Competition
Navy Federal is not the only financial services company which specializes in serving parts of the military. The credit union competes with other military credit unions, like Pentagon Federal Credit Union and NavyArmy Federal Credit Union (which only serves parts of Texas), as well as with some large banks including Bank Of America-Military Bank and USAA, all of which are open to all Coast Guard members.
Read more about this topic: Navy Federal Credit Union
Famous quotes containing the word competition:
“Like many businessmen of genius he learned that free competition was wasteful, monopoly efficient. And so he simply set about achieving that efficient monopoly.”
—Mario Puzo (b. 1920)
“Every sect is a moral check on its neighbour. Competition is as wholesome in religion as in commerce.”
—Walter Savage Landor (17751864)
“Knowledge in the form of an informational commodity indispensable to productive power is already, and will continue to be, a majorperhaps the majorstake in the worldwide competition for power. It is conceivable that the nation-states will one day fight for control of information, just as they battled in the past for control over territory, and afterwards for control over access to and exploitation of raw materials and cheap labor.”
—Jean François Lyotard (b. 1924)