Navy Federal Settlement Sets NewGround

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PENSACOLA, Fla. - (05/17/06) -- Navy FCU said Tuesday it has openeda second office for its Navy Federal Settlement Services, thelargest real estate settlement operation for credit unions in thenation. The new office, the first outside the credit union'sVirginia headquarters, is located at the Northcross shopping centeralready housing a Navy FCU branch and mortgage processing center.The operation, a wholly owned CUSO of the credit union giant,recently surpassed $5.8 billion in mortgage settlements. Thecompany offers purchase settlements in Virginia, Florida, Maryland,Washington, D.C., Pennsylvania and Ohio and refinancing in 21states.

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