Mary McDuffie’s Message to Members
Right now, our nation faces challenges of inflation and rising interest rates, and we even see news of a handful of commercial bank failures. I want to make one thing abundantly clear: Navy Federal's financial operations and our members' deposits and accounts are safe and secure.
Navy Federal Credit Union is fundamentally different when compared to these commercial banks. We're well capitalized with a strong cash position. We continue to manage prudently and conservatively through the current volatile interest rate environment, and we make thoughtful investments with long-term financial stability in mind. Our financial products and services, as well as our 23,000 dedicated employees, are focused on our members first. We believe this is the primary reason we continue to receive industry-leading recognition and awards. In short, your credit union is safe and sound, and we're always here for you.
As you may have seen, Navy Federal is celebrating our 90th anniversary. We’re proud of the founding principles that have guided our mission since day 1: we serve with integrity, compassion, and steadfast commitment to sound money management, and we always put our loyal membership first. Our not-for-profit, member-owned credit union was founded during the height of the Great Depression, and we've incorporated learnings from our 90 years to weather any financial storm. No matter what tomorrow may bring, Navy Federal will be here to steadfastly support our members' needs.
I hope you have a wonderful start to your spring. And, as always, please let us know how we can help you reach your financial goals.
Navy Federal Credit Union
Our Members Are the Mission®