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Navy Federal Credit Union

A not-for-profit credit union serving the military community, offering banking, loans, mortgages and credit cards.

Last updated September 10, 2026

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Overview

Navy Federal Credit Union is a not-for-profit credit union. It was founded during the Great Depression by 7 Navy Department employees who wanted to offer loans with affordable rates and manageable terms and to provide a safe place to deposit savings and earn dividends. Membership is open to all branches of the military, Veterans, Department of Defense employees and their immediate family members. Its product offerings include auto loans, credit cards, mortgages, savings, checking and equity products, as well as business solutions such as business loans and business checking accounts.

History

Navy Federal Credit Union was founded during the Great Depression by 7 Navy Department employees who wanted to help themselves and their coworkers reach their financial goals. They envisioned a credit union that would offer loans with affordable rates and manageable terms, and encourage building financial security by providing a safe place to deposit savings and earn dividends. What started as a small group of naval employees with similar goals in 1933 has grown to include officers and others.

Products and positioning

Not-for-profit credit union that puts members first and serves the military community.

  • Flagship Premier Visa Signature®

    A credit card offering 4X points on all travel, including hotels, airfare, cruises and more, with a $100 annual flight credit.

  • Flagship Rewards

    An existing rewards card; members can switch to Flagship Premier to earn more points.

  • Auto Loans

    Budget-friendly new and used car loans.

  • Business Loans

    Business lending solutions for companies.

  • Business Checking

    Business checking accounts for companies.

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