WASHINGTON—Navy Federal Credit Union has temporarily closed three of its branches in the Middle East and North Africa in response to the ongoing conflict in the region
Navy Federal Credit Union, which operates both its own branches and branches of a banking program on overseas U.S. military bases through a contract with the Department of Defense, said the closures were made for the safety of employees, according to American Banker.
“There are no Overseas Military Banking Program locations currently in the areas of highest concern,” a Navy Federal spokesperson told American Banker. “However, our branches aboard Naval Support Activity Bahrain and Isa Air Base in Bahrain have been closed at the directive of base leadership. Our branch in Djibouti has also been closed. Team members working at the branches have been relocated to safer locations.”
No Timetable
The credit union did not say when the branches might reopen, noting that such decisions depend on guidance from base commanders as conditions in the region evolve, American Banker reported.
According to the publication, Navy Federal has no other branches in the Middle East or Africa.
The $197-billion Navy FCU is the world’s largest credit union, witih more than 15 million members.
