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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)

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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 tax deductible.


Heare 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?

Navigant Credit Union is a member-owned financial institution dedicated to enhancing the financial well-being of its members. Through responsive and caring service, they deliver competitive loan and deposit rates, along with additional financial management services. Their mission is executed by a knowledgeable and friendly team, dedicated to addressing the unique needs of each member. By focusing on the financial health of its members, Navigant Credit Union sets itself apart as a trusted financial partner.

Who is the CEO of Navigant Credit Union?

Jason M Jolin is the Director (As Of 05/22) of Navigant Credit Union. The CEO's salary of Navigant Credit Union is $707,980 and their total compensation is $785,381.

What is the revenue of Navigant Credit Union?

Navigant Credit Union's revenue in 2022 was $130,542,626.

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):


Catherine Parente (Director (As Of 05/22))
  • Compensation: $12,000
  • Related: $0
  • Other: $0
Joseph Beretta (Director/Chairman)
  • Compensation: $18,375
  • Related: $0
  • Other: $0
Robert Murray (Director)
  • Compensation: $23,875
  • Related: $0
  • Other: $0
Kayla Guarino (Director (Ended 02/22))
  • Compensation: $3,150
  • Related: $0
  • Other: $0
Roland R Lachapelle (Director/Vice Chairman)
  • Compensation: $43,012
  • Related: $0
  • Other: $0
James K Salome (Director)
  • Compensation: $25,725
  • Related: $0
  • Other: $0
Gary E Furtado (President/Treasurer)
  • Compensation: $1,265,793
  • Related: $0
  • Other: $46,325
Charles H Deblois (Director)
  • Compensation: $38,587
  • Related: $0
  • Other: $0
Ann M Kashmanian (Director/Secretary)
  • Compensation: $28,100
  • Related: $0
  • Other: $0
Michael Ryan (Director)
  • Compensation: $18,375
  • Related: $0
  • Other: $0
Paul Beaudoin (Director)
  • Compensation: $19,275
  • Related: $0
  • Other: $0
Peter Baziotis (Director)
  • Compensation: $18,375
  • Related: $0
  • Other: $0
Kathleen Orovitz (President/Ceo (As Of 10/31/2022))
  • Compensation: $707,980
  • Related: $0
  • Other: $77,401
H Chris Der Vartanian (Svp/Cro)
  • Compensation: $362,302
  • Related: $0
  • Other: $24,501
Lisa G Dandeneau (Sr Evp/Coo)
  • Compensation: $492,271
  • Related: $0
  • Other: $107,830
Jonathan Roberts (Svp/Cio)
  • Compensation: $337,190
  • Related: $0
  • Other: $79,999
David Pellegrino (Vp-Compliance)
  • Compensation: $247,741
  • Related: $0
  • Other: $49,433
David Decubellis (Svp/Cro)
  • Compensation: $333,440
  • Related: $0
  • Other: $71,137
Jason M Jolin (Evp/Cfo)
  • Compensation: $366,970
  • Related: $0
  • Other: $83,804
Leonarda Conti (Avp - Mortgage Loan Office)
  • Compensation: $216,565
  • Related: $0
  • Other: $21,478
Ross Silva (Avp-Bus. Dev/Regional Loan)
  • Compensation: $315,820
  • Related: $0
  • Other: $42,440
Jeffrey P Cascione (Vp-Commercial Lending)
  • Compensation: $297,294
  • Related: $0
  • Other: $66,770
Timothy (Svp - Pr & Community Engagement)
  • Compensation: $191,460
  • Related: $0
  • Other: $53,876
Freddie C Almeida (Avp - Mortgage Loan Office)
  • Compensation: $272,893
  • Related: $0
  • Other: $36,443
Where can I find the form 990 for Navigant Credit Union?

Navigant Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.

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.

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Impact




October, 2024

Navigant Credit Union significantly enhances the financial well-being of its members through a range of tailored services and competitive offerings. With a total of 57,321 loans amounting to over $2.8 billion, as well as nearly $3 billion in deposit accounts, the credit union plays a vital role in supporting its community's financial needs.

Members benefit from competitive loan and deposit rates, facilitating better financial management. Additionally, the credit union fosters a supportive environment with a knowledgeable and friendly staff dedicated to delivering exceptional personal service. Through initiatives like safe deposit rentals, it generates additional financial resources, all directed back to enhancing member services. With a member-centric focus, Navigant Credit Union truly embodies the cooperative spirit, seeking to enrich the lives of those it serves in Smithfield, RI, and beyond.




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.


Financials

This financial information is from Propublica.

Revenue
$130,542,626 (2022)
Expenses
$96,880,404 (2022)
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

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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: W61 - Public benefit

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