NAVIGATOR CREDIT UNION

EIN: 640179401 Public & Societal Benefit

PASCAGOULA, MS

Total Revenue
$2,475,579
Total Expenses
$2,456,256
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1939
Legal Domicile
MS
Principal Officer
SONYA JARVIS
Phone
2287623542
Tax Period
2024-01-01 to 2024-04-30

NAVIGATOR CREDIT UNION, founded in 1939, is a community nonprofit in the Public & Societal Benefit sector that reported $2.5M in total revenue in fiscal year 2024. Revenue fell 92% from the prior year — a significant decline worth monitoring.

Mission

THE CREDIT UNION'S MISSION IS TO PROMOTE THRIFT AMONG ITS MEMBERS AND CREATE A SOURCE OF CREDIT FOR THEM AT LEGITIMATE RATES OF INTEREST. THE CREDIT UNION'S MEMBERS INCLUDE EMPLOYEES OF HUNTINGTON INGALLS INDUSTRIES OPERATING DIVISION ENGAGED IN THE SHIPBUILDING INDUSTRY IN JACKSON COUNTY, MISSISSIPPI AND THEIR FAMILIES, AS WELL AS THOSE WHO LIVE, WORK, WORSHIP OR ATTEND SCHOOL IN MOBILE AND BALDWIN COUNTIES, ALABAMA AND A DESINATED PORTION OF GULFPORT, MISSISSIPPI, FEDERAL EMPLOYEES IN JACKSON COUNTY, MISSISSIPPI AS WELL AS FEDERAL GOVERNMENT RETIRES AND THEIR FAMILIES, INDIVIDUALS EMPLOYED AT ANY BUSINESS LOCATED IN JACKSON OR HARRISON COUNTY, MISSISSIPPI WHICH HAS FEWER THAN 500 EMPLOYEES AS WELL AS RETIREES AND FAMILY MEMBERS OF THIS GROUP. THE TOTAL NUMBER OF MEMBERS IS IN EXCESS OF 45,000.

Program Service Accomplishments

Program 1

IN OUR EFFORTS TO PROMOTE THRIFT AMONG OUR MEMBERS, THE CREDIT UNION PROVIDES COMPETITIVE SAVINGS PRODUCTS, WHICH INCLUDE SAVINGS, CHECKING, MONEY MARKET, CERTIFICATES OF DEPOSIT ACCOUNTS AS WELL AS...

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IN OUR EFFORTS TO PROMOTE THRIFT AMONG OUR MEMBERS, THE CREDIT UNION PROVIDES COMPETITIVE SAVINGS PRODUCTS, WHICH INCLUDE SAVINGS, CHECKING, MONEY MARKET, CERTIFICATES OF DEPOSIT ACCOUNTS AS WELL AS IRA SAVINGS AND CERTIFICATES OF DEPOSIT ACCOUNTS.

Program 2

TO MEET THE FINANCIAL NEEDS OF OUR MEMBERS, THE CREDIT UNION PROVIDES A SOURCE OF CREDIT BY OFFERING A VARIETY OF CONSUMER AND MORTGAGE LENDING PRODUCTS AT REASONABLE RATES OF INTEREST.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,433,339
Investment Income $189,141
Other Revenue $853,099
TOTAL REVENUE $2,475,579

Expense Breakdown

Grants Paid $0
Salaries & Benefits $841,543
Fundraising Expenses $0
Other Expenses $1,614,713
TOTAL EXPENSES $2,456,256

Year-over-Year Comparison

2024 2023 Change
Revenue $2,475,579 $31,083,422 -0.9%
Expenses $2,456,256 $25,803,326 -0.9%
Net Income $19,323 $5,280,096 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CYNTHIA BOWLES SECRETARY 3.00
Officer Director
$0 $0 $0
CARLOS LETT VICE CHAIRMAN 3.00
Officer Director
$0 $0 $0
TOMMY LEONARD CHAIRMAN 3.00
Officer Director
$0 $0 $0
DOROTHY TODD DIRECTOR 3.00
Director
$0 $0 $0
RICHARD SCHENK DIRECTOR 3.00
Director
$0 $0 $0
CHRIS HUDSON DIRECTOR 3.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $2,475,579 $2,456,256 No data $19,323
2023 $31,083,422 $25,803,326 $378,835,061 $5,280,096
2022 $26,230,497 $21,968,116 $418,420,655 $4,262,381
2021 $21,926,267 $19,434,926 $437,761,691 $2,491,341
2020 $21,809,373 $19,938,391 $392,899,473 $1,870,982
2019 $26,433,948 $25,145,064 $328,801,170 $1,288,884
2018 $27,943,477 $27,440,187 $332,443,355 $503,290
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