FINANCE: MEMBERSHIP RANKS GROWING; SMALL LOCAL BRANCHES TO EXPAND
Navy Fed Credit Union Finds Strength in Area’s Military Personnel
Monday, January 23, 2012
NAVY FEDERAL CREDIT UNION
CEO: Cutler Dawson.
Assets: $47 billion.
Net income: $475 million for the first nine months of 2011; $350 million for the first nine months of 2010.
No. of local branches: 22.
No. of local employees: 450.
Headquarters: Vienna, Va.
Year founded: 1933.
Company description: Federally chartered credit union.
Key factors for success: Branches near most bases; once a member, always a member.
The presence of the U...
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