Branches: | 345 branch locations |
| Members: | 10,275,536 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5536 |
|---|---|
| Membership Type: | Military |
| Corporate Credit Union: | No |
| Year Opened: | 1947 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $144,468,996,333 |
| CEO/Manager: | Mary A McDuffie |
| Chairperson: | John A Lockard |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 22,392,746,088 |
| TOTAL INVESTMENTS | 24,852,315,890 |
| Loans Held for Sale | 2,608,818,933 |
| Real Estate Loans | 44,194,791,322 |
| Unsecured Loans | 25,018,475,517 |
| Other Loans | 19,150,389,325 |
| TOTAL LOANS | 88,363,656,164 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,623,935,981 |
| Land And Building | 1,637,730,349 |
| Other Fixed Assets | 683,920,426 |
| NCUSIF Deposit | 934,930,339 |
| All Other Assets | 5,618,814,125 |
| TOTAL ASSETS | 144,468,996,333 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 120,532 |
| Notes & Interest Payable | 6,743,044,768 |
| Accounts Payable & Other Liabilities | 2,710,021,723 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 25,882,976,916 |
| Regular shares | 30,548,057,473 |
| All Other Shares & Deposits | 63,778,829,155 |
| TOTAL SHARES & DEPOSITS | 120,209,863,544 |
| TOTAL LIABILITIES | 129,663,050,567 |
| Regular Reserve | 349,808,576 |
| Other Reserves | 14,406,137,190 |
| Undivided Earnings | 50,000,000 |
| TOTAL EQUITY | 14,805,945,766 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 144,468,996,333 |
| INCOME & EXPENSE | |
| Loan Income | 1,422,191,515 |
| Investment Income | 123,059,456 |
| Other Income | 125,253,162 |
| Total Employee Compensation & Benefits | 511,958,243 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 420,706,544 |
| Non-operating Income & (Expense) | 51,896,353 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 209,381,695 |
| Cost of Funds | 283,819,735 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 625,361,058 |
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