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Commercial loans from two credit unions will provide the financing for the construction of a new hotel development that will eventually employ hundreds of residents of Pensacola, Fla., according to one of the credit unions that made the loans.
Credit union lending to fund $13 million of $17 million expected price tag for 127-room hotel.
The development will include a 127-room hotel and further development on five plots of land which the developer will lease from the City of Pensacola.
The $44 billion Navy Federal Credit Union has been ranked by Experian as the 20th largest used vehicle lender in the country by market share.
Navy Federal has launched a new effort to help USO-Metro serve service families at four Baltimore-Washington, D.C. airports.
A Walmart shopping center in Mesa, Ariz., is home to the $44 billion Navy Federal Credit Union’s newest branch.
An Android app is the latest electronic banking offering from Navy Federal Credit Union.
Nation's biggest CU said its activity split between refinances and new purchases.
Android Market offering joins iPhone app in Navy Federal's electronic banking products.