Top DoD commercial banking contractors
In the 12 months ending Oct 5, 2026, the Department of Defense obligated $7.3M in net prime contract dollars under NAICS 522110, up 1.0% from $7.2M in the preceding 12 months. 7 prime contractors received positive obligations, and 1 of them accounted for 80% of that spend.
Prime contracts funded by the Department of Defense. Latest 12 months: Oct 6, 2025 to Oct 5, 2026. Source: USAspending.gov.
DoD publishes contract data to USAspending with a 90-day delay, so the most recent months understate DoD activity.
Obligations by fiscal year
Net prime contract obligations by federal fiscal year (October to September).
Top DoD contractors for NAICS 522110
Ranked by positive obligations in the latest 12 months. Share is of all positive obligations in this market.
| # | Contractor | Latest 12 mo | Prior 12 mo | Share | Rank change |
|---|---|---|---|---|---|
| 1 | Navy Federal Credit Union | $7.1M | $7.2M | 98.1% | — |
| 2 | U.S. Bancorp | $62K | $76K | 0.9% | — |
| 3 | Armed Forces Bank, National Association | $32K | −$209 | 0.4% | New |
| 4 | Freestar Financial Credit Union | $17K | $0 | 0.2% | New |
| 5 | Hancock Whitney Bank | $13K | −$11K | 0.2% | New |
| 6 | Marine Federal Credit Union | $8K | $8K | 0.1% | ▼ 3 |
| 7 | Intrust Bank, National Association | $3K | $3K | 0.1% | ▼ 2 |
What changed in the last 12 months
Contractors with the largest change in reported obligations versus the preceding 12 months.
Largest gains
- Bank of America, National Association−$41K → $0 (+$41K) · no latest-period obligations
- Armed Forces Bank, National Association−$209 → $32K (+$32K) · now #3
- Hancock Whitney Bank−$11K → $13K (+$24K) · now #5
Largest declines
- Navy Federal Credit Union$7.2M → $7.1M (−$22K) · now #1
- U.S. Bancorp$76K → $62K (−$14K) · now #2
- Miscellaneous Foreign Awardees$4K → $0 (−$4K) · no latest-period obligations
New to this market
2 contractors received their first obligations in this market (since FY2022) during the latest 12 months. The largest:
| Contractor | First obligation | Latest 12 mo |
|---|---|---|
| Armed Forces Bank, National Association | Feb 17, 2026 | $32K |
| Freestar Financial Credit Union | Apr 9, 2026 | $17K |
Where the money comes from
Funding sub-agencies within the Department of Defense, latest 12 months. The funding organization can differ from the office that runs the requirement.
| Funding sub-agency | Latest 12 mo | Prior 12 mo | Change |
|---|---|---|---|
| Department of the Army | $7.1M | $7.1M | Up $69K (1.0%) |
| Defense Commissary Agency | $136K | $76K | Up $60K (78.4%) |
Potential recompetes
Large awards in this market whose current period of performance ends in the next 18 months. Treat these as research leads: options, extensions, and follow-on vehicles often change the timing.
| Award | Incumbent | Obligated | Current end |
|---|---|---|---|
| HQ042323C0007 | Navy Federal Credit Union OVERSEAS MILITARY BANKING PROGRAM | $23.8M | Mar 31, 2027 |
Common questions
Who are the top DoD contractors for NAICS 522110?
In the latest 12 months, Navy Federal Credit Union ($7.1M), U.S. Bancorp ($62K), Armed Forces Bank, National Association ($32K) received the most DoD obligations for commercial banking.
How concentrated is this market?
The eight largest primes held 100.0% of positive obligations, and Navy Federal Credit Union alone held 98.1%. 2 contractors won their first obligations in this market during the latest 12 months.
Are any large DoD NAICS 522110 contracts ending soon?
1 of the largest awards in this market reach their current end date in the next 18 months. The first is HQ042323C0007 (Navy Federal Credit Union, $23.8M obligated), ending Mar 31, 2027. An end date is a research lead, not a confirmed recompete: options and extensions often move it.
Related markets
Figures are net obligations on prime contracts (award types A–D) from USAspending.gov, grouped by funding agency and the NAICS code on each award. Net obligations include deobligations and corrections, so they can differ from positive-obligation totals. See methodology.
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