Southern Real Estate Sales, Formerly Pointe South Real Estate Sales

Navy Federal to Create Jobs in Pensacola

Posted on October 29, 2014

Palafox Pier smallThe Pointe South real estate team recently toured Navy Federal in Pensacola and learned a lot about their available loan programs and of things to come in the future. This includes the creation of 5,000 jobs in the greater Pensacola area.

That is right, with less than a week left in a close election, Governor Rick Scott made an announcement that will affect the well-being on the entire Panhandle. Navy Federal Credit Union is investing $350 million to expand its operations and create 2,000 new jobs in Pensacola by 2016 and the additional 5,000 by the year 2020.

According to the Governor, “because of companies like Navy Federal, we have created 651,300 private sector jobs since December 2010, and we will continue working hard to create jobs…” This is the largest expansion Pensacola has seen thus far and it signifies the strength of the credit union. Currently, Navy Federal has 5.2 million plus members and over 3,800 employees, and as numbers continue to grow it is important to have well equipped players to provide the support each customer deserves.

This is promising news not only for the credit union, but for families and members of the community, as well as the Pensacola real estate market.

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