The three largest credit unions are Navy Federal Credit Union, State Employees' Credit Union, and PenFed Credit Union.
Understanding Credit Union Scale
Credit unions operate as not-for-profit financial cooperatives, owned by their members. Their size is primarily measured by their total assets, which reflect their financial strength and capacity to offer diverse services, competitive rates, and widespread accessibility. Larger credit unions often benefit from economies of scale, allowing them to invest more in technology, expand their branch networks, and enhance member benefits.
The Foremost Credit Unions by Assets
Among the vast landscape of credit unions, a few stand out for their substantial asset holdings and broad membership. The top position is held by Navy Federal Credit Union, which possesses an asset base so significant that it surpasses the combined total assets of the next four largest credit unions.
Top Three Largest Credit Unions
The table below lists the three largest credit unions based on their asset size:
| Rank | Credit Union Name |
|---|---|
| 1 | Navy Federal Credit Union |
| 2 | State Employees' Credit Union |
| 3 | PenFed Credit Union |
