Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
228-475-7300
2721 Jerry St Pe Hwy
Pascagoula, MS 39567

Navigator Credit Union is headquartered in Pascagoula and is the 2nd largest credit union in the state of Mississippi. It is also the 723rd largest credit union in the nation. It was established in 1939 and as of March of 2014, it had grown to 121 employees and 45,610 members. Navigator Credit Union's savings rates are 11X the national average, and it boasts a A+ health rating.

Field of Membership Restrictions

Must be an employee of Northrop Grumman Ship System or affiliated entity or be an employee of any business in Jackson or Harrison County, Mississippi. Also open to those who live, work, worship or attend school in Mobile or Baldwin County in Alabama or a specific portion of Gulfport, Mississippi. - See Details

Related Posts



No reviews have been left for this bank yet. Be the first to review.



Health

Data for Q1 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Navigator Credit Union had $3.06 million in non-current loans and owned real-estate with $44.04 million in equity and loan loss allowances on hand to cover it. This gives Navigator Credit Union a Texas Ratio of 6.96% 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 Navigator Credit Union experienced no significant changes from 6.72% as of March 31, 2013 to 6.96% as of March 31, 2014, resulting in a negative change of 3.63%. This indicates that the balance sheet and financial strength for Navigator Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Navigator Credit Union has increased its total deposits by $15.62 million, resulting in 6.76% 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 Navigator 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. Navigator Credit Union has $286.06 million in assets with $44.04 million in equity, resulting in a capitalization level of 15.40%, which is excellent.

Institution Statistics

Overall
NCUA #63637
Year Chartered1939
Employees121
Primary Regulator
Assets and Liabilities
Assets$286.06 million
Loans$186.65 million
Deposits$246.82 million
Equity Capital$37.79 million
Loan Loss Allowance$6.25 million
Unbacked Noncurrent Loans$2.80 million
Real Estate Owned$266,000
Historic Data - March 2013
Assets$268.30 million
Equity Capital$35.67 million
Loan Loss Allowance$5.85 million
Unbacked Noncurrent Loans$2.80 million
Real Estate Owned$550,000
Profit Margin - Quarterly
Net Interest Margin1.5%
Return on Assets1.39%
Return on Equity10.55%
Interest Income$3.25 million
Rates

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

Navigator Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
5.50%-$300Save'N Up Share
0.75%--Christmas Club
0.55%--IRA
0.50%$100k-Premium Savings
0.35%--Primary Savings

Navigator Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.50%$100k-Money Market

Navigator Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.15%--Checking

Navigator Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
2.35%$100k-60 Month Jumbo Share CD
2.25%$25k$100k60 Month Regular CD
1.95%$100k-48 Month Jumbo Share CD
1.85%$25k$100k48 Month Regular CD
1.60%$100k-36 Month Jumbo Share CD
1.55%$100k-30 Month Jumbo Share CD
1.50%$25k$100k36 Month Regular CD
1.50%$100k-24 Month Jumbo Share CD
1.45%$25k$100k30 Month Regular CD
1.40%$25k$100k24 Month Regular CD
1.05%$100k-18 Month Jumbo Share CD
1.02%$25k$100k18 Month Regular CD
0.95%$100k-12 Month Jumbo Share CD
0.93%$25k$100k12 Month Regular CD
0.50%$100k-6 Month Jumbo Share CD
0.48%$25k-6 Month 1st Nvestor CD
0.48%$25k$100k6 Month Regular CD

Navigator Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
2.45%$100k-60 Month Jumbo IRA
2.35%$25k-60 Month IRA
2.05%$100k-48 Month Jumbo IRA
1.95%$25k$100k48 Month IRA
1.70%$100k-36 Month Jumbo IRA
1.65%$100k-30 Month Jumbo IRA
1.60%$25k$100k36 Month IRA
1.60%$100k-24 Month Jumbo IRA
1.55%$25k$100k30 Month IRA
1.50%$25k$100k24 Month IRA
1.15%$100k-18 Month Jumbo IRA
1.13%$25k$100k18 Month IRA
1.05%$100k-12 Month Jumbo IRA
1.02%$25k$100k12 Month IRA
0.60%$100k-6 Month Jumbo IRA
0.57%$25k-6 Month 1st Nvestor IRA
0.57%$25k$100k6 Month IRA
Locations

Navigator Credit Union has 12 locations. Click to view all Navigator Credit Union locations.