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Casey Tolan and Rene Marsh, CNN. March 23, 2024 at 3:36 PM. The nation’s largest credit union said this week that an external review found it hadn’t considered race in mortgage underwriting ...
In a statement Thursday, a Navy Federal spokesperson said the credit union was already reviewing its mortgage practices, and noted that it provided provided a higher percentage of its loans to ...
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Website. www .navyfederal .org. Navy Federal Credit Union (or Navy Federal) is an American global credit union headquartered in Vienna, Virginia, chartered and regulated under the authority of the National Credit Union Administration (NCUA). Navy Federal is the largest natural member (or retail) credit union in the United States, both in asset ...
As of March 2020, the largest American credit union was Navy Federal Credit Union, serving U.S. Department of Defense employees, contractors, and families of servicepeople, with over $125 billion in assets and over 9.1 million members. Total credit union assets in the U.S. reached $1 trillion as of March 2012.
For example, Christopher Davis, assistant vice president of field mortgage at Navy Federal Credit Union, points out that the majority of their applicants receive notice they’ve been preapproved ...
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