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Navigant Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 050125860 ✦ Smithfield, RI ✦ Designated as a 501(c)(14)

Overview

What is Navigant Credit Union?

Navigant Credit Union is a cooperative financial institution based in Smithfield, Rhode Island (02917). With a membership base of over 57,000 and assets totaling $5.8 billion, the credit union is driven by its members and dedicated to their financial improvement. The institution boasts 258,000 deposit accounts, with members owing $2.8 billion in loans and depositing an additional $3 billion. Navigant Credit Union's mission focuses on providing member-centered, competitive financial services, with a caring and knowledgeable team that delivers value and personalized attention to help members manage their finances effectively. The credit union's goal is to enhance the financial well-being of its members by offering a range of tailored financial products and services.


Is Navigant Credit Union legitimate?

Navigant Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Navigant Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $4,362,536
Professional Fundraising Fees: $0
Other Salaries and Wages: $24,524,674

For more financial information, click here


What is the mission statement of Navigant Credit Union?
Who is the CEO of Navigant Credit Union?
What is the revenue of Navigant Credit Union?
Who are the executives of Navigant Credit Union and what are their salaries?

The average compensation at Navigant Credit Union during 2022 was $65,208. There are 443 employees at Navigant Credit Union.

Here are 24 key members and their salaries (Navigant Credit Union's CEO's salary is $707,980 and their total compensation is $785,381):


Where can I find the form 990 for Navigant Credit Union?

Mission Statement of Navigant Credit Union

Navigant Credit Union, a member-owned and operated financial institution, is committed to enhancing the financial health of its members. With a mission that goes beyond profits, Navigant Credit Union focuses on providing value and caring personal service to its members. The credit union achieves this by offering competitive loan and deposit rates, as well as additional services designed to help members effectively manage their finances. Navigant Credit Union's team of knowledgeable and friendly staff is dedicated to delivering these benefits with a personal touch. By improving the financial well-being of its members, Navigant Credit Union fosters financial stability and security within its community.

Impact

This information is meant to be a general summary of Navigant Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Navigant Credit Union's impact is centered on improving the financial well-being of its members. As a cooperative owned and directed by and dedicated to serving its members, Navigant Credit Union provides a range of services to help its members manage their finances. With 57,321 loans totaling $2,832,151,238 due from members and $3,002,808,793 in 258,443 deposit accounts from members, the credit union plays a significant role in supporting the financial needs of its community. Additionally, it received $206,967 in fees from members renting 7,420 safe deposit boxes, further demonstrating its commitment to offering valuable services to its members.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $7,572,073
  • Program Service Revenue: $121,746,533
  • Gross Receipts: $130,589,928

    • Assets and Liabilities:
  • Total Assets: $3,423,774,708
  • Total Liabilities: $3,109,125,386
  • Net Assets: $314,649,322
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    INTEREST ON LOANS, INCLUDING FEES

    Revenue

    $104,811,398

    MISCELLANEOUS FEES

    Revenue

    $10,047,551

    MEMBER SERVICE FEE

    Revenue

    $6,432,508

    NCU FINANCIAL

    Revenue

    $455,076

    Organization Details

    Founding Year

    1915

    Principal Officer

    Jason M Jolin

    Main Address

    1005 DOUGLAS PIKE, SMITHFIELD, RI, 029171206

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Navigant Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.