Navy Federal cruises toward 14 million members – and beyond
The largest credit union in the world adds more new members each year than the total membership of most credit unions, and there’s no end in sight.
So just how much bigger is Navy Federal than other U.S. credit unions?
Consider this. The National Credit Union Administration posted call report data recently that showed Navy Federal had nearly 13.8 million members at the end of the second quarter of 2024.
By comparison, the next five largest credit unions in the country by assets had roughly 10 million members combined at the end of the second quarter, according to a Tyfone analysis of the NCUA data.
So how is Navy FCU doing it?
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