VIENNA, Va. – It's anchors up and full steam ahead with the growth initiatives at the $35 billion Navy Federal Credit Union.
The nation's largest natural person credit union announced today it aims to fund $6 billion in new mortgages this year, which will include both purchases and refinancing.
That target is up slightly from last year's $5.7 billion origination count, the second-highest in Navy Federal's 75-year history.
Recommended For You
"We saw a strong 'return to trust' in 2008, and we're committed to continuing that momentum in 2009," said CEO Cutler Dawson in a statement.
Last May, Navy Federal expanded its field of membership beyond its single Navy sponsor to include the entire Defense Department. At that time, Dawson announced plans to double the number of full service branches by 2012.
"
In these challenging times, we strongly believe that our members deserve a financial partner that continues to look out for their best financial interests and we work hard every day to operate with the highest integrity," Dawson said.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
