Jun, 30, 2021 — NAVY FEDERAL CREDIT UNION is a federal credit union headquartered in VIENNA, VA with 347 branch locations and about $147.90 billion in total assets. Opened 74 years ago in 1947, NAVY FEDERAL CREDIT UNION has more than 10.6 million members and employs 19,374 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: | www.navyfcu.org |
| Branches: | 347 branch locations |
| Members: | 10,577,946 |
| 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: | $147,898,793,565 |
| CEO/Manager: | Mary A McDuffie |
| Chairperson: | John A Lockard |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 21,913,050,522 |
| TOTAL INVESTMENTS | 26,774,943,774 |
| Loans Held for Sale | 3,528,959,466 |
| Real Estate Loans | 43,479,382,368 |
| Unsecured Loans | 25,601,212,669 |
| Other Loans | 20,035,378,531 |
| TOTAL LOANS | 89,115,973,568 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,200,626,282 |
| Land And Building | 1,629,853,842 |
| Other Fixed Assets | 677,797,659 |
| NCUSIF Deposit | 1,020,660,848 |
| All Other Assets | 5,438,180,168 |
| TOTAL ASSETS | 147,898,793,565 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 102,050 |
| Notes & Interest Payable | 6,656,817,728 |
| Accounts Payable & Other Liabilities | 2,898,602,657 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 25,874,061,836 |
| Regular shares | 31,548,958,004 |
| All Other Shares & Deposits | 64,955,899,986 |
| TOTAL SHARES & DEPOSITS | 122,378,919,826 |
| TOTAL LIABILITIES | 131,934,442,261 |
| Regular Reserve | 349,808,576 |
| Other Reserves | 15,564,542,728 |
| Undivided Earnings | 50,000,000 |
| TOTAL EQUITY | 15,964,351,304 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 147,898,793,565 |
| INCOME & EXPENSE | |
| Loan Income | 2,836,297,489 |
| Investment Income | 253,894,211 |
| Other Income | 258,200,607 |
| Total Employee Compensation & Benefits | 1,024,891,450 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 932,220,713 |
| Non-operating Income & (Expense) | -50,755,164 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -4,889,145 |
| Cost of Funds | 547,875,079 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,546,438,065 |
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