Navy Federal experiences significant banking problems for members

Navy Federal Credit Union had been experiencing banking problems since early Thursday morning.

According to a statement from Navy Federal on its Twitter page said, “We’re experiencing a delay with account deposits today, and we’re working through a solution. Currently members are unable to call in to speak with represenatitives. Online and mobile banking are available.”

Navy Federal Credit Union, Vienna, Va. is the nation’s largest credit union with $95.3 billion in assets and 8.1 million members as of Sept. 30.

CU Times reached out to officials at Navy Federal and an unnammed person who answered stated that “we are currently working on the situation.” And no other details were provided.


continue reading »