What is "navy federal"?

Navy Federal Credit Union is one of the largest credit unions in the United States, serving over 10 million members and offering a wide range of financial products and services. Founded in 1933, Navy Federal is a member-owned, not-for-profit financial institution that primarily serves members of the military, veterans, and their families.

One of the key benefits of being a member of Navy Federal is the personalized customer service and support that they offer. Members have access to a dedicated team of financial experts who can help them with everything from opening a new account to applying for a loan or mortgage. This level of personalized service sets Navy Federal apart from many traditional banks, where customers may feel like just a number.

Navy Federal offers a variety of financial products, including checking and savings accounts, credit cards, auto loans, mortgages, and investment services. They also provide access to online and mobile banking, making it easy for members to manage their finances from anywhere. Navy Federal's online banking platform is user-friendly and offers features like bill pay, account alerts, and budgeting tools to help members stay on top of their finances.

One of the standout features of Navy Federal is their competitive interest rates on savings accounts, CDs, and loans. Members can take advantage of higher-than-average rates on their savings, helping them grow their money faster. Navy Federal also offers low rates on auto loans, mortgages, and personal loans, making it an attractive option for members looking to borrow money.

In addition to their financial products and services, Navy Federal also offers a range of benefits to its members, including discounts on car rentals, insurance products, and travel services. They also have a network of ATMs and branches located on military bases and in select civilian locations, making it convenient for members to access their accounts in person.

Navy Federal is known for its commitment to serving the military community and giving back to those who serve our country. They offer special programs and services for military members, including deployment assistance, financial counseling, and support for military families. Navy Federal also has a strong commitment to financial education, offering resources and workshops to help members improve their financial literacy and make smart financial decisions.

As a not-for-profit institution, Navy Federal is able to reinvest its profits back into the credit union to benefit its members. This allows them to offer lower fees and better rates than many traditional banks, making it a more affordable and attractive option for members looking for a financial institution that truly has their best interests at heart.

In recent years, Navy Federal has continued to grow and expand its reach, opening new branches and expanding its online services to better serve its members. They have also received recognition for their outstanding customer service, consistently ranking high in customer satisfaction surveys and earning awards for their commitment to serving the military community.

Overall, Navy Federal Credit Union is a trusted and reliable financial institution that offers a wide range of products and services to its members. With its focus on personalized service, competitive rates, and commitment to the military community, Navy Federal is a great option for military members, veterans, and their families looking for a financial institution they can trust.