What are the top 3 biggest credit unions?

Top 3 Largest Credit Unions in the United States

The financial landscape is constantly evolving, with credit unions emerging as a prominent choice for financial services. Credit unions are not-for-profit financial cooperatives that offer a wide range of financial products and services to their members. They are owned by their members and operate for their benefit, rather than for the profit of shareholders.

When it comes to size, the largest credit unions in the United States are:

1. Navy Federal: With assets totaling $178 billion, Navy Federal is the largest credit union in the country. Founded in 1933, it serves active duty and retired military members, veterans, and their families.

2. State Employees Credit Union (SECU): SECU is the second largest credit union in the United States, with assets of $55.9 billion. Established in 1929, it provides financial services to state employees, local government employees, educators, and their families in North Carolina.

3. Pentagon Federal Credit Union (PenFed): PenFed is the third largest credit union, with assets of $34.4 billion. It was founded in 1935 and is open to members of the military, veterans, and their families.

These top three credit unions continue to grow and expand their reach, offering a comprehensive range of financial products and services to their members. They are known for providing competitive rates, low fees, and excellent customer service.

In addition to these three giants, SchoolsFirst Federal Credit Union ($30.6 billion) also ranks prominently among the nation’s largest. Based in California, SchoolsFirst serves the educational community, including teachers, administrators, and employees of educational institutions.

The growth and success of these credit unions are a testament to their member-centric approach, focus on financial education, and commitment to the communities they serve. By offering competitive rates, personalized services, and a strong sense of financial security, credit unions like Navy Federal, SECU, PenFed, and SchoolsFirst continue to attract and retain loyal members.