Navy Federal Credit Union 2009 Annual Report Download - page 2
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Financial Summary
Honoring Tradition
Navy Federal began serving members in 1933 and ended its first year with 49 members
and $450 in assets. From these humble beginnings, Navy Federal has become the world’s
largest credit union. Today, Navy Federal serves 3.4 million members and has nearly
$40 billion in assets.
Navy Federal’s success has been built on a tradition of member trust and confidence.
Our members trust us to be there for them, helping them achieve their financial goals,
whether they are active duty, civilian or retired. ey trust us to offer world-class products
and services—without the worry over fine print. ey have confidence that we will
continue our practice of a principled, disciplined approach to business and decision making.
Honoring tradition has served us well for over 76 years. It helped make 2009 an
exceptional year and will pave the way for success in 2010 and beyond.
Sources that the numbers are extracted from:
Annual Reports: Consolidated Statements of Financial Condition, Consolidated Statements of Operations
Management Reports: Mortgage Loans Serviced, Membership Net Growth