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Nonprofiteer
← NAVIGANT CREDIT UNION

Form 990 for tax year 2024

Filed by NAVIGANT CREDIT UNION.

Totals

Total revenue
$204,818,900
Total expenses
$188,159,100
Contributions and grants received
$0
Grants paid
$1,287,569
Program service revenue
$190,215,954
Investment income
$13,825,215
Other revenue
$777,731
Total assets, end of year
$3,919,589,889
Total liabilities, end of year
$3,544,020,530
Net assets or fund balances, end of year
$375,569,359
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: INTEREST ON LOANS, INCLUDING FEES

    total $171,210,207 · related or exempt $171,210,207

  • 2b · Program service revenue: MISCELLANEOUS FEES

    total $11,688,354 · related or exempt $11,688,354

  • 2c · Program service revenue: MEMBER SERVICE FEE

    total $6,292,840 · related or exempt $6,078,784 · unrelated business $214,056

  • 2d · Program service revenue: NCU FINANCIAL

    total $1,024,553 · related or exempt $1,024,553

  • 3 · Investment income

    total $12,587,125 · excluded $12,587,125

  • 7a · Gross sales of assets other than inventory

    other assets $1,238,090

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $1,238,090

  • 7d · Net gain or loss

    total $1,238,090 · excluded $1,238,090

  • 11a · Other revenue: OTHER REVENUE

    total $777,731 · related or exempt $777,731

  • 11e · Other revenue, total

    $777,731

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,249,569

  • 2 · Grants to domestic individuals

    total $38,000

  • 5 · Compensation of officers, directors and key employees

    total $3,559,867

  • 7 · Other salaries and wages

    total $32,792,881

  • 8 · Pension plan contributions

    total $2,967,243

  • 9 · Other employee benefits

    total $6,965,916

  • 10 · Payroll taxes

    total $2,670,027

  • 11c · Fees: accounting

    total $8,728

  • 11g · Fees: other

    total $1,887,485

  • 12 · Advertising and promotion

    total $3,882,129

  • 13 · Office expenses

    total $793,091

  • 14 · Information technology

    total $9,552,979

  • 16 · Occupancy

    total $5,803,726

  • 17 · Travel

    total $164,596

  • 19 · Conferences, conventions and meetings

    total $762,524

  • 20 · Interest

    total $90,832,803

  • 22 · Depreciation, depletion and amortization

    total $3,253,233

  • 24a · Other expenses: CORRESPONDENT SERVICES

    total $7,671,651

  • 24b · Other expenses: PROVISION FOR CREDIT LO

    total $6,733,747

  • 24c · Other expenses: COMMISSIONS AND LOAN SE

    total $2,152,300

  • 24d · Other expenses: STATE DEPOSIT & OTHER T

    total $2,034,581

  • 24e · All other expenses

    total $2,382,024

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $37,418,947 · end of year $29,517,690

  • 2 · Savings and temporary cash investments

    beginning of year $154,574,406 · end of year $121,909,710

  • 5 · Loans and receivables from officers and key people

    beginning of year $2,011,728 · end of year $2,041,685

  • 7 · Other notes and loans receivable

    beginning of year $3,128,089,657 · end of year $3,347,075,300

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,082,940 · end of year $5,871,436

  • 10a · Land, buildings and equipment: cost or other basis

    $69,252,157

  • 10b · Land, buildings and equipment: accumulated depreciation

    $31,847,654

  • 10c · Land, buildings and equipment, net

    beginning of year $36,669,664 · end of year $37,404,503

  • 11 · Investments: publicly traded securities

    beginning of year $328,991,303 · end of year $305,155,910

  • 15 · Other assets

    beginning of year $66,145,750 · end of year $70,613,655

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,191,737 · end of year $34,337,510

  • 21 · Escrow or custodial account liability

    beginning of year $1,546,384 · end of year $1,539,450

  • 25 · Other liabilities

    beginning of year $3,388,830,521 · end of year $3,508,143,570

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $349,415,753 · end of year $375,569,359

Mission and programs · 2024

Mission

NAVIGANT CREDIT UNION IS MEMBER OWNED AND OPERATED. THE MISSION OF NAVIGANT CREDIT UNION IS TO IMPROVE THE FINANCIAL WELL-BEING OF ITS MEMBERS. IT DOES SO BY RESPONDING TO THE MEMBERS WITH THE VALUE THEY NEED AND THE CARING PERSONAL SERVICE THEY DESERVE. THIS IS ACCOMPLISHED BY PROVIDING COMPETITIVE LOAN AND DEPOSIT RATES AS WELL AS OTHER SERVICES TO OUR MEMBERS SEEK IN MANAGING THEIR FINANCES, DELIVERED BY A KNOWLEDGEABLE AND FRIENDLY STAFF.

Activities or mission (Part I)

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

  • THE CREDIT UNION IS A COOPERATIVE OWNED AND DIRECTED BY AND DEDICATED TO SERVING ITS MEMBERS. THE CREDIT UNION HAS 71,412 LOANS TOTALING $3,362,407,243 DUE FROM MEMBERS AND $3,361,524,850 IN 262,062 DEPOSIT ACCOUNTS FROM MEMBERS. ALSO $223,738 OF FEES WERE RECEIVED FROM MEMBERS RENTING 3,187 SAFE DEPOSIT BOXES.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • CATHERINE PARENTE

    DIRECTOR

    Total calculated
    $30,750
    From this org
    $30,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • JOSEPH BERETTA

    DIRECTOR/CHAIRMAN

    Total calculated
    $31,350
    From this org
    $31,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • ROBERT MURRAY

    DIRECTOR

    Total calculated
    $4,000
    From this org
    $4,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • ROLAND R LACHAPELLE

    DIRECTOR/VICE CHAIRMAN

    Total calculated
    $23,222
    From this org
    $23,222
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • JAMES K SALOME

    DIRECTOR

    Total calculated
    $42,650
    From this org
    $42,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • GARY E FURTADO

    DIRECTOR

    Total calculated
    $54,422
    From this org
    $54,422
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • ANN M KASHMANIAN

    DIRECTOR/SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL RYAN

    DIRECTOR

    Total calculated
    $31,200
    From this org
    $31,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • PAUL BEAUDOIN

    DIRECTOR

    Total calculated
    $37,150
    From this org
    $37,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • PETER BAZIOTIS

    DIRECTOR

    Total calculated
    $31,050
    From this org
    $31,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • KATHLEEN OROVITZ

    PRESIDENT/CEO

    Total calculated
    $1,043,583
    From this org
    $759,362
    From related orgs
    $0
    Other
    $284,221
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $594,944
    Bonus
    $164,418
    Other
    $0
    Deferred
    $277,396
    Nontaxable benefits
    $6,825
    Filer's total
    $1,043,583

  • LISA G DANDENEAU

    SR EVP/CASO

    Total calculated
    $641,978
    From this org
    $522,895
    From related orgs
    $0
    Other
    $119,083
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $413,551
    Bonus
    $104,344
    Other
    $5,000
    Deferred
    $103,312
    Nontaxable benefits
    $15,771
    Filer's total
    $641,978

  • JONATHAN ROBERTS

    SVP/CIO

    Total calculated
    $497,783
    From this org
    $404,034
    From related orgs
    $0
    Other
    $93,749
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $329,263
    Bonus
    $74,771
    Other
    $0
    Deferred
    $76,196
    Nontaxable benefits
    $17,553
    Filer's total
    $497,783

  • DAVID PELLEGRINO

    VP-COMPLIANCE

    Total calculated
    $404,384
    From this org
    $334,956
    From related orgs
    $0
    Other
    $69,428
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $272,501
    Bonus
    $59,562
    Other
    $2,893
    Deferred
    $65,491
    Nontaxable benefits
    $3,937
    Filer's total
    $404,384

  • DAVID DECUBELLIS

    SVP/CRO

    Total calculated
    $452,761
    From this org
    $372,064
    From related orgs
    $0
    Other
    $80,697
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $304,000
    Bonus
    $68,064
    Other
    $0
    Deferred
    $63,414
    Nontaxable benefits
    $17,283
    Filer's total
    $452,761

  • JASON M JOLIN

    EVP/CFO

    Total calculated
    $698,024
    From this org
    $603,274
    From related orgs
    $0
    Other
    $94,750
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $340,107
    Bonus
    $77,390
    Other
    $185,777
    Deferred
    $77,899
    Nontaxable benefits
    $16,851
    Filer's total
    $698,024

  • MICHAEL J MATTONE

    SVP/CRBEO

    Total calculated
    $351,186
    From this org
    $277,488
    From related orgs
    $0
    Other
    $73,698
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $226,750
    Bonus
    $50,738
    Other
    $0
    Deferred
    $56,041
    Nontaxable benefits
    $17,657
    Filer's total
    $351,186

  • LORI JORDAN

    SVP DIRECTOR OF PEOPLE & TALENT MGMT

    Total calculated
    $256,050
    From this org
    $222,767
    From related orgs
    $0
    Other
    $33,283
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $222,767
    Bonus
    $0
    Other
    $0
    Deferred
    $17,808
    Nontaxable benefits
    $15,475
    Filer's total
    $256,050

  • ROSS SILVA

    AVP BUS DEV/REGIONAL LOAN OFFICER

    Total calculated
    $276,574
    From this org
    $240,262
    From related orgs
    $0
    Other
    $36,312
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $240,262
    Bonus
    $0
    Other
    $0
    Deferred
    $19,207
    Nontaxable benefits
    $17,105
    Filer's total
    $276,574

  • JEFFREY P CASCIONE

    SVP DIRECTOR OF COMMERCIAL BANKING

    Total calculated
    $381,479
    From this org
    $321,111
    From related orgs
    $0
    Other
    $60,368
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $315,876
    Bonus
    $0
    Other
    $5,235
    Deferred
    $55,326
    Nontaxable benefits
    $5,042
    Filer's total
    $381,479

  • LEONARDA CONTI

    AVP MORTGAGE LOAN OFFICER

    Total calculated
    $221,580
    From this org
    $198,076
    From related orgs
    $0
    Other
    $23,504
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,076
    Bonus
    $0
    Other
    $0
    Deferred
    $15,827
    Nontaxable benefits
    $7,677
    Filer's total
    $221,580

  • FREDDIE C ALMEIDA

    VP RESIDENTIAL MORTGAGE ORIGINATIONS MANAGER

    Total calculated
    $294,944
    From this org
    $258,775
    From related orgs
    $0
    Other
    $36,169
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $258,775
    Bonus
    $0
    Other
    $0
    Deferred
    $19,287
    Nontaxable benefits
    $16,882
    Filer's total
    $294,944

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Travel for companions
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 1A
TRAVEL FOR COMPANIONS THE CREDIT UNION DOES PERMIT SPOUSES TO TRAVEL WITH MEMBERS OF SENIOR MANAGEMENT FOR CERTAIN TRIPS. NO REIMBURSEMENT IS REQUIRED BY THE EMPLOYEE. HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES - THE CREDIT UNION DOES MAINTAIN MEMBERSHIPS FOR THE CREDIT UNION'S OFFICERS AT LOCAL COUNTRY CLUBS.
PART I, LINE 4B
DURING 2024, SEVEN MEMBERS OF SENIOR MANAGEMENT PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN ADMINISTERED BY ANGELL PENSION GROUP AND RELIANCE TRUST COMPANY. LISA G. DANDENEAU - $75,712 KATHLEEN OROVITZ - $251,796 JONATHAN ROBERTS - $48,596 JASON JOLIN - $50,299 DAVID DECUBELLIS - $45,383 DAVID PELLEGRINO - $38,695 MICHAEL MATTONE - $33,842
SCHEDULE J, PART II, COLUMN F:
ONE EMPLOYEE RECEIVED COMPENSATION IN CURRENT YEAR WHICH REPORTED AS DEFERRED ON PRIOR FORM 990. JASON JOLIN - $185,777

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202523179349310367

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