Navy Federal Credit Union:

Navy Federal Credit Union was chartered in 1947 and its charter number is 5536. The National Credit Union Administration (NCUA) is the federal agency that charters and supervises federal credit unions and insures savings in federal and most state-chartered credit unions across the country. Navy Federal Credit Union's address registered with the NCUA is P.O. BOX 3000, Merrifield, VA 22119-3000. As of 10/26/06, Navy FCU reported $26,346,342,344 in assets. The credit union currently has 2,790,755 members. It's Manager/CEO is Cutler Dawson. The credit unions website is www.navyfederal.org.

Navy Federal Credit Union is a member of the Virginia Credit Union League.


Mortgage Options

Navy Federal offers both fixed and adjustable rate mortgages. They also have some interest-only options. You can get a conventional loan for up to $417,000 or a jumbo mortgage up to $2 million. The credit union offers Balloon Mortgages, which give lower initial interest rates and lower monthly payments with options for re-financing at the end of the 7 year term. For the first-time home buyer, NFCU has a no down payment option called Homebuyer’s Choice.

Navy Federal Credit Union Mortgage Rates - You can follow this link to see Navy Federal's Interest Rates. Afterward, use the form at the top of our page to compare other lenders to Navy FCU.


Navy Federal Financial Evaluation

As of December 31, 2006
Total Assets: $27,121,892,012
Total Loans: $20,577,550,420
Net Worth Ratio: 11.56
% Share Growth: 9.32
% Loan Growth: 23.20
Loans/Assets Ratio: 75.87
Investment/Assets Ratio: 18.35
Number of Members: 2,823,663
Number of Full-time Employees: 5,282

In the year of 2006, Navy Federal Credit Union assets increased by 0.09% and its membership increased by 0.14%. Navy Federal CU's membership increased by a total of 157,804 members. Assets increased by the amount of $247,753,521. The total loan amounts went from $16,703,197,810 in 2005 to $20,577,550,420 in 2006. Their net worth ratio increased to 11.56. Navy Federal CU increased their job opportunities to 5,282 by adding 762 employees.

As of December 31, 2005
Total Assets: $24,644,356,803
Total Loans: $16,703,197,810
Net Worth Ratio: 10.93
% Share Growth: 7.50
% Loan Growth: 15.48
Loans/Assets Ratio: 67.78
Investment/Assets Ratio: 26.28
Number of Members: 2,665,859
Number of Full-time Employees: 4,520

In the year of 2006, Navy Federal Credit Union assets increased by 0.07% and its membership increased by 0.06%. Navy Federal CU's membership increased by a total of 151,685 members. Assets increased by the amount of $174,742,952. The total loan amounts went from $14,463,659,282 in 2005 to $16,703,197,810 in 2006. Their net worth ratio increased to 10.93. Navy Federal CU increased their job opportunities to 4,520 by adding 309 employees.

As of December 31, 2004
Total Assets: $22,896,927,280
Total Loans: $14,463,659,282
Net Worth Ratio: 10.60
% Share Growth: 11.66
% Loan Growth: 11.25
Loans/Assets Ratio: 63.17
Investment/Assets Ratio: 30.55
Number of Members: 2,514,174
Number of Full-time Employees: 4,211

 
 
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Navy Federal is located in following states: Arizona, California, Connecticut, Washington DC, Florida, Georgia, Hawaii, Maryland, Maine, Mississippi, North Carolina, New Jersey, New York, Ohio, Rhode Island, South Carolina, Tennessee, Texas, Virginia, and Washington.

Arizona:
Navy Federal Credit Union has 2 locations in Arizona. Both of the location are in Yuma. One of the locations is at the Corner of Martini and Hart Street and the other is at 1683 S. Arizona Avenue.

California:
Navy Federal Credit Union has 11 branches in California. There is one in Carlsbad at 1824 Marron Road Suite 112. In Chula Vista, you can find Navy FCU at 1450 Eastlake Parkway. In Oceanside, Navy Federal is located at 4180 Avenida De La Plata. The credit union has 2 locations in Escondido: 1655 East Valley Parkway, and 615 El Norte Parkway. You can find them at 855 N. Lemoore Avenue in Lemoore, the Naval Post Graduate School in Monterey, and 519 Westminster Mall in Westminster. San Diego has 3 locations: 555 Saturn Blvd, 620 Gateway Center Dr, and 8660 Rio San Diego Dr.

Connecticut
In Connecticut, Navy Federal has 3 locations. There is one in Groton at 24 Sailfish Dr and two in New London (15 Mohegan Ave & US Submarine Base #484).

Washington DC:
There are 2 branches for Navy Fcu located at 2316 16th St SE & 3801 Nebraska Ave NW.

Florida:
If you live in Florida, you can find Navy Federal Credit Union in:
Jacksonville (11300 Beach Blvd & 8102 Blanding Blvd)
Miami (909 SE First Avenue Room 600)
Winter Park (443 S Semoran Blvd).

Georgia:
Navy Federal has the following 5 locations in Georgia: 814 Radford Blvd. Bldg. 3600 in Albany, 1229 Uss Daniel Boone Ave & 1065 Georgia Avenue in Kings Bay, 1425-102 Prince Ave in Athens, 569 Charlie Smith Sr Highway in Saint Marys, and 1351 E. Boone Avenue in Kingsland.

Hawaii:
Navy Federal has one branch in Kailua at 25 Kaneohe Bay Dr Ste 220 and another branch at 850 Ticonderoga St Ste 852.

Maryland:
In Maryland, Navy FCU has 3 locations in California (22598 MacArthur Blvd), Annapolis (321 Kinkaid Rd), and Suitland (4251 Suitland Rd).

Maine:
NFCU has one branch in Brunswick, Maine at 1000 Burbank Ave.

Mississippi:
For those living in Mississippi there is only one branch in Meridian, MS at 1155 Rosenbaum Ave.

North Carolina:
Whether you are driving through or live in North Carolina you can find Navy Federal in Jacksonville at 201 Wilmington Hwy and 302 Western Blvd. NFCU also has a location at 426 Westbroole Shopping Center in Havelock.

New Jersey:
You can find a branch of Navy FCU in Cherry Hill, New Jersey, at 1445 Brace Rd Ste F.

New York:
In New York, Navy Federal has a location in Saratoga Springs (279 Washington St) and one in Great Neck (300 Steamboat Rd).

Ohio:
In Cleveland, Ohio, Navy Federal has a location at 1240 E 9th St.

Rhode Island:
The credit union has one location in Rhode Island: 1 Corporate Place in Middletown.

South Carolina:
You can find three branches in Beaufort (21 Willis Rd Bldg 21, McRd Bldg 202, Pinckney Blvd) and one branch in Charleston (7800 Rivers Ave North).

Tennesee:
In Memphis, TN you can find the credit union at 2235 Covington Pke.

Texas:
In Texas there are 3 branches: 1102 Green Oaks Rd in Fort Worth, 1351 Honeysuckle Dr in Killeen, and 1536 Wildcat Dr in Portland.

Virginia:
Virginia is were Navy Federal is headquartered and they have 10 locations. There is one in Barboursville at Ballston Towers, Fredericksburg at 900 Bragg Rd, and one in Newport News at 509 Viking Dr Ste J. The credit union has two branches in Norfolk at 1530 International Blvd and 7979 Hampton Blvd. In Stafford the branch is located at 261 Garrisonville Rd. The CU has locations in Woodbridge (2898 Dale Blvd) and Vienna (1007 Electric Ave) as well. Virginia Beach has two braches; one at 4693 Columbus St and the other at 5269 Providence Rd.

Washington:
In the state of Washington, Navy Federal has 4 different locations. There is one in Bremerton at 4980 Auto Center Way. The other three are in Marysville (13910 45th Ave NE Rm 821), Oak Harbor (275 SE Cabot Dr Ste A5), and Silverdale (2238 NW Bucklin Hill Rd).


Navy FCU News

On April 11, the sailors' unit, Explosive Ordnance Disposal Mobile Unit 11, established memorial fund accounts with the Navy Federal Credit Union for the men's families. Donations may be made to any Navy Federal Credit Union worldwide in the name of each sailor.

On April 2, iDashboards, the leader in Business Intelligence dashboard software, announced that Navy Federal Credit Union has selected iDashboards’ customizable, graphically rich dashboard technology to boost business performance.

On March 15, Amy Wolber represented Navy Federal Credit Union as members Eastern Connecticut Council of the Navy League applauded IT2 Allison Whitaker and MM2(SS) Lloyd Strough. Whitaker was selected as the 2007 Sea Service Person of the Year. Strough was their choice for 2007 Shore Service Person of the Year.


Other Credit Union News:

Lowell police cracking down on crime
Lowell Sun - Feb 6, 2008
LOWELL -- Robbers hit six banks since November. Three were "just doors down the road" from Mike Kijanka. "Too close for comfort," said Kijanka, a vice president at Jeanne D'Arc Credit Union at 658 Merrimack St.

Full Story: http://www.lowellsun.com/ci_8185186

VFCU expands in Cameron County
The Brownsville Herald - Feb 17, 2008
VFCU, a member-owned cooperative financial institution since 1935, has expanded services to include all Cameron County residents.

Full Story: http://www.brownsvilleherald.com/news/promotion_84497___article.html/vfcu_home.html


Website Review:

Navy Federal's website is www.navyfcu.org. It currently has a Google Pagerank of 5. The website's traffic rank on Alexa is 15,052. The website visitors on average only view 1.3 unique pages per day. Navyfcu.org has over a thousand pages, so this is quiet interesting to know about the users that go to their website. You would think that the visitors would view more than just 1 when they go to this site. The main colors that Navy Federal uses is blue and a dark red. Overall, it looks like a very nice site. Right at the top of the website they have their logo and links to locations/ATMs, a sitemap, contact us, and an about us link. The "Locations" page is one of the better locations pages that I have seen out there for banks and credit unions. All you have to do is select what state you are looking for and select the service and click "Locate". Alot of other websites make you put in alot of other information like city and zip code, when they might not even have a location in that state. Navy Federal only lets you choose from states where they have a location. If you click on their sitemap it is laid out great. You can access product information, financial planning tools, and neccesary forms and applications. You can click on rates right on their homepage. A pop-up window will show you the rates. Once you close it you are right back at the homepage. The only thing that we found a little tricky for beginners on the internet users was their left side navigation. When you click on a tab, such as "Savings & Checking", it brings up subtags that can be hard for some mouses to get over to without it disappearing. After reviewing www.navyfcu.org intensely, we highly recommend it as a great resource.


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