Dec, 31, 2021 — NAVY FEDERAL CREDIT UNION (NFCU) is a federal credit union headquartered in VIENNA, VA with 351 branch locations and about $153.43 billion in total assets. Opened 75 years ago in 1947, NAVY FEDERAL CREDIT UNION (NFCU) has more than 11.1 million members and employs 20,602 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: | 351 branch locations |
| Members: | 11,133,370 |
| 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: | $153,432,982,678 |
| CEO/Manager: | Mary A McDuffie |
| Chairperson: | John A Lockard |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 24,366,337,629 |
| TOTAL INVESTMENTS | 29,265,909,834 |
| Loans Held for Sale | 1,875,192,420 |
| Real Estate Loans | 45,217,034,571 |
| Unsecured Loans | 27,460,539,006 |
| Other Loans | 21,258,486,557 |
| TOTAL LOANS | 93,936,060,134 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,780,354,648 |
| Land And Building | 1,622,044,640 |
| Other Fixed Assets | 681,301,317 |
| NCUSIF Deposit | 1,123,106,458 |
| All Other Assets | 2,343,384,894 |
| TOTAL ASSETS | 153,432,982,678 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 83,165 |
| Notes & Interest Payable | 6,017,208,499 |
| Accounts Payable & Other Liabilities | 2,745,957,338 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 27,356,837,645 |
| Regular shares | 33,498,382,315 |
| All Other Shares & Deposits | 66,904,364,102 |
| TOTAL SHARES & DEPOSITS | 127,759,584,062 |
| TOTAL LIABILITIES | 136,522,833,064 |
| Regular Reserve | 349,808,576 |
| Other Reserves | 16,510,341,038 |
| Undivided Earnings | 50,000,000 |
| TOTAL EQUITY | 16,910,149,614 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 153,432,982,678 |
| INCOME & EXPENSE | |
| Loan Income | 5,759,229,441 |
| Investment Income | 563,971,614 |
| Other Income | 536,161,746 |
| Total Employee Compensation & Benefits | 2,151,823,237 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,085,374,444 |
| Non-operating Income & (Expense) | -320,250,429 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 19,041,518 |
| Cost of Funds | 1,022,145,954 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,715,070,608 |
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