What is the Navy Federal Credit Union?
The Navy Federal Credit Union is a credit union located in Vienna, Virginia. As the name suggests, the Navy Federal Credit Union is regulated and formally chartered under the authority of the United States Navy and the National Credit Union Administration of the United States Federal Government.
The Navy Federal Credit Union is the largest credit union in the world; the establishment has over $41.4 billion in assets and a staggering 3.4 million members. Furthermore, Fortune magazine listed the Navy Federal Credit Union as the 78th best company to work for in the United States.
Membership Requirements:
Membership requirements for the Navy Federal Credit Union are set by the National Credit Union Administration. Similar to all credit unions in the United States, membership in the Navy Federal Credit Union is strictly limited to individuals who share the common bond defined in the organization’s union charter. More specifically, membership in the navy Federal Credit Union is limited to:
o All Department of Defense uniformed personnel, meaning all Army, Navy, Air Force and Marine Corps members and retirees
o All Department of Defense Reservists
o All Army and Air National Guard personnel
o All Department of Defense civilian employees
o All Department of Defense Officer Candidate programs
o All Department of Defense contractors who are specifically assigned to U.S. government installations
o Employees of the Navy Federal Credit Union
o And lastly, Family members, including, parents, spouses, siblings, grandparents, grandchildren and children of the aforementioned parties.
