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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.

By David Morrison | Updated on December 12, 2014
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.

The Vienna, Va.-based Navy Federal received $97.4 million in fee income as of June 30 and this gave it a ratio of fee income to average assets of 0.66%, which was more than double the same ratio from any other credit union with more than $10 billion in assets.

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