RICHMOND, Va. -- Governor Bob McDonnell announced this morning that Navy FCU has agreed to make a multi-million dollar investment to expand its member service operation in Frederick County, topping a competing bid from Florida where the credit union giant operates a huge call center.

The $50 billion credit union, based in nearby Vienna, Va., will build an additional facility on its Winchester, Virginia, campus, adding 400 new jobs. The member service operation has expanded to more than 500 employees in six years. With the planned expansion, Navy Federal will be one of the largest employers in the community.

Governor McDonnell approved a $250,000 grant from the Governor's Opportunity Fund to assist Frederick County with the project. Through its Virginia Jobs Investment Program, the Virginia Department of Business Assistance will provide funding and services to support the company’s recruitment, training and retraining activities.

“400 new good-paying jobs are coming to Frederick County,” said Gov. McDonnell. “Now, this significant investment will expand the company’s footprint in Frederick County. The region boasts an impressive workforce and business environment in which the credit union has found great success, leading to the growth of the Frederick County operation. 

“Virginia is home to Navy Federal,” said Cutler Dawson, president of the world’s largest credit union. “We have tremendous team members that work at our Winchester facility. This expansion will allow us to bring aboard even more in the future.”

The announcement comes as Navy Federal is expanding its 65-acre call center in Pensacola, the world’s largest credit union facility which employees 2,200 people, by buying an adjacent 240-acre plot. The credit union has already announced plans to add another 600 jobs there over the next year.










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