Jan. 28, 2019

CONTACT: Shelton Roulhac, NASCUS Communications; sroulhac@nascus.org

NASCUS WELCOMES NAVY FEDERAL AS ITS FIRST FEDERAL CREDIT UNION MEMBER

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.”

Arlington, VA – Today, NASCUS announced Navy Federal Credit Union joined as the organization’s first federal credit union member. Founded in 1933, Navy Federal is the world’s largest credit union and has a mission to serve and enrich the lives of those in the military community.

“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 & 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.”

“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.”

Navy Federal has more than 8 million members and more than $97 billion in assets.

The National Association of State Credit Union Supervisors (NASCUS) is the primary resource and voice of the state governmental agencies that charter, regulate and examine the nation’s state-chartered credit unions. NASCUS membership is made up of state-chartered credit unions, state regulators and other supporters of the state credit union system. NASCUS is the only organization dedicated to the defense and promotion of the state credit union charter and the autonomy of state credit union regulatory agencies.