Navy Federal Credit Union (Vienna, VA) surpassed the $100 billion threshold.
As of March 31, 2019, the credit union reported $103.2 billion in assets. This is up from almost $97 billion at the end of 2018.
Navy is the first credit union to top $100 billion in assets.
Moreover, Navy reported net income for the first quarter of 2019 of approximately $423.6 million.
Interest income was almost $1.5 billion for the first quarter. Non-interest income was $413.1 million. Operating expenses and dividends were $765.9 million and $207.5 million, respectively.
Review the Statement of Financial Condition.
Review the Statement of Income.
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