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CU History

stillmans-best-2011-2012-small.jpgN.A.E. was formed when ten Ford employees of the Norfolk Assembly Plant pooled their resources to help other employees save and borrow (if needed) for the future. Shortly after being formed, the responsibility for growing the Credit Union was turned over to our current President/C.E.O., Palmer Stillman. During these formative years, the Credit Union grew from his shirt pocket to the back porch of Palmer’s house. It was during this time that the Credit Union reflected the image of a family Credit Union. Katy Stillman, Palmer’s wife, helped in all functions of the Credit Union. She hand posted ledger cards, manually wrote loans, updated accounts, and even sealed statement envelopes for mailing. Over the next twelve years, the Credit Union continued to grow until it was evident that additional facilities were needed. During 1978, the Credit Union opened its first office on Indian River Road.

It was during the late 70's and early 80's that the Credit Union showed its strength. The Ford Plant lost a full shift and everyone worried "What will happen to the Credit Union?" The Credit Union survived that time period, and even grew by opening the field of membership to other businesses, churches, civic leagues, and groups desiring the services of a Credit Union. In time, the Credit Union experienced another growth spurt and required additional space so the Battlefield office was opened during 1987.

The Credit Union is still experiencing controlled sustained growth; our third office, located in the Western Branch area of Chesapeake, was opened during the summer of 2003. In the summer of 2006, the Credit Union was granted a Community Charter by the NCUA. The Community Charter enables the Credit Union to expand and offer its services to all those that live, work, worship, shop or attend school in Chesapeake, Norfolk, Portsmouth, Suffolk, Virginia Beach, Franklin, Isle of Wight County or Southampton County.

Member Services

Investment and Planning

Achieve your goals. More

Loans & Credit Cards

Save time and money with competitive rates and flexible terms. More

Savings Accounts

Open a share savings account and enjoy the benefits. More

Checking Accounts

NAE's free checking account is perfect for everyone. More

Financial Calculators

Make the right financial decisions. More

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