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401-233-4300
1005 Douglas Pike
Smithfield, RI 02917

Navigant Credit Union is headquartered in Smithfield and is the 2nd largest credit union in the state of Rhode Island. It is also the 123rd largest credit union in the nation. It was established in 1915 and as of December of 2013, it had grown to 232 employees and 63,524 members. Navigant Credit Union's money market rates are 93% higher than the national average, and it boasts a A+ health rating.

Field of Membership Restrictions

Membership not limited to any geographic region, contact the credit union to see if you are eligible. - See Details

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Reviews (1)

I Didn't Even Want To Leave A Star

I have been a customer for over a year now. I recently overdrafted my account by a few transactions most of which were $7 to $20 each. The credit union charegd me $31 each transaction totaling $310. When I called to question this since it was the first time it ever happened, they finally signed me up for overdraft protection linking it to my savings. I thought I had already had this, but I only had overdraft privilige. Don't know who's error that was since it was over a year ago now. When questioning the error, they would only revers two of the fee's unless I could speak with the person who opened my account. What's $62 out of $310. Not only that it took 3 business days to finally have a manager call me about this issue. I have talked to several people about this and they know that fee's at other banks are usually reversed if you have not had this happen in the past. Not to mention we don't know who's error it is that I did not have my accounts linked. I am now closing my accounts  



Health

Data for Q4 2013

Institution Health

A+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Navigant Credit Union had $11.79 million in non-current loans and owned real-estate with $173.59 million in equity and loan loss allowances on hand to cover it. This gives Navigant Credit Union a Texas Ratio of 6.79% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Navigant Credit Union experienced no significant changes from 4.89% as of December 31, 2012 to 6.79% as of December 31, 2013, resulting in a negative change of 39.06%. This indicates that the balance sheet and financial strength for Navigant Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Navigant Credit Union has increased its total deposits by $94.69 million, resulting in 8.97% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Navigant Credit Union has shown is excellent.

Capitalization

GRADE:
A

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Navigant Credit Union has $1.46 billion in assets with $173.59 million in equity, resulting in a capitalization level of 11.90%, which is excellent.

Institution Statistics

Overall
NCUA #62882
Year Chartered1915
Employees232
Primary Regulator
Assets and Liabilities
Assets$1.46 billion
Loans$1.05 billion
Deposits$1.15 billion
Equity Capital$167.58 million
Loan Loss Allowance$6.01 million
Unbacked Noncurrent Loans$11.02 million
Real Estate Owned$773,000
Historic Data - December 2012
Assets$1.33 billion
Equity Capital$150.92 million
Loan Loss Allowance$5.66 million
Unbacked Noncurrent Loans$11.02 million
Real Estate Owned$921,000
Profit Margin - Quarterly
Net Interest Margin3.73%
Return on Assets0.39%
Return on Equity3.37%
Interest Income$44.74 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Navigant Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Navigant Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--Statement Savings

Navigant Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.85%$150k-Quest Business Money Market
0.20%$50k-Relationship Money Market Account
0.10%--Money Market

Navigant Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
1.25%-$20kJourne Rewards Checking
0.15%--Relationship Checking
0.05%--Personal Checking

Navigant Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.25%$500-5 Year CD
1.00%$500-4 Year CD
0.75%$500-3 Year CD
0.65%$500-2.5 Year CD
0.50%$500-2 Year CD
0.45%$500-18 Month CD
0.40%$500-15 Month CD
0.35%$500-13 Month CD
0.25%$500-6 Month CD
0.25%$500-12 Month CD
0.25%$500-7 - 11 Month CD

Navigant Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.25%$500-5 Year IRA (Traditional,Roth,CESA)
0.75%$500-3 Year IRA (Traditional,Roth,CESA)
0.65%$500-2.5 Year IRA (Traditional,Roth,CESA)
0.50%$500-2 Year IRA (Traditional,Roth,CESA)
0.45%$500-18 Month IRA (Traditional,Roth,CESA)
0.40%$500-15 Month IRA (Traditional,Roth,CESA)
0.35%$500-13 Month IRA (Traditional,Roth,CESA)
0.25%$500-6 Month IRA (Traditional,Roth,CESA)
0.25%$500-12 Month IRA (Traditional,Roth,CESA)
0.25%$500-7 - 11 Month IRA (Traditional,CESA,Roth)
Locations

Navigant Credit Union has 14 locations. Click to view all Navigant Credit Union locations.