Sep, 30, 2022 — NAVY FEDERAL CREDIT UNION (NFCU) is a federal credit union headquartered in VIENNA, VA with 353 branch locations and about $156.55 billion in total assets. Opened 76 years ago in 1947, NAVY FEDERAL CREDIT UNION (NFCU) has more than 12.1 million members and employs 22,152 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: | 353 branch locations |
| Members: | 12,117,003 |
| 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: | $156,549,073,689 |
| CEO/Manager: | Mary A McDuffie |
| Chairperson: | John A Lockard |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 17,174,901,058 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 725,659,829 |
| Real Estate Loans | 50,240,499,366 |
| Unsecured Loans | 31,288,695,721 |
| Other Loans | 24,005,888,380 |
| TOTAL LOANS | 105,535,083,467 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,939,417,684 |
| Land And Building | 1,609,053,368 |
| Other Fixed Assets | 963,040,012 |
| NCUSIF Deposit | 1,160,751,487 |
| All Other Assets | 21,792,798 |
| TOTAL ASSETS | 156,549,073,689 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 4,565,000,000 |
| Accounts Payable & Other Liabilities | 3,113,711,593 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 30,254,886,072 |
| Regular shares | 36,129,339,235 |
| All Other Shares & Deposits | 68,933,986,857 |
| TOTAL SHARES & DEPOSITS | 135,318,212,164 |
| TOTAL LIABILITIES | 142,996,923,757 |
| Regular Reserve | 0 |
| Other Reserves | 13,152,341,356 |
| Undivided Earnings | 399,808,576 |
| TOTAL EQUITY | 13,552,149,932 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 156,549,073,689 |
| INCOME & EXPENSE | |
| Loan Income | 4,805,597,837 |
| Investment Income | 717,932,690 |
| Other Income | 494,669,076 |
| Total Employee Compensation & Benefits | 1,838,640,601 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,580,863,666 |
| Non-operating Income & (Expense) | 194,287,960 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,071,350,341 |
| Cost of Funds | 709,468,674 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,351,157,195 |
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