VIENNA, Va. – Nearly a month after its announcement to align with MEMBERS Trust Co., Navy Federal Credit Union is actively interviewing candidates to serve members in Jacksonville, Fla. and Washington and hopes to have trust officers on board in April. A candidate to serve members in the Norfolk, Va.-area is expected to be hired later this year, said Loren Moeller, Navy Federal's public relations manager. Meanwhile, the credit union's MEMBERS Trust agency office will open in San Diego on April 1, Moeller said. San Diego was chosen because of its high concentration of members here and a "perceived need" for trust services among active duty and retired military members in the area. Navy Federal has approximately 180,000 members in the greater San Diego area. The credit union serves 2.3 million members and has $20 billion in assets. Its CUSO, Navy Federal Financial Group, currently uses MEMBERS Trust's parent company CUNA Mutual Group for brokerage service and several insurance products.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.