Dec, 31, 2020 — NAVY FEDERAL CREDIT UNION is a federal credit union headquartered in VIENNA, VA with 345 branch locations and about $135.66 billion in total assets. Opened 74 years ago in 1947, NAVY FEDERAL CREDIT UNION has more than 9.9 million members and employs 18,718 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: | 9,927,166 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5536 |
|---|---|
| Membership Type: | Military |
| Corporate Credit Union: | No |
| Year Opened: | 1947 |
| Last Audited: | Dec 01, 2019 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $135,663,493,987 |
| CEO/Manager: | Mary A McDuffie |
| Chairperson: | John A Lockard |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 16,750,289,561 |
| TOTAL INVESTMENTS | 22,964,859,219 |
| Loans Held for Sale | 3,501,911,774 |
| Real Estate Loans | 43,673,127,603 |
| Unsecured Loans | 25,841,364,521 |
| Other Loans | 18,663,446,574 |
| TOTAL LOANS | 88,177,938,698 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,620,568,613 |
| Land And Building | 1,639,475,901 |
| Other Fixed Assets | 719,646,154 |
| NCUSIF Deposit | 934,930,339 |
| All Other Assets | 3,595,010,954 |
| TOTAL ASSETS | 135,663,493,987 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 144,375 |
| Notes & Interest Payable | 6,510,001,160 |
| Accounts Payable & Other Liabilities | 3,015,813,311 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 23,244,867,724 |
| Regular shares | 26,098,089,422 |
| All Other Shares & Deposits | 61,862,146,759 |
| TOTAL SHARES & DEPOSITS | 111,205,103,905 |
| TOTAL LIABILITIES | 120,731,062,751 |
| Regular Reserve | 349,808,576 |
| Other Reserves | 14,532,622,660 |
| Undivided Earnings | 50,000,000 |
| TOTAL EQUITY | 14,932,431,236 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 135,663,493,987 |
| INCOME & EXPENSE | |
| Loan Income | 5,764,308,843 |
| Investment Income | 476,228,401 |
| Other Income | 1,834,760,201 |
| Total Employee Compensation & Benefits | 1,886,560,889 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,989,602,694 |
| Non-operating Income & (Expense) | 254,064,749 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,201,114,308 |
| Cost of Funds | 1,442,083,016 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 810,001,287 |
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