Navy Federal Recognized for Consumer-Friendly Banking

NerdWallet highlights Navy Federal for its commitment to Free Checking, High-Yield Savings and Free ATM Access.

VIENNA, Va., Nov. 20, 2013 /PRNewswire-USNewswire/ -- Navy Federal Credit Union has been recognized by personal finance website, NerdWallet for its consumer-friendly products and services in the Fall of 2013.

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Navy Federal was selected as a "Best Credit Union" for Free Checking, High-Yield Savings and Free ATM Access, and was one of a select few credit unions to receive full marks in the evaluation process.

"We're truly grateful for this recognition," said Michael Christian, manager, savings and checking products at Navy Federal. "Checking and Savings are often the first products members acquire. They are a basic necessity, so it's important that members can rely on Navy Federal for free and convenient service."

NerdWallet's Consumer Banking Index evaluates banks and credit unions based on 5 criteria: Free Checking, High-Yield Savings, Branch/ATM Access, Online/Mobile Access, and Security.  These criteria were selected by a survey of consumers as the top considerations when choosing a financial institution. Fall 2013 marks the inaugural release of this index and includes 50 of the nation's largest credit unions.

"Our report clearly shows that Navy Federal has what consumers need most in a credit union," said NerdWallet Brand Manager, Nico Leyva. "We're proud to recognize them as a top credit union for consumer banking."

Receiving high marks for each criteria serves as an indication of the credit union's superior value to its members in the military and their families.

About Navy Federal Credit Union: Navy Federal Credit Union is the world's largest credit union, with $54 billion in assets, 4 million members, 236 branches, and a workforce of over 11,000 employees worldwide. The credit union serves all Department of Defense and Coast Guard Active Duty, civilian, and contractor personnel and their families. For additional information about Navy Federal, visit www.navyfederal.org.

About NerdWallet: NerdWallet has been featured in The New York Times, the Wall Street Journal and Reuters, among other publications. Our products have been recognized by consumer advocates Liz Weston, Clark Howard and Consumer Action. Through in-depth research and analysis we find the best financial organizations, products and services, and bring them to the attention of consumers everywhere. 

Navy Federal: Michele Townes
Phone: 703-206-3828
[email protected]

Nerd Wallet: Nico Leyva
NerdWallet Brand Manager
415-699-8648

SOURCE Navy Federal Credit Union