ARLINGTON, Va.–Navy Federal Credit Union has become the first federal charter to become a member of the National Association of State Credit Union Supervisors (NASCUS).
“Since its inception in 1933, Navy Federal has been committed to providing safe and sound financial services to its unique field of membership and to being a strong supporter of the credit union movement,” said NASCUS President and CEO Lucy Ito. “Because of Navy Federal’s desire to strengthen all credit unions, both federal and state, Navy Federal is exactly the kind of organization we’re excited to have as a member of NASCUS.”
The largest credit union in the world, Navy Federal has more than eight-million members and $97-billion in assets.
“We are pleased to join other NASCUS members in advocating for policies and regulations that will improve the experience for credit union members,” said Mary McDuffie, president/CEO of Navy Federal. “We support NASCUS’ work to ensure a strong dual-charter system and its work to positively impact the important industry discussions that are already taking place.”