Navy Federal Credit Union 2005 Annual Report Download - page 2

Download and view the complete annual report

Please find page 2 of the 2005 Navy Federal Credit Union annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 49

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49

navy federal report to members 2005
vision statement
Navy Federal will perform with such
excellence that all present and potential
members will choose Navy Federal as
the preferred source for their primary,
lifetime financial services.
2005 financial summary
Dollars in millions
As of 31 December 2005 2004 % Change
Assets $24,644.4 $22,896.9 7.63%
Loans Outstanding $16,944.4 $14,785.5 14.60%
Shares, Sharechek®, MMSAs, IRAs $13,787.2 $12,772.0 7.95%
Share Certificates $5,153.1 $4,846.8 6.32%
Reserves $2,692.4 $2,426.1 10.98%
Gross Income $1,612.3 $1,360.3 18.53%
Non-interest Expenses $596.5 $541.6 10.14%
Dividends $412.3 $363.0 13.58%
Mortgage Loans Serviced $17,936.8 $15,403.9 16.44%
Members 2,665,859 2,515,174 5.99%
This credit union is federally insured by the National Credit Union Administration. Copyright © 2006 Navy Federal
Representatives are registered through, and securities are sold through, CUNA Brokerage Services, Inc. (CBSI), a member NASD/SIPC, 2000 Heritage
Way, Waverly, Iowa 50677, toll-free (866) 512-6109. Insurance sold through licensed CUNA Mutual Life Insurance Company Representatives, and in
New York, licensed insurance representatives of other companies. CUNA Brokerage Services, Inc., is a registered broker/dealer in all fifty states of the
United States of America. Trust services available through MEMBERS Trust Company, 14025 Riveredge Drive, Suite 280, Tampa, FL 33637. Nondeposit
investment products are not federally insured, are not obligations of the credit union, are not guaranteed by the credit union or any affiliated entity, involve
investment risks, including the possible loss of principal, and may be offered by an employee who serves both functions of accepting members’ deposits
and the selling of nondeposit investment products. Settlement Services offered by NFRES.
Personal and business insurance products offered through Navy Federal Financial Group, LLC, a
wholly owned subsidiary of Navy Federal Credit Union, are offered through Newtek Insurance Agency,
which is not affiliated with Navy Federal Credit Union.