Sunday, January 26, 2020

Navy FCU Reported Earnings of $1.64 Billion for 2019

Navy Federal Credit Union (Vienna, VA), the largest credit union in the world, reported net income of $1.64 billion for 2019. In comparison, the $112 billion credit union had a profit of $1.28 billion for 2018.

Navy FCU had total interest revenues of almost $6.27 billion and non-interest revenues of $1.7 billion for 2019.

Operating expenses were $3.25 billion. Dividends were slightly above $1 billion, while non-operating expenses were just shy of $2.1 billion.

Read the Statement of Income.
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