The world’s largest credit union can take outsize credit for diversity. About 41% of the co-op’s employees identify as a minority—putting it well above the nationwide corporate average. Another attractive number to potential recruits: Navy Federal offers up to a 7% match on 401(k)s, well above the national norm of about 4.7%. “This is a very humanitarian place to work,” one grateful staffer says.
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Company Info
| Rank last year | 29 |
| Years on list | 10 |
| HQ location | Vienna, Va. |
| Employees | 18,648 |
| Job openings (as of February 2020) | 476 |
| Industry | Financial Services & Insurance |
| Revenue, 2019 or most recent year ($M) | $7,972 |
| Year founded | 1933 |
| Type of organization | Cooperative |
| Number of work sites | 322 |
| Website | www.navyfederal.org |
Perks
| 100% health coverage | No |
| Unlimited sick days | No |
| Telecommuting | Yes |
| Job sharing | Yes |
| Subsidized childcare | No |
| Compressed work weeks | Yes |
| Fully-paid sabbaticals | No |
| On-site fitness/subsidized gym | Yes |
| On-site medical care facility | Yes |
| Non-discrimination policy includes sexual orientation | Yes |
| Health insurance for part-timers | Yes |
| Sick days for part-timers | Yes |
| College tuition reimbursement | Yes |
| Student loan debt repayment | No |
| Medical facility at all locations | No |
Diversity
| % Women | 66.5% |
| % Minorities | 41.9% |
| % African-American/Black | 19.3% |
| % Asian | 10.1% |
| % Caucasian/White | 58.1% |
| % Hispanic/Latino | 9.5% |
| % Native American/Alaska Native | 0.5% |
| % Native Hawaiian/Pacific Islander | 0.8% |
| % Two or more races | 1.7% |
| % Unknown ethnicity | - |
| Date info provided | Aug. 21, 2019 |
Paid Time Off
| PTO limit (days) | 25 |
| # Sick days | 10 |
Compensation
| Most common job (for salaried employee) | Manager, Branch Office |
| Avg. base pay (salaried) | - |
| Avg. extra compensation (salaried) | - |
| Total pay for most common job (salaried) | $109,092 |
Hiring/Staffing (Past 12 Months)
| Full-time and part-time job growth | 8% |
| # of job applicants | 161,323 |
| Avg. # of applicants per opening | 59 |
| # New graduates hired | - |
