The $65.5 billion Navy Federal Credit Union said Monday it will invest $1.35 billion in an expansion of its facilities in Pensacola, Fla.
The 5.2 million-member institution has had a presence in Pensacola since 2003 when it began there with 60 employees.
In 2014, the Vienna, Va.-Navy Federal saud added another 530 jobs to Florida location, raising the total number of the credit union's employees in the region to more than 3,800.
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Florida Gov. Rick Scott, running for re-election this year, praised Navy Federal for the move.
"Today's announcement that Navy Federal will create 5,000 more jobs for Floridians is a huge win for the Florida families. Because of companies like Navy Federal, we have created 651,300 private-sector jobs since December 2010, and we will continue working hard to create jobs so that every Floridian can live the American Dream," Scott said.
Navy maintains its operational management center at the Florida site.
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