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Navy Federal & the Current Financial Environment
Despite the ripples in the market caused by the well publicized problems of some large financial institutions, Navy Federal remains financially strong. The results of the National Credit Union Administration 2007 examination confirm that Navy Federal continues to be financially strong and a leader in the credit union movement.
- We have built up our reserves far beyond those prescribed by our regulator. As such, we have the resources to weather storms if and when they arise.
- Navy Federal has ample liquidity, exceeding the standards set by our Board of Directors—allowing us to continue to fund loans and withdrawals and the special needs of our members that can occur during times of economic uncertainty.
- We maintain rigorous risk management policies and continually evaluate our practices to ensure that our members' assets are always protected.
- Our members' savings at Navy Federal Credit Union are federally insured. For details click here.
Our conservative financial policies and diligent risk management practices allow us to continue offering the world class service and the high level of financial safety and soundness that our members have come to expect over our 75-year history.
Navy Federal—Strong, Safe and Secure
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