SMITHFIELD, R.I.–Navigant Credit Union shared an update on what it called “a successful 2024” during its 109th Annual Shareholders meeting.
The event included its senior leadership team, employees, board members, members and others, it said, adding that during the event it “reaffirmed its commitment to working to improve the financial well-being of the families, communities and businesses it serves.”
Reporting year-over-year growth at virtually every level of the institution, Navigant Credit Union reported it closed 2024 with more than $3.9 billion in total operating assets, a roughly $163 million year-over-year increase. Consumer, residential, equity and business lending all increased year-over-year, resulting in more than $3.3 billion in total lending activity in 2024.
“On behalf of our board of directors, our employees and our more than 155,000 members, I am thrilled to share that Navigant Credit Union is entering 2025 in a state of financial strength,” Navigant Credit Union President /CEO Kathy Orovitz said in a statement. “Our consistent success and exponential growth is a testament to both our excellent team and the trust we have earned from our valued members across the state. We are proud of our position as a leader in Rhode Island’s economy, and we look forward to another successful year in 2025.”
Highlights
NCU said additional highlights and announcements from the annual meeting include:
- Bonus Dividend: For the 36th consecutive year, Navigant Credit Union members will earn a bonus dividend based on the credit union’s 2024 success.
- Philanthropy & Volunteerism: In 2024, Navigant Credit Union invested nearly $1.1 million directly into the communities we serve in the form of donations and grants in support of more than 450 nonprofit organizations. Additionally, the Navigant Credit Union Charitable Foundation distributed more than $570,000 in high-impact grant funding to support more than 33 nonprofit organizations.
- 2024 Awards & Accolades: Navigant Credit Union’s work in 2024 was recognized in the form of several awards and accolades, including being named Rhode Island’s Best In-State Credit Union by Forbes; one of America’s Best Regional Banks & Credit Unions by Newsweek; and one of Rhode Island’s Fastest-Growing Companies byProvidence Business News.
Stellar Team
“With a stellar team and first-class financial expertise, we navigated an increasingly complex global economy adeptly and fruitfully to deliver strong results for our members,” said Navigant Chairman James K. Salome in a statement. “On behalf of the Board of Directors, I want to congratulate the entire Navigant team on another fantastic year and thank our members across Rhode Island for continuing to trust us with your financial future.”