Sep, 30, 2021 — NAVY FEDERAL CREDIT UNION (NFCU) is a federal credit union headquartered in VIENNA, VA with 348 branch locations and about $151.02 billion in total assets. Opened 75 years ago in 1947, NAVY FEDERAL CREDIT UNION (NFCU) has more than 10.9 million members and employs 19,948 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: | 348 branch locations |
| Members: | 10,890,757 |
| 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: | $151,023,129,003 |
| CEO/Manager: | Mary A McDuffie |
| Chairperson: | John A Lockard |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 22,507,330,536 |
| TOTAL INVESTMENTS | 27,715,863,473 |
| Loans Held for Sale | 2,255,714,243 |
| Real Estate Loans | 43,393,220,282 |
| Unsecured Loans | 26,431,625,327 |
| Other Loans | 20,752,005,859 |
| TOTAL LOANS | 90,576,851,468 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,992,063,487 |
| Land And Building | 1,626,170,577 |
| Other Fixed Assets | 662,707,831 |
| NCUSIF Deposit | 1,020,660,848 |
| All Other Assets | 6,649,893,514 |
| TOTAL ASSETS | 151,023,129,003 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 95,198 |
| Notes & Interest Payable | 6,063,970,394 |
| Accounts Payable & Other Liabilities | 2,675,489,735 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 27,440,903,933 |
| Regular shares | 32,646,088,594 |
| All Other Shares & Deposits | 65,743,616,424 |
| TOTAL SHARES & DEPOSITS | 125,830,608,951 |
| TOTAL LIABILITIES | 134,570,164,278 |
| Regular Reserve | 349,808,576 |
| Other Reserves | 16,053,156,149 |
| Undivided Earnings | 50,000,000 |
| TOTAL EQUITY | 16,452,964,725 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 151,023,129,003 |
| INCOME & EXPENSE | |
| Loan Income | 4,279,992,732 |
| Investment Income | 409,292,334 |
| Other Income | 390,766,441 |
| Total Employee Compensation & Benefits | 1,576,819,082 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,465,159,219 |
| Non-operating Income & (Expense) | -144,454,905 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -17,489,156 |
| Cost of Funds | 792,222,231 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,207,864,563 |
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