Latest news with #NavyFederal
Yahoo
6 days ago
- Business
- Yahoo
Gwinnett man charged with posing as mortgage broker in $152,000 scheme
A 55-year-old Gwinnett County man was arrested Monday night for allegedly posing as a mortgage broker to swindle at least five victims across multiple states out of more than $152,000. [DOWNLOAD: Free WSB-TV News app for alerts as news breaks] Angelo Robert Moe was booked into Gwinnett County Jail on felony theft charges after police say he convinced victims to wire money for real estate transactions that never panned out. Court documents allege Moe collected fees from victims between 2022 and 2024, promising to secure loans for properties through Hienz Incorporated. Police say he used an inactive mortgage license number and often directed victims to wire money to his personal Navy Federal account instead of company accounts. The alleged scheme unraveled when victims discovered their real estate deals had fallen through and they allege Moe refused to return their money. One victim, Latoya Skinners, said she lost $8,000 after Moe promised to secure a loan for a house. She shared one wire transfer that shows a $7,000 transfer into his personal account in September 2023. 'He said, you're not getting any money back,' Skinners told Channel 2 Gwinnett County Bureau Chief Matt Johnson. 'He did that to almost everybody, strong-arming them, telling them he's not giving money back because those were his fees.' TRENDING STORIES: Chase in DeKalb ends in crash on Peachtree Blvd by I-285 ramp Atlanta Public Schools approves new $1.3 billion budget, will cut 135 positions 15-year-old killed in Newton County hit-and-run Other victims include a Texas woman, who lost $33,900, and two Massachusetts residents who collectively lost $85,600, according to police reports and arrest warrants. A fifth victim said she lost $25,000 in a separate Snellville Police case. Gwinnett County Police Cpl. Juan Madiedo says Moe used an inactive Nationwide Mortgage Licensing System (NMLS) number. He warned potential victims to verify license numbers and avoid large upfront payments. 'Be worried when someone's asking for large sums of money up front and are avoiding using company emails,' Madiedo said. Police believe additional victims may exist and encourage anyone who conducted business with Moe to file a police report if they've been victimized. [SIGN UP: WSB-TV Daily Headlines Newsletter]
Business Wire
15-05-2025
- Business
- Business Wire
Navy Federal Unveils Member Savings Milestones, Highlighting Value of Membership and Commitment to Members' Financial Wellbeing
VIENNA, Va.--(BUSINESS WIRE)-- Navy Federal Credit Union 's recently released 2024 Member Giveback Study highlights value of membership by banking with the not-for-profit, member owned credit union. Members earned and saved a total of $4.32 billion in 2024 by banking with the credit union. With earnings and savings of $461 per year, members could earn and save $332 on better interest rates, as well as $129 in lower fees and discounts. Navy Federal reinvests surplus funds back to its members in the form of reduced loan rates, low fees, enhanced digital technology and expanded service—reaffirming its strong commitment to driving value for the military and Veteran community. Share The Member Giveback Study considers internal market analyses comparing Navy Federal products with industry national averages, discounts, incentives and other savings. Beyond yearly earnings and savings, the credit union offers market-leading certificates and an average credit card APR that's 7.25% lower than the industry average—up from 6.81% in 2023. 'Our sound financial position and close alignment with our members' values allows us to focus on what matters most: supporting the military and Veteran community,' said Mehdi Dinia, vice president of membership at Navy Federal. 'We continually look for ways to expand our impact on Active Duty Servicemembers, Veterans and their families—providing them with the essential tools and resources wherever they are in their financial journey.' As a not-for-profit, Navy Federal reinvests surplus funds back to its members in the form of reduced loan rates, low fees, enhanced digital technology and expanded service—reaffirming its strong commitment to driving value for the military and Veteran community. For example, in 2024, Navy Federal opened 12 new branches (4 times the number opened in 2023), upgraded mobile banking and launched new technology and payment solutions to help members manage their finances more efficiently. Last year, the credit union also announced a comprehensive series of investments committing roughly $450 million in annual givebacks to Navy Federal's 14 million members. This program adds to the more than $4 billion already given back to members annually in the form of dividends, enhanced services and reduced fees. Specifically, Navy Federal introduced new partnerships designed to extend support of all branches of the military, Veterans and their families, such as a $9 million investment to the USO and a multi-year, collective partnership with the Bob Woodruff Foundation, Navy-Marine Corps Relief Society, Air Force Aid Society, Coast Guard Mutual Assistance and Army Emergency Relief. To learn more about the value of membership with Navy Federal, visit Additionally, to read more highlights about Navy Federal's giveback efforts and financial performance, check out the 2024 Annual Report. Navy Federal Credit Union: Established in 1933 with only seven members, Navy Federal now has the distinct honor of serving more than 14 million members globally and is the world's largest credit union. As a member-owned and not-for-profit organization, Navy Federal always puts the financial needs of its members first. Membership is open to all Department of Defense and Coast Guard Active Duty, Veterans, civilian and contractor personnel, and their families. Navy Federal employs a workforce of over 25,000 and has a global network of more than 365 branches. For more information about Navy Federal Credit Union, visit Navy Federal is insured by NCUA. Equal Opportunity Employer.
Business Wire
09-05-2025
- Entertainment
- Business Wire
Dan + Shay to Headline Navy Federal's MAM JAM Concert Series, Honoring Military Community and Celebrating Service Through Music
VIENNA, Va.--(BUSINESS WIRE)--In celebration of Military Appreciation Month, Navy Federal Credit Union invites you to its first-ever MAM JAM Concert Series —an event honoring the military community and celebrating service through music. Grammy-winning duo Dan + Shay are bringing their signature sound to Cedar Park, TX (near Fort Cavazos) and Wilmington, NC (near Camp Lejeune). Navy Federal invites you to its first-ever MAM JAM Concert Series, an event honoring the military community and celebrating service through music. Get your tickets at Share WHAT: MAM JAM 2025 WHEN & WHERE: Saturday, May 17 in Cedar Park, TX Location: H-E-B Center (2100 Ave of the Stars, Cedar Park, TX 78613) Time: 7:00 PM CT (Doors open at 6:00 PM CT) Line Up: Dan + Shay, Redferrin, Carter Faith Mission Marketplace: Visit the Mission Marketplace featuring Veteran-owned small businesses, including Grill Your Ass Off, Guitars for Vets, Nutree Fitness, Klenr, The Handmade Mom, and Authentically American. Saturday, May 31 in Wilmington, NC TICKETS: Tickets are complimentary for Active Duty Servicemembers and Veterans. General admission tickets start at $75. Get your tickets at NOTE TO MEDIA: To coordinate media interviews, live and taped TV hits, and to attend the MAM JAM concert, please contact Jane Myers, Navy Federal Corporate Communications (corporate_communications@ Navy Federal Credit Union: Established in 1933 with only seven members, Navy Federal now has the distinct honor of serving more than 14 million members globally and is the world's largest credit union. As a member-owned and not-for-profit organization, Navy Federal always puts the financial needs of its members first. Membership is open to all Department of Defense and Coast Guard Active Duty, Veterans, civilian and contractor personnel, and their families. Navy Federal employs a workforce of over 25,000 and has a global network of more than 365 branches. For more information about Navy Federal Credit Union, visit Federally insured by NCUA. Equal Opportunity Employer.
Business Wire
06-05-2025
- Business
- Business Wire
Navy Federal Credit Union ® Recognizes Top Performing Real Estate Companies Through the RealtyPlus ® Program
VIENNA, Va.--(BUSINESS WIRE)-- Navy Federal Credit Union proudly announces the winners of the 2025 Navy Federal SPIRIT Awards, presented by the Anywhere Leads. The Navy Federal SPIRIT Award recognizes real estate firms who demonstrate service excellence to Navy Federal members through the Navy Federal Credit Union's RealtyPlus ® program. Navy Federal RealtyPlus ® is a nationwide real estate assistance program, where Navy Federal members may receive up to $9,000 cash back per transaction when they successfully buy and/or sell a home with a program referred Navy Federal RealtyPlus ® program agent. The awards are part of the 36-year relationship between Navy Federal and Anywhere Leads, focused on delivering high-quality leads to affiliated brokers and agents in the Anywhere Leads Network and offering the RealtyPlus ® program to members who are interested in buying or selling a home. The 2025 Navy Federal SPIRIT Award winners are: Coldwell Banker Brown Realtors, Edwardsville, Illinois Coldwell Banker Realty Central, Pennsylvania Better Homes and Gardens Real Estate Native American Group, Virginia Beach, Virginia "For over 35 years, Navy Federal's RealtyPlus program has helped our members achieve their home ownership goals,' said Fred Quick, Senior Vice President of Mortgage Lending at Navy Federal. 'Our partnership with Anywhere allows us to connect our members with the highest quality real estate agents. We're proud of the great service this provides for the military community and their families.' 'It's rare in today's fast-paced business environment to witness two brands maintain a longstanding relationship, and we are incredibly proud of the 36-year strategic partnership with Navy Federal Credit Union," said Kristin Aerts, SVP, Anywhere Brands Strategy and Leads. "Our RealtyPlus program brokers and agents understand the unique needs of Navy Federal members and are committed to delivering exceptional service to those who've served our country, including their families.' About Navy Federal Credit Union Established in 1933 with only 7 members, Navy Federal now has the distinct honor of serving more than 14 million members globally and is the world's largest credit union. As a member-owned and not-for-profit organization, Navy Federal always puts the financial needs of its members first. Membership is open to all Department of Defense and Coast Guard Active Duty, Veterans, civilian and contractor personnel, and their families. Dedicated to its mission of service, Navy Federal employs a workforce of 25,000 and has a global network of more than 365 branches. For more information about Navy Federal Credit Union, visit Navy Federal is federally insured by NCUA. Equal Opportunity Employer. Equal Housing Lender. About the Anywhere Leads Network We are Anywhere Leads. We empower everyone's next move, wherever they are in their real estate journey. Home to some of the most well-known brands in the nation, our industry-leading, turnkey real estate expertise helps partners and customers achieve their real estate goals. With over 35 years of experience, we're with you every step of the way. Navy Federal Credit Union is federally insured by NCUA. Navy Federal is an Equal Housing Lender
Business Wire
23-04-2025
- Business
- Business Wire
Navy Federal Chooses Bloom Credit for Consumer Permissioned Data Services
NEW YORK--(BUSINESS WIRE)-- Bloom Credit, a modern cash flow reporting and credit data infrastructure platform, today announced Navy Federal Credit Union, the largest credit union in the U.S., has selected its consumer permissioned data solution, Bloom+, as a new checking account feature for its 14 million members. "Bloom+ is a game changer and the size and scale of the partnership with Navy Federal reflects that. " Share Bloom Credit also announced a $10.5 million growth investment led by Crosslink Capital, including participation from existing investors Allegis Capital and Commerce Ventures. CT Innovations also joined the round. Bloom Credit will use the new funds to expand its team, technology, and go-to-market dedicated to credit data solutions. Bloom+ allows a financial institution to provide customers the ability to leverage existing payments from their checking accounts, such as rent, telco, and utility payments, to be reported as tradelines to the major credit bureaus. By using Bloom+ consumer bill repayment history becomes a powerful tool in building and demonstrating creditworthiness. 'Navy Federal understands the value of consumer permissioned data to help their members build a more accurate, comprehensive and complete credit profile. Prior to this moment, their members have had to rely on credit use to build credit worth. Now, with Bloom+, the member's checking account can provide a meaningful pathway to credit and financial access,' said Christian Widhalm, CEO of Bloom Credit. 'We are equally thankful for Crosslink and our investors who share our vision for innovating the infrastructure of modern credit data.' Bloom Credit launched Bloom+ in August 2024 to provide previously unavailable, bureau-agnostic, credit data reporting and furnishment for consumer and small business banking use cases. The Bloom+ white label, no code API allows banks and credit unions to offer checking account customers the ability to report bill payments as tradelines. The proprietary software, which can be launched with clients in as little as two weeks, helps financial institutions to attract and retain deposits, create revenue opportunities, and secure actionable cashflow insights on customers. 'Bloom+ is a game changer and the size and scale of the partnership with Navy Federal reflects that. It delivers value for consumers, visibility for lenders and exceptional growth potential for a product that is much needed in the market,' said Jim Feuille, venture partner, Crosslink Capital. The Navy Federal partnership and new capital investment follow the recent hires of former senior leader at Experian Christa Degnan as chief product officer and credit union solutions executive Tushar Mukhija as head of strategy and partnerships, credit union financial services. About Bloom Credit Bloom Credit is an API platform designed to modernize the infrastructure of the credit data ecosystem, including the enablement of real-time credit reporting, improvement in reporting accuracy, and expansion of the breadth of alternative consumer- permissioned data (CPD) provided to determine credit scores. Bloom Credit empowers its customers to launch and grow new classes of credit products by leveraging access, reporting and alternative CPD in a fraction of the time it has traditionally taken, leading to the development of important applications which can improve consumers' creditworthiness. Bloom Credit is a member of the American Fintech Council dedicated to promoting an inclusive and transparent financial system. Learn more at
