Navy Federal Credit Union of Vienna, Va., said Monday that it plans to originate $6 billion of mortgages this year, about 5% more than it wrote last year.
The $35 billion-asset credit union said that last year was its second-biggest for originations.
"Navy Federal never engaged in subprime mortgage lending," Cutler Dawson, its president and chief executive officer, said in a press release. "As a result, we saw a strong 'return to trust' in 2008."
The credit union serves all Department of Defense military and civilian personnel and their families.