Big Plans: Navy FCU Expects To Add 300,000 New Members This Year
VIENNA, Va. – Navy FCU, the nation’s biggest credit union by far, is looking for new ports to conquer.
The $45 billion credit union, which added almost 250,000 new members last year, plans to top that this year with as many as 300,000 additions, according to top credit union brass. At the end of the first quarter Navy had 3.7 million members.
Navy FCU officials disclosed their projection last week while visiting Pensacola, where they plan to hire as many as 1,400 employees over the next three years to fill out their massive call center that already employs 1,700. The credit union giant is negotiating with 4-H Club to buy an additional 240 acres adjacent to its 64-acre Heritage Oaks project.
The credit union giant added 27 new branches last year, and now operates 214 branches worldwide. This year’s plans call for the additional of nine more and renovations for eight.