VIENNA, Va.--(BUSINESS WIRE)--May 11, 2023--
In celebration of 9 decades of service, Navy Federal Credit Union is partnering with 9 military-focused nonprofit chapters to champion their communities by donating $10,000 grants to global and local organizations. Championing community and philanthropic giving are some of the many ways that Navy Federal serves its global membership base.
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“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 Mary McDuffie, President and CEO at Navy Federal. “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.”
National beneficiaries of Navy Federal’s 90th Anniversary Give Back include:
The credit union is also focusing on local causes near campus locations across Florida, Virginia and California to strengthen its impact in communities where team members volunteer their time, as well as support the specific needs of resident military families. The organizations include:
- Armed Services YMCA of San Diego
- Northern Shenandoah Valley Community Veterans Engagement Board
- Pensacola Habitat for Humanity Veterans Build Program
- Easterseals DMV Military Family Clinic Program
With 166 branches on or near military instillations and 26 international locations, Navy Federal is also donating $10,000 to overseas services for Navy-Marine Corps Relief Society. Team members in Okinawa, Japan are closely connected to the nonprofit’s local chapter to support servicemembers stationed overseas.
In addition to philanthropic giving, volunteerism and intentional nonprofit partnerships, Navy Federal is proud to be the most trusted financial institution for the military community for 90 years.
In total, Navy Federal members earned and saved $3.8 billion in 2022; individually members could earn and save $473 per year by banking with us. 1 By offering exclusive rates and discounts, maintaining low-to-no fees and higher saving rates, and providing an average credit card APR that’s lower than the industry average 2, the credit union continues to prioritize members’ financial goals. For more information, visit navyfederal.org.
About Navy Federal Credit Union: Established in 1933 with only 7 members, Navy Federal now has the distinct honor of serving over 12 million members globally and is the world’s largest credit union. As a member-owned and not-for-profit organization, Navy Federal always puts the financial needs of its members first. Membership is open to all Department of Defense and Coast Guard Active Duty, veterans, civilian and contractor personnel, and their families. Dedicated to its mission of service, Navy Federal employs a workforce of over 23,000 and has a global network of 357 branches. For more information about Navy Federal Credit Union, visit navyfederal.org. Federally insured by NCUA. Equal Opportunity Employer.
1 Dollar values shown represent the results of the 2022 Navy Federal Member Giveback Study. The Member Giveback Study takes into consideration internal market analyses comparing Navy Federal products with industry national averages, as well as discounts, incentives, and other savings.
2 Credit card value claim based on an internal analysis of Navy Federal’s average credit card APR assigned to members compared to the average advertised credit card industry APR in 2022. The 2022 industry average data was obtained from creditcards.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20230511005666/en/
CONTACT: Media Contact: Haley Revette
Corporate Communications
Phone: (858) 899-3988
Email:Haley_Revette@navyfederal.org
KEYWORD: VIRGINIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: OTHER PHILANTHROPY DEFENSE OTHER DEFENSE MILITARY FINANCE BANKING PROFESSIONAL SERVICES PHILANTHROPY
SOURCE: Navy Federal Credit Union
Copyright Business Wire 2023.
PUB: 05/11/2023 11:19 AM/DISC: 05/11/2023 11:19 AM
http://www.businesswire.com/news/home/20230511005666/en
