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Navy Federal Credit Union (or Navy Federal) is an American global credit union headquartered in Vienna, Virginia, chartered and regulated under the authority of the National Credit Union Administration (NCUA). Navy Federal is the largest natural member (or retail) credit union in the United States, both in asset size and in membership.
The company began in 1947 as the CIA Federal Credit Union to service civilian employees of the Central Intelligence Agency.Plans for an agency-specific credit union were initially outlined in August, under the CIA's predecessor Central Intelligence Group, and approved on August 12 by Director Roscoe H. Hillenkoetter.
As of March 2020, the largest American credit union was Navy Federal Credit Union, serving U.S. Department of Defense employees, contractors, and families of servicepeople, with over $125 billion in assets and over 9.1 million members. [5] Total credit union assets in the U.S. reached $1 trillion as of March 2012. [6]
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NFCU may refer to: Navy Federal Credit Union, a credit union based in Virginia; Nevada Federal Credit Union, a credit union based in Nevada;
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The National Credit Union Administration (NCUA) is an American government-backed insurer of credit unions in the United States, one of two agencies that provide deposit insurance to depositors in U.S. depository institutions, the other being the Federal Deposit Insurance Corporation (FDIC), which insures commercial banks and savings institutions.
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