Dec, 31, 2023 — NAVIGANT CREDIT UNION is a federally insured state chartered credit union headquartered in SMITHFIELD, RI with 26 branch locations and about $3.76 billion in total assets. Opened 109 years ago in 1915, NAVIGANT CREDIT UNION has about 148,129 members and employs 406 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NAVIGANT CREDIT UNION |
|---|---|
| Address: (Main Office) | 1005 Douglas Pike SMITHFIELD, RI 02917 |
| Phone: | (401) 233-4300 |
| Fax: | |
| Website: | https://www.navigantcu.org |
| Branches: | 26 branch locations |
| Members: | 148,129 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62882 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1915 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $3,757,761,710 |
| CEO/Manager: | Kathleen Orovitz |
| Chairperson: | James K Salome |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 194,815,353 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 407,384 |
| Real Estate Loans | 2,149,677,184 |
| Unsecured Loans | 16,800,499 |
| Other Loans | 978,954,466 |
| TOTAL LOANS | 3,145,432,149 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -16,972,562 |
| Land And Building | 32,033,466 |
| Other Fixed Assets | 4,636,199 |
| NCUSIF Deposit | 26,506,068 |
| All Other Assets | 0 |
| TOTAL ASSETS | 3,757,761,710 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,128,158 |
| Notes & Interest Payable | 136,661,639 |
| Accounts Payable & Other Liabilities | 22,830,362 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 725,892,486 |
| Regular shares | 374,400,261 |
| All Other Shares & Deposits | 2,147,342,815 |
| TOTAL SHARES & DEPOSITS | 3,247,635,562 |
| TOTAL LIABILITIES | 3,408,345,957 |
| Regular Reserve | 0 |
| Other Reserves | -6,773,839 |
| Undivided Earnings | 356,189,592 |
| TOTAL EQUITY | 349,415,753 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,757,761,710 |
| INCOME & EXPENSE | |
| Loan Income | 140,547,712 |
| Investment Income | 11,500,844 |
| Other Income | 9,224,429 |
| Total Employee Compensation & Benefits | 47,233,411 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 36,644,109 |
| Non-operating Income & (Expense) | 1,253,299 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,234,116 |
| Cost of Funds | 66,528,185 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 20,926,603 |
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