National Press Release

Special Discounts available for GM and Chrysler vehicles

VIENNA, Va., Feb. 17 /PRNewswire-USNewswire/ -- Navy Federal Credit Union today committed $3.5 billion for loans which can be used to finance a new or used car purchase from any automaker. GM and Chrysler are also offering special discounts for credit union members through the nationwide credit union Invest in America program.

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Through Invest in America, more than 25,000 GM and Chrysler vehicles have already been sold to credit union members, and at great discount prices. The program is open to over 90 million members of nearly 8,000 credit unions across the country. You can visit lovemycreditunion.org to find out more about the program and how you can receive your authorization code if you are a credit union member. The deal gives credit union members "supplier" discounts of roughly 5% plus $250 off the price of most GM vehicles. Chrysler is offering $500 and $1,000 discounts on most of their vehicles. These discounts are in addition to most dealer rebates. Navy Federal members are also eligible for great low loan rates to save even more on vehicles!

"Navy Federal is not facing the same problems many banks are. We never got involved in risky investments and as a result we are safe and secure," said Cutler Dawson, President/CEO. "We've had a couple of the best loan months, in terms of volume, and one of our best years ever in 2008 and off to a great start in 2009."

About Navy Federal Credit Union

Navy Federal Credit Union is the world's largest natural person credit union with $36 billion in assets, 3 million members, 170 branch offices, and 7,000 employees worldwide. The credit union serves all Department of Defense military and civilian personnel and their families. For additional information about Navy Federal, visit navyfederal.org.

SOURCE Navy Federal Credit Union