Seven Navy Department personnel created Navy Federal Credit Union towards the end of the Great Depression, which intended to help themselves and their coworkers achieve their financial objectives. They envisioned a credit union that would provide low-interest loans with reasonable periods. They sought to encourage people to save and receive dividends while also encouraging them to develop financial stability. As a result, they pooled their resources and asked others to join them.

What began in 1933 as a small group of navy personnel with similar ideals has expanded to encompass officers and enlisted men and women from all branches of the military, veterans, Department of Defense employees, and their families. They are happy to service the specific demands of its ten million customers today.