Navigator Credit Union is headquartered in Pascagoula and is the 2nd largest credit union in the state of Mississippi. It is also the 730th largest credit union in the nation. It was established in 1939 and as of December of 2013, it had grown to 118 employees and 44,617 members. Navigator Credit Union's savings rates are 11X the national average, and it has a A health rating.
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
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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 Navigator Credit Union had $3.4 million in non-current loans and owned real-estate with $43.05 million in equity and loan loss allowances on hand to cover it. This gives Navigator Credit Union a Texas Ratio of 7.90% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Navigator Credit Union experienced no significant changes from 7.28% as of December 31, 2012 to 7.90% as of December 31, 2013, resulting in a negative change of 8.57%. This indicates that the balance sheet and financial strength for Navigator Credit Union has had no significant changes in recent periods.
In the past year, Navigator Credit Union has increased its total deposits by $7.8 million, resulting in 3.44% 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.
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 $272.99 million in assets with $43.05 million in equity, resulting in a capitalization level of 15.77%, which is excellent.
|Assets and Liabilities|
|Equity Capital||$36.80 million|
|Loan Loss Allowance||$6.25 million|
|Unbacked Noncurrent Loans||$3.12 million|
|Real Estate Owned||$276,000|
|Historic Data - December 2012|
|Equity Capital||$34.77 million|
|Loan Loss Allowance||$5.63 million|
|Unbacked Noncurrent Loans||$3.12 million|
|Real Estate Owned||$408,000|
|Profit Margin - Quarterly|
|Net Interest Margin||5.9%|
|Return on Assets||0.74%|
|Return on Equity||5.5%|
|Interest Income||$13.02 million|
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|5.50%||-||$300||Save'N Up Share|
|2.35%||$100k||-||60 Month Jumbo Share CD|
|2.25%||$25k||$100k||60 Month Regular CD|
|1.95%||$100k||-||48 Month Jumbo Share CD|
|1.85%||$25k||$100k||48 Month Regular CD|
|1.60%||$100k||-||36 Month Jumbo Share CD|
|1.55%||$100k||-||30 Month Jumbo Share CD|
|1.50%||$25k||$100k||36 Month Regular CD|
|1.50%||$100k||-||24 Month Jumbo Share CD|
|1.45%||$25k||$100k||30 Month Regular CD|
|1.40%||$25k||$100k||24 Month Regular CD|
|1.05%||$100k||-||18 Month Jumbo Share CD|
|1.02%||$25k||$100k||18 Month Regular CD|
|0.95%||$100k||-||12 Month Jumbo Share CD|
|0.93%||$25k||$100k||12 Month Regular CD|
|0.50%||$100k||-||6 Month Jumbo Share CD|
|0.48%||$25k||-||6 Month 1st Nvestor CD|
|0.48%||$25k||$100k||6 Month Regular CD|
|2.45%||$100k||-||60 Month Jumbo IRA|
|2.35%||$25k||-||60 Month IRA|
|2.05%||$100k||-||48 Month Jumbo IRA|
|1.95%||$25k||$100k||48 Month IRA|
|1.70%||$100k||-||36 Month Jumbo IRA|
|1.65%||$100k||-||30 Month Jumbo IRA|
|1.60%||$25k||$100k||36 Month IRA|
|1.60%||$100k||-||24 Month Jumbo IRA|
|1.55%||$25k||$100k||30 Month IRA|
|1.50%||$25k||$100k||24 Month IRA|
|1.15%||$100k||-||18 Month Jumbo IRA|
|1.13%||$25k||$100k||18 Month IRA|
|1.05%||$100k||-||12 Month Jumbo IRA|
|1.02%||$25k||$100k||12 Month IRA|
|0.60%||$100k||-||6 Month Jumbo IRA|
|0.57%||$25k||-||6 Month 1st Nvestor IRA|
|0.57%||$25k||$100k||6 Month IRA|