NAVY FEDERAL CREDIT UNION


Associated tags: Veteran, Navy Federal Credit Union, Workforce, Defense, NCUA, Professional Services, Banking, Finance, Navy, Credit, Credit union, Consumer, Other Defense, Family, Military

Locations: PENSACOLA, TEXAS, VA, FLORIDA, JAPAN, GEORGIA, TX, COCHRANE, MARINES, UNITED STATES, NORTH AMERICA, VIRGINIA, COAST, CALIFORNIA

Navy Federal partners with Zafin for multi-year core modernization initiative to drive performance and accelerate product innovation

Retrieved on: 
Tuesday, April 16, 2024

Additionally, it will allow Navy Federal to reduce costs associated with new product launches and ongoing product and pricing management while optimizing performance and productivity as it continues to transition to a cloud native, real-time core.

Key Points: 
  • Additionally, it will allow Navy Federal to reduce costs associated with new product launches and ongoing product and pricing management while optimizing performance and productivity as it continues to transition to a cloud native, real-time core.
  • We are transforming our traditional business models and core system to meet the advancements in technology and innovation in the banking sector.
  • Partnering with industry leaders like Zafin to drive product and pricing innovation ensures that our offerings remain competitive and relevant in this dynamic landscape," said Sovan Shatpathy, Chief Technology Officer, Navy Federal Credit Union.
  • “We selected Zafin to help us as we work to externalize our products and pricing from the banking core.

Navy Federal Credit Union Honors Servicemembers and Military Families Who Go Above and Beyond for Military Appreciation Month

Retrieved on: 
Wednesday, May 1, 2024

Navy Federal Credit Union is launching celebratory activities and member deals to honor Active Duty servicemembers, Veterans and their families for Military Appreciation Month.

Key Points: 
  • Navy Federal Credit Union is launching celebratory activities and member deals to honor Active Duty servicemembers, Veterans and their families for Military Appreciation Month.
  • View the full release here: https://www.businesswire.com/news/home/20240501187645/en/
    Navy Federal Credit Union is launching celebratory activities and member deals to honor Active Duty servicemembers, Veterans and their families for Military Appreciation Month.
  • Navy Federal Credit Union: Established in 1933 with only seven members, Navy Federal now has the distinct honor of serving more than 13 million members globally and is the world’s largest credit union.
  • Navy Federal Credit Union employees, contractors, and their immediate family members are not eligible to participate in this promotion.

Navy Federal Credit Union Announces 7-year Strategic Partnership with Backbase

Retrieved on: 
Thursday, April 11, 2024

Navy Federal Credit Union has strategically embarked on an ambitious multi-year transformation journey by continuing to standardize on Backbase as their engagement layer of choice.

Key Points: 
  • Navy Federal Credit Union has strategically embarked on an ambitious multi-year transformation journey by continuing to standardize on Backbase as their engagement layer of choice.
  • By adopting the Backbase platform, Navy Federal Credit Union will achieve:
    Modernization and simplification of the credit union’s existing IT landscape by reducing the number of siloed channel applications.
  • “We are continuously looking for ways to enable our digital transformation,” said Kathy Ward, SVP Digital of Navy Federal Credit Union.
  • Discover more about the partnership between Backbase and Navy Federal Credit Union, and witness firsthand how they enhance the digital capabilities of the credit union’s members, at the Engage Americas event in Miami (April 23, 2024).

Our Military Kids® Presents Courageous Kids Contest Winners

Retrieved on: 
Tuesday, April 16, 2024

OAKTON, Va., April 16, 2024 /PRNewswire/ -- Our Military Kids®, a national nonprofit providing extracurricular activity grants to military children and teens, honors 12 extraordinary winners of its fourth annual Courageous Kids Contest during April's Month of the Military Child.

Key Points: 
  • OAKTON, Va., April 16, 2024 /PRNewswire/ -- Our Military Kids® , a national nonprofit providing extracurricular activity grants to military children and teens, honors 12 extraordinary winners of its fourth annual Courageous Kids Contest during April's Month of the Military Child.
  • Our Military Kids®, a national nonprofit, honors 12 Courageous Kids Contest winners for the Month of the Military Child.
  • This year's Courageous Kids Contest was made possible thanks to Presenting Sponsors Fisher House Foundation and Navy Federal Credit Union.
  • All 12 winners will each receive a $300 cash stipend, award certificate, and have their story shared on OMK's digital platforms.

Navy Federal Credit Union Again Named as a Fortune 100 Best Companies to Work For® in 2024

Retrieved on: 
Thursday, April 4, 2024

Navy Federal Credit Union has been recognized as one of the Fortune 100 Best Companies to Work For® by Great Place To Work® and Fortune magazine in 2024.

Key Points: 
  • Navy Federal Credit Union has been recognized as one of the Fortune 100 Best Companies to Work For® by Great Place To Work® and Fortune magazine in 2024.
  • Navy Federal is the only credit union featured on Fortune’s annual rankings.
  • “It is a tremendous honor for Navy Federal to again be recognized as a Fortune 100 Best Companies to Work For.
  • “When people ask about what sets the Best Companies apart from their competitors, it’s one key ingredient: trust,” said Michael C. Bush, CEO of Great Place To Work.

Navy Federal Credit Union Now Operates Department of Defense Overseas Military Banking Facilities

Retrieved on: 
Tuesday, April 2, 2024

Navy Federal Credit Union has officially started operating the Military Banking Facilities (MBF) overseas, known as "Community Bank."

Key Points: 
  • Navy Federal Credit Union has officially started operating the Military Banking Facilities (MBF) overseas, known as "Community Bank."
  • These MBFs are part of the Department of Defense (DoD) Overseas Military Banking Program.
  • MBFs overseas will now be co-branded as "Community Bank, Operated by Navy Federal Credit Union.”
    “The Overseas Military Banking Program fits our core values at Navy Federal and is consistent with our primary mission of supporting Active Duty military members and their families,” said Kara Cardona, COO of Navy Federal.
  • While Navy Federal Credit Union now operates these MBFs overseas, these institutions will remain as separate entities.

Navy Federal Credit Union Announces Next Chief Operating Officer

Retrieved on: 
Thursday, March 14, 2024

Kara Cardona has been announced as Navy Federal Credit Union’s next Chief Operating Officer.

Key Points: 
  • Kara Cardona has been announced as Navy Federal Credit Union’s next Chief Operating Officer.
  • Cardona replaces Dietrich Kuhlmann, who recently succeeded Mary McDuffie as Navy Federal’s Chief Executive Officer .
  • “When I joined the credit union as a part-time employee at our branch in Naval Station Roosevelt Roads, Puerto Rico, I completely fell in love with the culture and the mission of Navy Federal,” said Cardona.
  • “Given her extensive experience at Navy Federal Credit Union, Kara is deeply familiar with how our teams work together to provide what our members need – 24 hours a day, 365 days a year,” Kuhlmann continued.

Dietrich Kuhlmann to Assume Role of Navy Federal Credit Union CEO on March 1

Retrieved on: 
Wednesday, February 21, 2024

Navy Federal Credit Union today announced that Dietrich Kuhlmann will become its next president and chief executive officer on March 1, 2024.

Key Points: 
  • Navy Federal Credit Union today announced that Dietrich Kuhlmann will become its next president and chief executive officer on March 1, 2024.
  • Kuhlmann joined Navy Federal in 2019 after retiring from the United States Navy as a rear admiral and has spent the past two years as the credit union’s chief operating officer.
  • “I’m tremendously grateful to be trusted with the responsibility to lead Navy Federal Credit Union,” said Kuhlmann.
  • “She truly embodied our values of putting members first, and she will be greatly missed at Navy Federal.”

Computerworld Names Navy Federal Credit Union a “2024 Best Place to Work in IT,” 9th Year in a Row

Retrieved on: 
Thursday, January 11, 2024

Computerworld announces Navy Federal Credit Union as a 2024 Best Places to Work in IT.

Key Points: 
  • Computerworld announces Navy Federal Credit Union as a 2024 Best Places to Work in IT.
  • The 30th annual survey conducted by Computerworld, a leading technology publication, found that IT hiring at Navy Federal remains steady, with ample opportunities for career growth and fosters a supportive and rewarding work environment for its employees.
  • View the full release here: https://www.businesswire.com/news/home/20240111683756/en/
    Computerworld names Navy Federal Credit Union a “2024 Best Place to Work in IT,” 9th Year in a Row (Photo: Business Wire)
    “It is a tremendous honor to have placed in Computerworld’s Best Places to Work in IT campaign for the 9th consecutive year,” said Tony Gallardy, Chief Information Officer at Navy Federal.
  • On top of supporting a growing membership, we made astounding strides in securing our systems, modernization, IT resiliency, and scalable operations.

Navy Federal Credit Union Responds to Allegations Concerning Its Home Lending Practices

Retrieved on: 
Monday, December 18, 2023

We take our responsibility to fair lending very seriously and are closely examining the allegations in the recent CNN article.

Key Points: 
  • We take our responsibility to fair lending very seriously and are closely examining the allegations in the recent CNN article.
  • The statistics in the article do not appear to have considered several key credit criteria that all financial institutions, including Navy Federal, rely on to assess mortgage applications.
  • We are deeply committed to consistent and fair lending policies and practices.
  • This is representative of our longstanding commitment to expanding credit and economic opportunity to Black borrowers.