At Navy Federal Credit Union, 94 percent of employees say their workplace is great.

EMPLOYEE RATINGS

     

This review is based on 3599 employee surveys, with a 90% confidence level and a margin of error of ± 1.20. It was published on Aug 13, 2018. 81776 Visitors

What Employees Say

We have special and unique benefits here.
96%
 
I'm proud to tell others I work here.
95%
 
I feel good about the ways we contribute to the community.
95%
 
People celebrate special events around here.
94%
 
When I look at what we accomplish, I feel a sense of pride.
93%
 

What They Do

We asked Navy Federal Credit Union to explain what they do. Here is what they had to say.

We’re the world’s largest credit union, serving the military and their families. We’re a member-owned Cooperative, owned and controlled by those who use our services. We offer competitive rates, easy-to-understand products and services and our employees’ unwavering service commitment. 

About this Company

Website: www.navyfederal.org Industry: Financial Services & Insurance
US Headquarters: Vienna, Virginia, 22180 US Sites: 303
Major Locations: Vienna, Virginia, 22180; Pensacola, Florida, 32526; Winchester, Virginia, 22602; San Diego, California, 92131 US Employees: 16,385
US Revenues: $6,025.5 million Worldwide Revenues: $6,025.5 million
Employees Worldwide: 16,577 Corporate Structure: Cooperative
Founded: 1933

Navy Federal employees participate in a fundraiser for the American Cancer Society.

Perks and Programs

We asked Navy Federal Credit Union to share a few programs they feel really capture what's unique about their workplace. Here is what they had to say.

  • 1. Two Great Retirement Programs: Navy Federal is committed to helping employees secure their financial future. They provide two retirement programs—a company-paid pension plan (3%-7% of base pay based on tenure) and a 401(k) plan with a 100% employer match on the first 7% contributed. They also offer financial and retirement planning seminars to employees.
  • Incentive Pay Program: With Navy Federal’s Partners in Performance (PIP) incentive pay program, all employees are eligible to earn compensation above their base salary. PIP recognizes employees’ commitment to member service excellence and links their individual achievements with the credit union’s overall success. They recently enhanced this program by increasing payout opportunities for all levels to ensure their competitive position.
  • Employee Development Programs: Navy Federal employees’ professional development starts at the date they are hired and continues throughout their careers. In-house, virtual and eLearning workshops are available to all employees at all levels. For leaders or those pursuing leadership, nomination-based leadership programs are available to provide leadership development opportunities in addition to a rotational assignment in a new area of the credit union.
  • Fostering Fitness: Navy Federal has onsite fitness centers at their three large campus locations. The centers have state of the art equipment and offer free exercise classes taught by certified fitness instructors. Personalized services such as developing an exercise program, fitness assessments, and nutrition counseling are also offered. Their Field Wellness Program for branch office employees reimburses them for costs associated with the cost of fitness activities and the purchase of exercise equipment. There are fitness challenges throughout the year, and the President/CEO holds an annual wellness challenge.
  • Wellness at Work: Navy Federal has onsite wellness centers at their three large campuses, serving about 70% of their employees. Primary care services are available at their headquarters location and will roll out to their other locations in the next few years. Other health care services include, preventive care (annual physicals, well women exams) and treatment for routine illnesses and injuries, Employees receive treatment at no charge or insurance co-pay, and all routine lab work is performed for free. Navy Federal also offers free biometric health screenings and health assessments so employees “know their numbers.” Wellness coaching services are available onsite and telephonically for employees at field locations.
  • Celebrating and Thanking Employees: Navy Federal celebrates their employees and their organizational successes throughout the year. Events range from an Annual Award ceremony, where the President/CEO presents awards for service and leadership excellence, to casual events like Summerfest and Fallfest, where employees enjoy casual days and executives show their thanks by serving barbecue fare and ice cream. When Navy Federal celebrated their 85th anniversary, they commemorated the occasion by thanking their employees with a complimentary fleece-lined jacked with a special anniversary logo.
  • Grants for Employee Volunteers: Navy Federal’s Dollars for Doers grant program recognizes, supports and encourages employees’ volunteer efforts. The grant program awards nonprofit organizations a $1,000 grant check in the name of the employee who volunteers. Navy Federal awards 100 grants to nonprofit organizations on behalf of their employee volunteers.
  • Supporting Local Education: Believing successful education systems are the foundation of thriving communities, Navy Federal has established several award-winning business-school partnership programs. The Pensacola program supports schools through 1,200 employee volunteers. This year, the program was honored with a Florida Commissioner of Education Business Recognition Award. In Virginia, Navy Federal has a 28-year long partnership with a Fairfax County Middle School, for which it was awarded the 2017 Business Partner of the Year by the Foundation for Fairfax County Public Schools
  • Employee Perks and Discounts: Navy Federal offers a wide variety of programs, events and discounts to sporting and performing arts events, movie premieres, local community festivals and day and overnight bus trips to major metropolitan cities. They also offer discounts to amusement parks and theme parks from all over the country. Their Employee Loan Discount Program provides discounts on mortgages, equity and consumer loans and credit cards. They also subsidize summer camps for children at their two largest operations centers and provide childcare subsidies through national centers available to all employees.
  • You Speak We Listen: Navy Federal values employee feedback. Employee responses to the annual engagement survey have contributed to a number of major initiatives, and engagement teams across the credit union are implementing policy changes to improve the employee experience. Some teams make a game out of engagement and reward employees with gift cards for their innovative ideas.

COMPENSATION BY THE NUMBERS

$46,140 Average salary and additional cash compensation for Member Service Representative $104,224 Average salary and additional cash compensation for Manager, Branch Office
100% Match of employee’s 401(k)/403b contribution up to 7% of salary75% Company-paid health coverage for employees
76% Company-paid health coverage for dependents 75% Company-paid health coverage for part-timers
20 hours Weekly hours required for part-timers to receive health insurance $2,027 Average Tuition Reimbursement
Navy Federal employees enjoy their annual Summerfest event.

WORK-LIFE BALANCE BY THE NUMBERS

25 days Paid time off after one year of full-time employment 17 days Paid time off after one year of part-time employment
10 days Paid sick days after one year of full-time employment 5 days Paid sick days after one year of part-time employment
25 Days Paid time off as of first day of full-time employment 17 days Paid time off as of first day of part-time employment

WORK-LIFE BALANCE PROGRAMS

  • Flexible schedule
  • Telecommute option (6% use it)
  • Job sharing
  • Compressed work weeks (16% use it)
  • Subsidized On- or Off-site Fitness (70% have access)
  • Medical facilities (at some locations)
  • Onsite Amenities (Group fitness classes, massage therapy, Weight Watchers at Work meetings, Mammovan screenings, EAP counselors, Wellness Coaching services, food trucks, convenience stores, dry cleaning (Pensacola), Mobile Hair Salon (HQ), College Courses and more.)

FAMILY CARE BY THE NUMBERS

60 days Job-protected maternity leave (including FMLA/STD) 55 days Fully-paid maternity leave (does not include personal vacation or paid time off)*
60 days Job-protected paternity leave (including FMLA)10 days Fully-paid paternity leave (does not include personal vacation or paid time off)*
$5,000 Adoption benefit60 days Job-protected parental leave for adoptive parents (including FMLA)*
55 days Fully-paid parental leave for adoptive parents (does not include personal vacation or paid time off)
*Employees are not required to use all their personal paid time off before taking parental leave. All employees are eligible for parental leave benefits.

FAMILY CARE PROGRAMS

  • Lactation room(s)
  • Paid sick leave to care for a child or relative

HEALTH INSURANCE COVERS

  • Mental health care
  • Alternative treatments (such as acupuncture, homeopathy, or chiropractic)
  • Fertility treatments

Community and Environmental Impact

$755,016 Philanthropic donations in last year $100,000 Total company-matched employee donations in last year
6 LEED certified building(s) Yes Recycling program

Diversity

  • Executive Vice President, Human Resources oversees diversity and inclusion practices
  • Written policy prohibits discrimination based on (at a minimum) age, disability, race/ethnicity, religious beliefs, gender and sexual orientation
  • Formal programs (such as resource groups, mentorship, networking, or other affinity groups) support professional development for: Speakers of English as a second language
  • Non-birth parents in same-sex relationships can take parental leave
  • Medical care covers gender confirmation surgery

Leadership Diversity

 

Workforce Diversity

 
Navy Federal employees are passionate about their mission to serve those who serve and their families.

DEMOGRAPHICS

 
Navy federal employees volunteer for Rebuilding Together.

How to Get Hired

We asked Navy Federal Credit Union for some inside information on how to get hired at the organization. Here is what they had to say.

What key characteristics tell you a prospective employee will be a great fit for your company?

As a credit union serving members of the armed forces and their families, we look for candidates who are passionate about ‘serving those who serve’ and their families. Candidates who value our culture of service, will treat our members with care and respect, and are proud to work for an organization established for the good of its member-owners will be the best fit for our organization. Prospective employees should understand that even if they do not work directly with our members that their roles and responsibilities impact our mission and support for our members. Many of our team members work each day with members who are dealing with challenging situations and making tough financial decisions, so it’s also very important that prospective team members have the ability to empathize, listen and be resourceful when helping our members.

What can prospective employees do to get your attention?

We are looking to attract highly skilled and engaged team members who are inspired to serve our members. We look for positive and enthusiastic team members who want to work for a mission-based organization devoted to serving our military members and their families. A candidate who is passionate about our mission and interested in finding out about who we are will get our attention. In addition, we take note of candidates who are able to demonstrate past experiences where they have learned from the results of their actions and have a keen sense of how they accomplished their goals.    

Are there any positions or types of candidates you are particularly focused on hiring in this coming year?

We are always looking to attract and hire team members for positions that deliver the superior service our members deserve and have come to expect. The primary roles for which we’re hiring are member service representatives in our branches and contact centers to support our growing member base. Positions in our new branches include managers, assistant managers, supervisors and member service representatives. Additionally, we are always filling consumer and mortgage lending roles and other roles to support our growing organization in our Information Services, Finance, Administrative Services and Human Resources Departments. As technology continues to evolve and our members engage with us through digital channels, we continue to look for talent in the digital and social media fields.

What should interested candidates do to find out more and get started?

Interested candidates should visit our careers website (www.navyfederal.org/careers) to gain a better understanding of who we are, who we serve, why they should work for us and to find current job openings. Our LinkedIn site is also an excellent resource to gain a better understanding of our work culture and mission, including stories about our passionate and compassionate employees who are making a difference in the lives of our members each and every day. Our social media sites (Facebook and Twitter) are another great resource for candidates to learn about Navy Federal’s current and upcoming products, services and community events.

hiring Outlook

3,638 Forecasted positions to fill in coming year 19% Job Growth
146,775 Total job applicants 30% New hires by employee referrals
38% Openings filled by current employees 8% Voluntary turnover for full-time employees
22% Voluntary turnover for part-time employees
* All figures refer to 12-month period prior to reporting, unless otherwise noted.

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