Navy Federal Credit Union 2015 Annual Report Download - page 75

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Navy Federal Credit Union56
The following table presents the eect of these revisions on the financial statement line items
for the year ended December 31, 2014 as presented in Navy Federal’s 2015 consolidated
financial statements.
(dollars in thousands)
2014 As Previously
Reported
Total
Adjustments
2014
As Revised
Credit/debit card interchange income $ 379,487 $ (112,684) $ 266,803
Total Non-Interest Income $ 1,052,936 $ (112,684) $ 940,252
Salaries and employee benefits $ 939,434 $ (33,586) $ 905,848
Loan servicing expense 314,223 (130,262) 183,961
Professional and outside services 202,138 17,578 219,716
Other 175,728 33,586 209,314
Total Non-Interest Expense $ 2,157,981 $ (112,684) $ 2,045,297
Net Income $ 718,830 $ — $ 718,830