VIENNA, Va., Jan. 23 /PRNewswire-USNewswire/ -- FORTUNE announced that Navy Federal has been ranked 78 on the 11th Annual "100 Best Companies to Work For" list. The full list and related stories appear in the February 4 issue of FORTUNE, available on newsstands January 28 and at www.fortune.com on January 22.

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"I believe that Navy Federal is truly a great place to work and our team members are the driving force behind everything we do. They are dedicated to the members of our credit union and they genuinely care about each other. This is a tremendous honor to be recognized as one of the 100 best, and I am extremely proud of our awesome team," said Cutler Dawson, President/CEO, Navy Federal Credit Union.

To identify the top 100 companies, FORTUNE works with the Great Place to Work(R) Institute to conduct a survey of randomly selected employees. Nearly 100,000 employees from 406 companies responded to the survey this year; the Institute sent surveys to 400 Navy Federal team members. When evaluating organizations for the 100 Best Companies to Work For list, the survey results accounted for two-thirds of a company's overall score. Representatives from the Great Place to Work (R) Institute stated, "That's one thing that hasn't - and won't -- change about our list: Employees decide who gets a spot."

The other third of the scoring was based on responses to the Institute's Culture Audit, which included detailed questions about pay and benefits programs and a series of open-ended questions about hiring practices, methods of internal communications, training, recognition programs, and diversity initiatives.

Upon being notified of Navy Federal's selection, Louise Foreman, Executive Vice President, Human Resources, expressed, "Personally, I have felt for a long time that Navy Federal is truly a great and very special place to work. It is very rewarding to have that acknowledged in such a distinguished manner. Our passion and commitment for serving our members is well-known and legendary, and now all will know that we have that same passion and commitment for our employees."

Navy Federal Credit Union is the world's largest credit union with over $33 billion in assets, 3 million members, 148 branch offices, and more than 7,200 employees world-wide. The credit union serves all Department of the Navy (DON) military and civilian personnel and their families. For additional information about Navy Federal, visit: www.navyfederal.org.

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