Navigant Credit Union

Organization Overview

Navigant Credit Union is located in Smithfield, RI. The organization was established in 1984. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Navigant Credit Union employed 443 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Navigant Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2022, Navigant Credit Union generated $130.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $96.9m during the year ending 12/2022. While expenses have increased by 9.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2019, Navigant Credit Union has awarded 179 individual grants totaling $4,736,899. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF NAVIGANT CREDIT UNION IS TO IMPROVE THE FINANCIAL WELL-BEING OF ITS MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CREDIT UNION IS A COOPERATIVE OWNED AND DIRECTED BY AND DEDICATED TO SERVING ITS MEMBERS. THE CREDIT UNION HAS 57,321 LOANS TOTALING $2,832,151,238 DUE FROM MEMBERS AND $3,002,808,793 IN 258,443 DEPOSIT ACCOUNTS FROM MEMBERS. ALSO $206,967 OF FEES WERE RECEIVED FROM MEMBERS RENTING 7,420 SAFE DEPOSIT BOXES.


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Board, Officers & Key Employees

Name (title)Compensation
Catherine Parente
Director (as Of 05/22)
$12,000
Joseph Beretta
Director/chairman
$18,375
Robert Murray
Director
$23,875
Kayla Guarino
Director (ended 02/22)
$3,150
Roland R Lachapelle
Director/vice Chairman
$43,012
James K Salome
Director
$25,725

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Fiserv Solutions Inc
Data Processing
$4,807,886
Ncr Corporation Fka Intuit Financial Ser
Data Processing
$1,552,678
D3 Logic Inc
Data Processing - Statement Rendering
$1,209,007
Decibel Media Llc
Advertising Services
$860,006
Friends And Family Janitorial Service Ll
Janitorial Services
$841,289
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$121,746,533
Investment income $7,108,045
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $1,800
Net Gain/Loss on Asset Sales $464,028
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $130,542,626

Grants Awarded

Over the last fiscal year, Navigant Credit Union has awarded $802,725 in support to 37 organizations.

Grant RecipientAmount

AMERICAN HEART ASSOCIATION

PURPOSE: CHARITABLE CONTRIBUTIONS

$7,500

KENT HOSPITAL FOUNDATION

PURPOSE: CHARITABLE CONTRIBUTIONS

$7,500

GREATER PROVIDENCE YMCA

PURPOSE: CHARITABLE CONTRIBUTIONS

$8,800

CITY OF PAWTUCKET

PURPOSE: CHARITABLE CONTRIBUTIONS

$6,000

RHODE ISLAND PBS FOUNDATION

PURPOSE: CHARITABLE CONTRIBUTIONS

$7,500

BOY SCOUTS OF AMERICA NARRAGANSETT COUNCIL

PURPOSE: CHARITABLE CONTRIBUTIONS

$11,000
View Grant Profile

Peer Organizations

Organization NameAssets
Coastal1 Credit Union
Pawtucket, RI
$137,130,775
American Eagle Financial Credit Union Incorporated
East Hartford, CT
$111,975,380
Navigant Credit Union
Smithfield, RI
$130,542,626
Metro Credit Union
Chelsea, MA
$114,336,853
Connecticut State Employees Credit Union Inc
Hartford, CT
$74,277,559
Jeanne Darc Credit Union
Lowell, MA
$66,569,870
Greenwood Credit Union Inc
Warwick, RI
$43,604,859
Connex Credit Union Inc
North Haven, CT
$43,567,121
Leominster Credit Union
Leominster, MA
$40,678,234
St Marys Credit Union Inc
Marlborough, MA
$41,055,689
Sharon & Cresent United Credit Union
Sharon, MA
$39,986,184
Liberty Bay Credit Union
Braintree, MA
$33,292,815
Sikorsky Financial Credit Union Inc
Stratford, CT
$41,268,421
St Annes Credit Union Of Fall River Mass
Fall River, MA
$36,103,812
Peoples Credit Union
Middletown, RI
$30,263,370
Polish National Credit Union
Chicopee, MA
$30,406,557
Harvard University Employees Credit Union
Cambridge, MA
$24,885,772
Align Credit Union
Lowell, MA
$24,433,942
Freedom Credit Union
Springfield, MA
$26,913,534
City Of Boston Credit Union
South Boston, MA
$22,869,244
Quincy Credit Union
Quincy, MA
$23,310,386
Dutch Point Credit Union Inc
Wethersfield, CT
$21,611,039
Sharon & Cresent United Credit Union
Brockton, MA
$18,630,554
St Jeans Credit Union
Salem, MA
$17,647,270
Alltrust Credit Union
Fairhaven, MA
$14,866,095

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