Navy Federal Credit Union is the largest retail credit union in the United States by both asset size and membership. Serving DoD service members and dependents, civilian employees and contractors, Navy Federal is dedicated to fostering financial health and well-being for the military, veterans, and their families. To celebrate nine decades of service, Navy Federal is partnering with nine military-focused nonprofit chapters and donating $10,000 grants to global and local organizations.
Navy Federal was established in 1933 with just seven members. In 2023, its boasts over 12 million members around the world. "We’re putting members first by taking care of their financial needs in our branches, online, over the phone and supporting the communities where they serve," said Navy Federal President and CEO Mary McDuffie in a press release. "Service has been at the heart of our organization for 90 years, and we’re proud to go beyond banking to support military communities through nonprofit partnerships that share our values."
The four national beneficiaries of Navy Federal's 90th Anniversary Give Back are the Air Force Aid Society, Army Emergency Relief, Coast Guard Foundation and Navy-Marine Corps Relief Society. These organizations provide financial relief to eligible service members in their respective branches.
With its Navy roots, Navy Federal is heavily involved in the local communities of Virginia, Florida and California. The local organizations receiving support from Navy Federal are the Armed Services YMCA of San Diego, Northern Shenandoah Valley Community Veterans Engagement Board, Pensacola Habitat for Humanity Veterans Build Program and Easterseals DMV Military Family Clinic Program.
Following its members, Navy Federal operates 166 branches on or near military installations across the country as well as 26 international locations. To that end, Navy Federal is also donating $10,000 to overseas services for the Navy-Marine Corps Relief Society. In addition to financial support, Navy Federal is proud to highlight the volunteer work of its team members with the aforementioned organizations to support the military community. The $90,000 donation by Navy Federal demonstrates its ongoing commitment to active duty military service members, veterans, and their families.
Feature Image: Navy Federal Credit Union