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Navy FCU Earnings Surpass $1 Billion for 2017 "Credit News 24"

Navy Federal Credit Union (Vienna, VA) reported a record net income of $1.198 billion for 2017.

Navy FCU is the first U.S. credit union to break the $1 billion profit milestone.

Navy FCU's 2017 earnings are up approximately 37 percent from a year ago.

The $79.85 billion credit union reporting almost $5.4 billion in revenues for 2017. Navy had total operating expenses of $2.3 billion and non-operating expenses of $1.6 billion. Navy paid almost $432 million in dividends.

Navy's financial results show that the credit union is very profitable and it could easily afford to pay corporate income taxes.

Read Navy Federal Credit Union's Statement of Income.


Title : Navy FCU Earnings Surpass $1 Billion for 2017 "Credit News 24"
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