Navy Federal Credit Union 2008 Annual Report Download - page 1

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NAVY FEDERAL CREDIT UNION • 2008 ANNUAL REPORT
1
Navy Federal continued to move forward on solid ground in 2008, despite
a turbulent economy. During a year of rising unemployment and mortgage
foreclosures, Navy Federal leadership ensured that members’ accounts remained
secure. As a result of a long-held practice of prudent business decisions, we were
able to continue making funds available for new loans, including mortgages,
credit cards and auto loans.
Extending the field of membership to include the Department of Defense
allowed us to broaden the focus of our 75-year tradition of serving those who
serve. Continued expansion of branch and ATM networks accommodated a
growing number of members in new locations. With the momentum that comes
from growth, strategic management and innovative thinking, membership
becomes even more valuable. Members have the stability of a sound financial
institution, the benefits of outstanding customized service and access to
a broad spectrum of financial products.
Strength
&Vision
MOVING
FORWARD WITH

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