Nonprofit · EIN 05-0125860
NAVIGANT CREDIT UNION
Tax-exempt · SMITHFIELD, RI 02917
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $204,818,900 | $188,159,100 | $16,659,800 | $3,919,589,889 | $3,544,020,530 | $375,569,359 |
| December 31, 2023 | 990 | $175,197,292 | $154,270,688 | $20,926,604 | $3,756,984,395 | $3,407,568,642 | $349,415,753 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $190,215,954
- Investment income
- $13,825,215
- Net gain from sales of assets
- $1,238,090
- Other revenue
- $777,731
Expenses
- Grants and similar amounts paid
- $1,287,569
- Compensation of officers, directors and key employees
- $3,559,867
- Other salaries and wages
- $32,792,881
- Salaries, compensation and benefits (total)
- $48,955,934
- Professional fundraising fees
- $0
- Accounting fees
- $8,728
- Occupancy
- $5,803,726
- Travel
- $164,596
- Depreciation
- $3,253,233
Balance sheet and other
- Total assets, start of year
- $3,756,984,395
- Total assets, end of year
- $3,919,589,889
- Total liabilities, end of year
- $3,544,020,530
- Net assets, end of year
- $375,569,359
- Land, buildings and equipment
- $37,404,503
- Publicly traded securities
- $305,155,910
- Gross unrelated business income
- $214,056
- Gross receipts
- $204,818,900
- Employees
- 510
- Volunteers
- 1
- Year formed
- 1915
- State of legal domicile
- RI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KATHLEEN OROVITZ | PRESIDENT/CEO Trustee or director, Officer | 40 | $759,362 | $284,221 |
| JASON M JOLIN | EVP/CFO Key employee | 40 | $603,274 | $94,750 |
| LISA G DANDENEAU | SR EVP/CASO Key employee | 40 | $522,895 | $119,083 |
| JONATHAN ROBERTS | SVP/CIO Key employee | 40 | $404,034 | $93,749 |
| DAVID DECUBELLIS | SVP/CRO Key employee | 40 | $372,064 | $80,697 |
| DAVID PELLEGRINO | VP-COMPLIANCE Key employee | 40 | $334,956 | $69,428 |
| JEFFREY P CASCIONE | SVP DIRECTOR OF COMMERCIAL BANKING Highest-paid employee | 40 | $321,111 | $60,368 |
| MICHAEL J MATTONE | SVP/CRBEO Key employee | 40 | $277,488 | $73,698 |
| FREDDIE C ALMEIDA | VP RESIDENTIAL MORTGAGE ORIGINATIONS MANAGER Highest-paid employee | 40 | $258,775 | $36,169 |
| ROSS SILVA | AVP BUS DEV/REGIONAL LOAN OFFICER Highest-paid employee | 40 | $240,262 | $36,312 |
| LORI JORDAN | SVP DIRECTOR OF PEOPLE & TALENT MGMT Highest-paid employee | 40 | $222,767 | $33,283 |
| LEONARDA CONTI | AVP MORTGAGE LOAN OFFICER Highest-paid employee | 40 | $198,076 | $23,504 |
| GARY E FURTADO | DIRECTOR Trustee or director | 1 | $54,422 | $0 |
| JAMES K SALOME | DIRECTOR Trustee or director | 1 | $42,650 | $0 |
| PAUL BEAUDOIN | DIRECTOR Trustee or director | 1 | $37,150 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSEPH BERETTA | DIRECTOR/CHAIRMAN Trustee or director, Officer | 1 | $31,350 |
| MICHAEL RYAN | DIRECTOR Trustee or director | 1 | $31,200 |
| PETER BAZIOTIS | DIRECTOR Trustee or director | 1 | $31,050 |
| CATHERINE PARENTE | DIRECTOR Trustee or director | 1 | $30,750 |
| ROLAND R LACHAPELLE | DIRECTOR/VICE CHAIRMAN Trustee or director, Officer | 1 | $23,222 |
| ROBERT MURRAY | DIRECTOR Trustee or director | 1 | $4,000 |
| ANN M KASHMANIAN | DIRECTOR/SECRETARY Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LISA G DANDENEAU | SR EVP/CASO Key employee | 40 | $974,677 | $114,450 |
| KATHLEEN OROVITZ | PRESIDENT/CEO Trustee or director, Officer | 40 | $687,712 | $178,706 |
| GARY E FURTADO | CEO, EMERITUS/DIRECTOR Trustee or director | 40 | $469,304 | $19,865 |
| JASON M JOLIN | EVP/CFO Key employee | 40 | $398,250 | $85,572 |
| JONATHAN ROBERTS | SVP/CIO Key employee | 40 | $379,700 | $77,916 |
| DAVID DECUBELLIS | SVP/CRO Key employee | 40 | $360,813 | $76,801 |
| JEFFREY P CASCIONE | SVP DIRECTOR OF COMMERCIAL BANKING Highest-paid employee | 40 | $299,705 | $31,397 |
| DAVID PELLEGRINO | VP-COMPLIANCE Key employee | 40 | $252,774 | $52,131 |
| ROSS SILVA | AVP BUS DEV/REGIONAL LOAN OFFICER Highest-paid employee | 40 | $264,727 | $39,214 |
| FREDDIE C ALMEIDA | VP RESIDENTIAL MORTGAGE ORIGINATIONS MANAGER Highest-paid employee | 40 | $245,533 | $36,000 |
| TIMOTHY DRAPER | SVP PR & COMMUNITY ENGAGEMENT Highest-paid employee | 40 | $220,025 | $33,732 |
| MICHAEL J MATTONE | SVP/CRBEO Key employee | 40 | $230,575 | $11,846 |
| LORI JORDAN | SVP DIRECTOR OF PEOPLE & TALENT MANAGEMENT Highest-paid employee | 40 | $208,366 | $33,714 |
| H CHRIS DER VARTANIAN | SVP/CRO Key employee | 40 | $193,059 | $11,414 |
| JAMES K SALOME | DIRECTOR/CHAIRMAN Trustee or director, Officer | 1 | $27,950 | $0 |
| ROLAND R LACHAPELLE | DIRECTOR Trustee or director | 1 | $23,588 | $0 |
| PAUL BEAUDOIN | DIRECTOR Trustee or director | 1 | $23,500 | $0 |
| ANN M KASHMANIAN | DIRECTOR/SECRETARY Trustee or director, Officer | 1 | $18,600 | $0 |
| JOSEPH BERETTA | DIRECTOR Trustee or director | 1 | $18,525 | $0 |
| PETER BAZIOTIS | DIRECTOR Trustee or director | 1 | $18,525 | $0 |
| CATHERINE PARENTE | DIRECTOR Trustee or director | 1 | $18,375 | $0 |
| MICHAEL RYAN | DIRECTOR Trustee or director | 1 | $18,300 | $0 |
| ROBERT MURRAY | DIRECTOR/VICE CHAIRMAN Trustee or director, Officer | 1 | $12,750 | $0 |
Address and contacts
- Address (IRS master file)
- 1005 DOUGLAS PIKE, SMITHFIELD, RI 02917-1206
- Mailing address (990-N for 2009)
- 184 Fairfield Avenue, Woonsocket RI 028956013
- Principal officer (990 for 2024)
- JASON M JOLIN, 1005 DOUGLAS PIKE, SMITHFIELD, RI 029171206
- Principal officer (990-N for 2009)
- Lucienne Croteau, 184 Fairfield Avenue, Woonsocket RI 028956013
- Signed the 990
- JASON M JOLIN, EVP/CFO
- Phone
- (401) 233-4304
- Return prepared by
- WOLF & COMPANY PC
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.
Program accomplishments
- 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.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 05-0125860
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1984
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W61)
- Assets (IRS master file)
- $3,919,589,889
- Income (IRS master file)
- $204,818,900
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $204,818,900 | $188,159,100 | $3,919,589,889 | XML |
| 990 | December 2023 | $175,197,292 | $154,270,688 | $3,756,984,395 | XML |
| 990 | December 2022 | $130,542,626 | $96,880,404 | $3,423,774,708 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2009 Officer: Lucienne Croteau | December 31, 2009 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 05-0125860).
Questions about NAVIGANT CREDIT UNION
- What is the EIN of NAVIGANT CREDIT UNION?
- The employer identification number (EIN) of NAVIGANT CREDIT UNION is 05-0125860.
- Is NAVIGANT CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1984.
- Are donations to NAVIGANT CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NAVIGANT CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NAVIGANT CREDIT UNION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NAVIGANT CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NAVIGANT CREDIT UNION?
- The 990 for the year ended December 31, 2024 names JASON M JOLIN.
- Who are the officers and directors of NAVIGANT CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 22 people; 21 received compensation from the organization, the highest $759,362 (KATHLEEN OROVITZ, PRESIDENT/CEO).
- How much revenue does NAVIGANT CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $204,818,900, expenses of $188,159,100 and total assets of $3,919,589,889 at year end.
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