Navy Federal Announces 1,500 New Jobs
April 4, 2013
Navy Federal Credit Union announced Wednesday it will expand its corporate operations in Beulah, bringing new building construction and 1,500 new jobs to the region. Construction is planned to start in late 2013, including buildings on the 240 acre former Langley Bell 4-H Center property purchased last year by Navy Federal for $3.6 million.
“Providing the best possible service to our members is our first priority. Our Pensacola expansion is key to supporting the credit union’s strong growth and an important way for us to continue delivering outstanding service,” said Cutler Dawson, president and CEO of the credit union. “We’re proud to be a part of the economic growth for the area.”
Navy Federal’s next phase of growth in Beulah involves the construction of two new buildings, totaling 342,300 square feet at its Greater Pensacola Operations campus. Upon completion, 1,500 corporate and operational jobs will be created. Capital investments for the expansion will exceed $200 million, and also include constructing a central energy plant, auditorium, parking structure and recreation area.
“This is an historic day for Pensacola families. Today’s news that Navy Federal will create 1,500 jobs for families is a huge win for the Sunshine State, and builds on the 640 jobs that were announced last year, said Rick Scott, Governor of Florida. “With our efforts to cut taxes, pay down debt and keep the cost of living low, Florida’s job climate is improving each and every day. With more than 290,000 private-sector jobs created in the past two years, we’re creating a Florida that’s the number one place in the world to find a job and run a successful business, providing families with more opportunities to pursue the American Dream.”
Navy Federal is a growth story in Pensacola, beginning in 2003 with 60 employees. In 2012, Navy Federal added 640 jobs, bringing its current total in the region to over 2,800 employees. The credit union has invested over $225 million in Pensacola and has seven branches along the Florida Panhandle.
“Over the past 10 years, Navy Federal Credit Union in Pensacola has brought 2,800 jobs and invested more than $225 million in their current campus,” said U.S. Rep. Jeff Miller, Florida District 1. “Our friends at Navy Federal have proven to be good corporate neighbors and have shown their commitment to our community. We appreciate them choosing Pensacola and we look forward to having them in our neighborhood for many years to come.”
Navy Federal’s over 10,000 full and part-time employees worldwide are offered a robust benefits package, including competitive salaries, incentive programs, comprehensive medical/dental/vision benefits, and retirement plans with an employer match.
“Navy Federal Credit Union has been an important part of our community for many years,” said Sen. Greg Evers. “Their choice to expand business in Pensacola is a testament to the hardworking people of Northwest Florida.”
In January 2013, FORTUNE Magazine named Navy Federal on its list of the “100 Best Companies to Work For.” This marked Navy Federal’s third appearance on the list, having first been recognized in 2008 and again in 2012.
Pictured top: Navy Federal’s current campus and future expansion onto the 240 acre Langley Bell 4-H Center purchased last year.Pictured inset: Gov. Rick Scott at Wednesday’s Navy Federal announcement. Pictured below: Expansion plan including two buildings and a parking garage. Courtesy images for NorthEscambia.com, click to enlarge.