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Navy Federal Offers Free CARFAX Reports to Members

November 14, 2018

VIENNA, Va.--(BUSINESS WIRE)--Nov 14, 2018--Navy Federal Credit Union is offering free CARFAX® Vehicle History Reports to its members. Members approved for a used auto loan through Navy Federal can receive a free CARFAX Report provided by the credit union. Navy Federal is the largest financial institution now giving members no-cost access to CARFAX information that helps protect them from purchasing potentially unsafe and unreliable used cars.

“Navy Federal is always looking for new ways to set its members up for success,” said Joe Pendergast, Vice President of Consumer Lending at Navy Federal. “Our partnership with CARFAX gives members an extra layer of ease during the car-buying process. Combining Navy Federal’s numerous car buying resources with trusted information from CARFAX, our members can make educated buying decisions and feel more confident that they’re making the right choice.”

Navy Federal and CARFAX strengthened their partnership to provide this new member benefit that helps Navy Federal members identify cars with potential problems and purchase safe, reliable ones. Eligible members who are approved for a used auto loan will receive an email notification providing them with access to their free CARFAX Report.

“CARFAX has a long history of working with credit unions and other financial institutions to help minimize loan risk,” said David Lackey, General Manager at CARFAX. “Access to CARFAX data and products for Navy Federal and their members is another safeguard against paying too much for vehicles with a history of problems and potential scams.”

CARFAX Reports help consumers and lenders determine a vehicle’s value and identify important events such as reported accidents, open recalls, registration history, damages from natural disasters, warranty information, and more.

About Navy Federal Credit Union: Established in 1933 with only seven members, Navy Federal now has the distinct honor of serving over 8 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 over 18,000 and has a global network of 323 branches. For more information about Navy Federal Credit Union, visit navyfederal.org.

About CARFAX: CARFAX, a unit of IHS Markit (Nasdaq: INFO), helps millions of people every day confidently shop, buy, own and sell used cars with innovative solutions powered by CARFAX vehicle history information. The expert in vehicle history since 1984, CARFAX provides exclusive services like  CARFAX Used Car ListingsmyCARFAXCARFAX History-Based Value  and the flagship CARFAX® Vehicle History Report™ to consumers and the automotive industry. CARFAX owns the world’s largest vehicle history database and is a nationally recognized top workplace by  The Washington Post  and Glassdoor.com. Shop, Buy, Own, Sell – Show me the CARFAX™. Based in London, IHS Markit is a world leader in critical information, analytics and solutions.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181114005530/en/

CONTACT: Navy Federal Credit Union

Jane Myers, 703-206-3818

Corporate Communications

Jane_Myers@navyfederal.org

KEYWORD: UNITED STATES NORTH AMERICA VIRGINIA

INDUSTRY KEYWORD: WOMEN AUTOMOTIVE PROFESSIONAL SERVICES BANKING FINANCE DEFENSE OTHER DEFENSE GENERAL AUTOMOTIVE CONSUMER MEN

SOURCE: Navy Federal Credit Union

Copyright Business Wire 2018.

PUB: 11/14/2018 08:52 AM/DISC: 11/14/2018 08:51 AM

http://www.businesswire.com/news/home/20181114005530/en

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