World’s largest credit union is getting bigger

by. Abha Bhattarai

As the world’s largest credit union, Navy Federal has nearly 250 branches and, as of last month, 5 million members.

Now it’s about to get even bigger.

To keep up with growing membership, which has risen 25 percent since 2012, the credit union is opening 60 new branches across the country by 2016.

In the Washington area, the Vienna-based credit union plans to add about a dozen locations in the next two years.

Growth “is faster than it has been in the past,” said Steve Romano, executive vice president of branch operations for Navy Federal. “Our members like to use our branches, and they’re asking for more.”

In addition to an upcoming location in Frederick, Navy Federal also has plans to open branches in Crofton, Waldorf, Bowie and Gaithersburg in 2015.

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