Navy Federal Credit Union has acquired a small credit union with two branches in Fort Meade, Md.

Fort Meade Community Credit Union, which has been operated by Navy Federal since July 17, was not federally insured. Its first quarter call report, provided by Navy Federal, showed the 4,355-member credit union was classified as undercapitalized with a net worth of $1.8 million, assets of $32.2 million and a net worth ratio of 5.48.

Navy Federal, the nation's largest credit union ($81.5 billion in assets, seven million members), plans to maintain both of FMCCU's branches, one on the Fort Meade base and the other three miles southeast of Fort Meade in the Odenton Shopping Center.

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