The is the largest natural credit union in the world, in terms of its asset size and the amount of members it has. The headquarters for this credit union is in Vienna, Virginia, and is regulated under the National Credit Union Administration of the United States Federal Government. As of statistics released in October of 2010, the assets of the include $41.4 billion United States dollars and has over 3.4 million members. In 2008, the was named number 78 on the Fortune’s 100 Best Companies to Work for List.

The was created in 1933 and was originally known as the Navy Department Employees’ Credit Union of the District of Columbia. At first, only Navy employees who were members of the Federal Employees’ Union were allowed to join the credit union. The credit union became the largest in the world, which it still is today, back in 1962. The credit union has 213 branches across the globe, over 7,800 employees, and serves all Department of Defense civilian and military families and personnel. In March of 2011, the held its annual mortgage conference, which was held in Pensacola, Florida at the Navy Federal’s Brian L. McDonnell Center at Heritage Oaks. Speakers discussed expediting the process of purchasing a home and other pertinent topics.

Jack Gaffney, the Executive Vice President of Lending at Navy Federal, had the following to say about the conference: “The conference is just one way that Navy Federal is staying abreast of all of the changes in the mortgage arena. Navy Federal offers many extraordinary and unique programs such as our no down payment HomeBuyers Choice loan and our Active Duty Choice designed for our military members. Because we also make VA and FHA loans, we provide exceptional programs for first time home buyers as well as current owners. Gaining the perspective from our outstanding panelists will help Navy Federal incorporate the numerous changes required by recent legislation and still increase our closed loans while providing our members and the real estate agents the service they deserve.”

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