Navy Federal Credit Union Celebrates 40 Years in Rota


Story Number: NNS081126-34Release Date: 11/26/2008 10:51:00 AM
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By Mass Communication Specialist 2nd Class Joseph Ebalo, Naval Station Rota Public Affairs

ROTA, Spain (NNS) -- Rota's Navy Federal Credit Union (NFCU) celebrated its 40th anniversary with giveaways, food and drinks and special prizes Nov. 14.

More than 500 community members stationed at Naval Station (NAVSTA) Rota visited the local branch and enjoyed sandwiches and cake, and entered a grand prize drawing for a flat screen television, portable video game system and digital music player.

"We just wanted to thank all of our customers for their support and for the jobs that they do," said Beverly Arnold, NFCU Rota Branch manager. "What better way to do that then to throw a great party for a great military community."

According to Arnold, Rota's NFCU Branch provides banking services for about 5,000 members of the joint military community including assistance with loans, savings, and checking.

Larry Wood, NFCU regional manager Europe, said the 40th anniversary was a very special event not just for Rota but for NFCU Europe and for NFCUs around the world.

"Rota was the first location for Navy Federal branches in Europe and it's currently the oldest running branch in the region," said Wood. "When we opened our doors to the Rota community in November 1968 we were just a small organization, now 40 years later Navy Federal is the largest credit union in the world."

For four decades Rota's NFCU has helped Sailors, Marines, Airmen and their families with all their financial needs and for some has served as their first and only banking institution.

Retired Chief Torpedoman David Strout and his wife Maria attended the event and said they have been members of Navy Federal since 1959, even before the Rota location was open.

"I have been banking with Navy Federal since it first opened in Rota," said Strout. "I have had savings and checking accounts and loans. My kids opened their first bank accounts with Navy Federal and they still have them today."

Strout added, "NAVSTA Rota has gone through many changes in the last 40 years but Navy Federal has maintained their excellent service. I trust Navy Federal 100 percent, they have never let me down and that's why I'm staying with them."

For more news from Naval Station Rota, Spain, visit www.navy.mil/local/rota/.

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