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Bulk of Navy Federal’s NII Stems from Fees: Report

Compared to other $10B+ cooperatives, the Vienna, Va.-based credit union tops the list for fee income.

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As of the end of June, Navy Federal's ratio of fee income to average assets far outpaced other credit unions with more than $10 billion in assets.

The $62 billion Navy Federal Credit Union makes more of its income from fees than any other credit union with more than $10 billion in assets, according to NCUA data from Sageworks Bank Information, a bank and credit union data platform.

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