As we enter the last full month of summer, I wanted you to know that your credit union continues to be very strong. We've had record growth in deposits, driven by some of the best rates in the country. Our mortgage division has also been setting records as members take advantage of the favorable rate environment and our wide range of products.
On a different note, it's awards season in the financial world and I couldn’t be prouder of an historic recognition we have been given. This year, our branch on U.S. Army Garrison Carlisle Barracks was named “Department of the Army’s Distinguished Credit Union of the Year.” This is the first time we’ve earned this honor from the U.S. Army, and we’re working hard to make sure it’s not our last.
I’m equally proud to report that for the 13th consecutive year, Navy Federal has been named “Department of the Navy’s Distinguished Credit Union of the Year.” Devastated by Hurricane Michael, our branch team aboard Naval Support Activity Panama City (FL) stepped up to make sure our members received the help they needed as the community rebounded from a devastating storm.
And once again, Navy Federal has also been named to PEOPLE Magazine’s Companies that Care list for 2019. PEOPLE Magazine looks at companies who display great respect and concern for their employees and the communities where they serve.
We believe that these awards reflect our commitment and passion of serving you, our members. We cannot stress enough that “Our Members Are the Mission.”
Thank you for your commitment to your credit union. Enjoy the rest of your summer.
Navy Federal Credit Union