1 star ratingAverage User Rating:
1 star rating based on 1 review.

Navigant Credit Union

Navigant Credit Union Locations
1005 Douglas Pike
Smithfield, RI 02917
(401) 233-4300
www.navigantcu.org

NCUA

Navigant Credit Union is headquartered in Smithfield and is the 2nd largest credit union in the state of Rhode Island. It is also the 133rd largest credit union in the nation. It was established in 1915 and as of December of 2012, it had grown to 213 employees and 54,283 members. Navigant Credit Union has a 5-star health rating.

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3.15% Reward Checking Account at Navigant Credit Union in Rhode Island - 3/15/2009

Update 10/04/09: The top rate has fallen to 3.15% APY.Navigant Credit Union is offering a reward checking account called Journe Rewards Checking. The account offers the following features if certain monthly requirements are met:3.15% APY on balances from...

3.00% 6-Month CD at Navigant Credit Union in Rhode Island - 1/25/2009

Navigant Credit Union is offering a special 3.00% APY 6-month CD. Minimum deposit is $500. This rate is listed in the credit union's rate table as of 1/25/09.I can't find the details of membership eligibility. Some general information is described in the...



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See Rates for: Checking | Savings | Money Market | CD | IRA

Navigant Credit Union Checking Account Rates

ApyMinMaxProduct
1.25%-$25kJourne Rewards Checking
0.25%--Relationship Checking
0.05%--Personal Checking

Navigant Credit Union Savings Account Rates

ApyMinMaxProduct
0.15%--Statement Savings

Navigant Credit Union Money Market Rates

ApyMinMaxProduct
1.00%$150k-Quest Business Money Market
0.25%$50k-Relationship Money Market Account
0.15%--Money Market

Navigant Credit Union CD Rates

ApyMinMaxProduct
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

ApyMinMaxProduct
1.25%$500-5 Year IRA
1.25%$500-5 Year Roth IRA
1.25%$500-5 Year Coverdell Education IRA
1.00%$500-4 Year IRA
1.00%$500-4 Year Roth IRA
1.00%$500-4 Year Coverdell Education IRA
1.00%$500-4 Year IRA
0.75%$500-3 Year IRA
0.75%$500-3 Year Roth IRA
0.75%$500-3 Year Coverdell Education IRA
0.65%$500-2.5 Year IRA
0.65%$500-2.5 Year Roth IRA
0.65%$500-2.5 Year Coverdell Education IRA
0.50%$500-2 Year IRA
0.50%$500-2 Year Roth IRA
0.50%$500-2 Year Coverdell Education IRA
0.45%$500-18 Month IRA
0.45%$500-18 Month Roth IRA
0.45%$500-18 Month Coverdell Education IRA
0.40%$500-15 Month IRA
0.40%$500-15 Month Roth IRA
0.40%$500-15 Month Coverdell Education IRA
0.35%$500-13 Month IRA
0.35%$500-13 Month Roth IRA
0.35%$500-13 Month Coverdell Education IRA
0.25%$500-6 Month IRA
0.25%$500-12 Month IRA
0.25%$500-6 Month Roth IRA
0.25%$500-12 Month Roth IRA
0.25%$500-6 Month Coverdell Education IRA
0.25%$500-12 Month Coverdell Education IRA
0.25%$500-7 - 11 Month Coverdell Education IRA
0.25%$500-7 - 11 Month IRA
0.25%$500-7 - 11 Month Roth IRA

Rates updated: 5/22/2013

Data for Q4 2012


Institution Statistics


NAVIGANT
NCUA #62882
BankRate ReportView
Year Chartered1915
Employees213
Primary Regulator

Assets and Liabilities

Assets$1.33 billion
Loans$832.42 million
Deposits$1.06 billion
Equity Capital$150.92 million
Loan Loss Allowance$5.66 million
Unbacked Noncurrent Loans$6.73 million
Real Estate Owned$921,000

Historic Data - December 2011

Assets$1.26 billion
Equity Capital$152.36 million
Loan Loss Allowance$5.29 million
Unbacked Noncurrent Loans$9.08 million
Real Estate Owned$1.61 million

Profit Margin - Quarterly

Net Interest Margin4.46%
Return on Assets0.33%
Return on Equity2.86%
Interest Income$44.74 million
Non-Interest Income$7.97 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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, 2012 Navigant Credit Union had $7.65 million in non-current loans and owned real-estate with $156.57 million in equity and loan loss allowances on hand to cover it. This gives Navigant Credit Union a Texas Ratio of 4.89% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Navigant Credit Union decreased slightly from 6.78% as of December 31, 2011 to 4.89% as of December 31, 2012, resulting in a positive change of 27.95%.This indicates that the balance sheet and financial strength for Navigant Credit Union has improved slightly in recent periods.
Deposit Growth5
In the past year, Navigant Credit Union has increased its total deposits by $74.5 million, resulting in 7.59% 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.
Capitalization4
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 $1.33 billion in assets with $156.57 million in equity, resulting in a capitalization level of 11.81%, which is above average.
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I Didn't Even Want To Leave A Star
1 stars - jg1021 - Tuesday, September 18, 2012 - 1:36 PM

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  

3
 
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