Dec, 31, 2023 — NAVIGATOR CREDIT UNION is a federal credit union headquartered in MOSS POINT, MS with 13 branch locations and about $378.82 million in total assets. Opened 85 years ago in 1939, NAVIGATOR CREDIT UNION has about 45,962 members and employs 144 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NAVIGATOR CREDIT UNION |
|---|---|
| Address: (Main Office) | 6012 Highway 63 MOSS POINT, MS 39563 |
| Phone: | (228) 475-7300 |
| Fax: | |
| Website: | https://www.navigatorcu.org |
| Branches: | 13 branch locations |
| Members: | 45,962 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24954 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $378,822,858 |
| CEO/Manager: | Sonya Lawler |
| Chairperson: | Tommy Leonard |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 29,075,837 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 63,700,668 |
| Unsecured Loans | 42,230,566 |
| Other Loans | 163,473,678 |
| TOTAL LOANS | 269,404,912 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,507,816 |
| Land And Building | 7,764,202 |
| Other Fixed Assets | 1,605,043 |
| NCUSIF Deposit | 3,213,013 |
| All Other Assets | 140,305 |
| TOTAL ASSETS | 378,822,858 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 769 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,721,596 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 57,498,998 |
| Regular shares | 157,358,371 |
| All Other Shares & Deposits | 100,780,751 |
| TOTAL SHARES & DEPOSITS | 315,638,120 |
| TOTAL LIABILITIES | 320,455,157 |
| Regular Reserve | 0 |
| Other Reserves | 2,131,289 |
| Undivided Earnings | 56,236,412 |
| TOTAL EQUITY | 58,367,701 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 378,822,858 |
| INCOME & EXPENSE | |
| Loan Income | 14,814,840 |
| Investment Income | 4,312,115 |
| Other Income | 5,159,898 |
| Total Employee Compensation & Benefits | 9,879,536 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 11,462,087 |
| Non-operating Income & (Expense) | 977,294 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,011,479 |
| Cost of Funds | 1,450,225 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,280,096 |
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