Civic Intelligence

Navigator Credit Union

EIN 64-0179401 • 501(c)14 • Pascagoula, MS

Profile

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.

PO Box 1647Pascagoula, MS 39568-1647

www.navigatorcu.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

35th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)14 • $1M-$5M nonprofits • Source year 2024

Net Margin

52nd percentile

0.8%

Higher net margin than 52% of similar nonprofits.

501(c)14 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

18th percentile

$0

Higher top officer pay than 18% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)14 • $1M-$5M nonprofits • Source year 2024

Asset Growth

34th percentile

-100%

Faster asset growth than 34% of similar nonprofits.

501(c)14 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

2nd percentile

-92%

Faster revenue growth than 2% of similar nonprofits.

501(c)14 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$0

Down $378,835,061 (-100%) from 2023

Liabilities

Down

$0

Down $320,467,360 (-100%) from 2023

Net Assets

Down

$0

Down $58,367,701 (-100%) from 2023

Revenue

Down

$2,475,579

Down $28,607,843 (-92%) from 2023

Expenses

Down

$2,456,256

Down $23,347,070 (-90%) from 2023

Net Income

Down

$19,323

Down $5,260,773 (-100%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600M$400M$200M$0Assets 2010: $233,655,869Liabilities 2010: $203,300,984Net Assets 2010: $30,354,8852010Assets 2011: $246,556,521Liabilities 2011: $214,370,418Net Assets 2011: $32,186,1032011Assets 2012: $263,229,790Liabilities 2012: $228,455,014Net Assets 2012: $34,774,7762012Assets 2013: $272,994,330Liabilities 2013: $236,197,440Net Assets 2013: $36,796,8902013Assets 2014: $289,055,509Liabilities 2014: $250,357,612Net Assets 2014: $38,697,8972014Assets 2015: $309,470,301Liabilities 2015: $268,885,456Net Assets 2015: $40,584,8452015Assets 2016: $336,383,177Liabilities 2016: $293,298,368Net Assets 2016: $43,084,8092016Assets 2017: $344,235,058Liabilities 2017: $301,454,229Net Assets 2017: $42,780,8292017Assets 2018: $332,443,355Liabilities 2018: $289,159,236Net Assets 2018: $43,284,1192018Assets 2019: $328,801,170Liabilities 2019: $284,228,167Net Assets 2019: $44,573,0032019Assets 2020: $392,899,473Liabilities 2020: $346,455,488Net Assets 2020: $46,443,9852020Assets 2021: $437,761,691Liabilities 2021: $388,826,365Net Assets 2021: $48,935,3262021Assets 2022: $418,420,655Liabilities 2022: $365,222,948Net Assets 2022: $53,197,7072022Assets 2023: $378,835,061Liabilities 2023: $320,467,360Net Assets 2023: $58,367,7012023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2024

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40M$30M$20M$10M$0-$10MExpenses 2010: $16,649,1412010Expenses 2011: $17,258,1962011Expenses 2012: $17,893,1952012Revenue 2013: $21,327,576Expenses 2013: $19,305,462Net Income 2013: $2,022,1142013Revenue 2014: $21,910,779Expenses 2014: $20,009,772Net Income 2014: $1,901,0072014Revenue 2015: $24,288,721Expenses 2015: $22,401,773Net Income 2015: $1,886,9482015Revenue 2016: $26,227,602Expenses 2016: $23,727,638Net Income 2016: $2,499,9642016Revenue 2017: $27,052,082Expenses 2017: $27,356,066Net Income 2017: -$303,9842017Revenue 2018: $27,943,477Expenses 2018: $27,440,187Net Income 2018: $503,2902018Revenue 2019: $26,433,948Expenses 2019: $25,145,064Net Income 2019: $1,288,8842019Revenue 2020: $21,809,373Expenses 2020: $19,938,391Net Income 2020: $1,870,9822020Revenue 2021: $21,926,267Expenses 2021: $19,434,926Net Income 2021: $2,491,3412021Revenue 2022: $26,230,497Expenses 2022: $21,968,116Net Income 2022: $4,262,3812022Revenue 2023: $31,083,422Expenses 2023: $25,803,326Net Income 2023: $5,280,0962023Revenue 2024: $2,475,579Expenses 2024: $2,456,256Net Income 2024: $19,3232024

Highlighted filing

2024

Revenue$2,475,579
Expenses$2,456,256
Net Income$19,323

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$2.48$2.46$0.02
2023Detailed filing. Detailed filing data is available for this year.$379$320$58.4$31.1$25.8$5.28
2022Detailed filing. Detailed filing data is available for this year.$418$365$53.2$26.2$22.0$4.26
2021Detailed filing. Detailed filing data is available for this year.$438$389$48.9$21.9$19.4$2.49
2020Detailed filing. Detailed filing data is available for this year.$393$346$46.4$21.8$19.9$1.87
2019Detailed filing. Detailed filing data is available for this year.$329$284$44.6$26.4$25.1$1.29
2018Detailed filing. Detailed filing data is available for this year.$332$289$43.3$27.9$27.4$0.50
2017Detailed filing. Detailed filing data is available for this year.$344$301$42.8$27.1$27.4$0.30
2016Detailed filing. Detailed filing data is available for this year.$336$293$43.1$26.2$23.7$2.50
2015Detailed filing. Detailed filing data is available for this year.$309$269$40.6$24.3$22.4$1.89
2014Detailed filing. Detailed filing data is available for this year.$289$250$38.7$21.9$20.0$1.90
2013Detailed filing. Detailed filing data is available for this year.$273$236$36.8$21.3$19.3$2.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$263$228$34.8$17.9
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$247$214$32.2$17.3
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$234$203$30.4$16.6
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Apr 30, 2024
Signed
Mar 10, 2025
Return Version
2024v5.0
Gross Receipts
$2,475,579
Mission and Program Overview

Mission

Member owned state chartered credit union

Member-owned, state-chartered credit union

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$264,966,028$0▼ $264,966,028
Investments in Publicly Traded Securities$59,579,443$0▼ $59,579,443
Rtn Earn Endowment Incm Other Fnds$58,367,701$0▼ $58,367,701
Savings and Temporary Cash Investments$19,655,323$0▼ $19,655,323
Land, Buildings, and Equipment, Net$9,369,245$0▼ $9,369,245
Cash and Non-Interest-Bearing Accounts$9,000,598$0▼ $9,000,598
Investments Other Securities$3,773,826$0▼ $3,773,826
Accounts Receivable$2,245,010$0▼ $2,245,010
Prepaid Expenses and Deferred Charges$1,904,334$0▼ $1,904,334
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$378,835,061$0▼ $378,835,061
Other Assets Total$8,341,254$0▼ $8,341,254
Liabilities
Other Liabilities$315,638,120$0▼ $315,638,120
Accounts Payable and Accrued Expenses$4,353,648$0▼ $4,353,648
Escrow Account Liability$475,592$0▼ $475,592
Total Liabilities$320,467,360$0▼ $320,467,360
Net Assets / Fund Balance
Total Net Assets Fund Balance$58,367,701$0▼ $58,367,701
Total Liabilities and Net Assets / Fund Balance$378,835,061$0▼ $378,835,061

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,819,691$5,715,681$10,535,372
Other Land Buildings$1,799,210$6,812,082$8,611,292
Land$2,923,146-$2,923,146
Leasehold Improvements$5,718$165,767$171,485
Compensation and Service Providers

Board Members and Trustees

NameTitle
Tommy LeonardChairman
Carlos LettVice Chairman
Chris HudsonDirector
Dorothy ToddDirector
Richard SchenkDirector
Cynthia BowlesSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,433,339
Investment Income
$189,141
Other Revenue
$853,099
Change in Net Assets
$19,323
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,614,713
Salaries, Compensation, and Employee Benefits$841,543
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$607,735
Interest---$166,795
Other Employee Benefits---$80,833
All Other Expenses---$76,859
Information Technology---$75,075
Depreciation Depletion---$66,431
Current Officers, Directors, Trustees, and Key Employees---$64,972
Office Expenses---$53,949
Payroll Taxes---$52,282
Fees for Services Other---$42,037
Pension Plan Contributions---$35,721
Advertising---$35,068
Occupancy---$32,096
Other Expenses---$27,166
Insurance---$20,252
Conferences and Meetings---$9,129
Travel---$7,725
Fees for Services Accounting---$6,500
Fees for Services Legal---$17
Total Functional Expenses$0$0$0$2,456,256
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The credit union is owned by its members.

Form 990, Part VI, Section A, Line 7A

The board of directors are elected to three-year terms by the credit union's membership. The board of directors appoints a nominating committee comprised of board members whose seats are not up for reelection to propose nominees for open seats. There is a provision for nomination by petition by qualified members. If any seat is contested, the election is conducted via a mail-in ballot sent to all members in good standing with the results tabulated by an outside cpa firm.

Form 990, Part VI, Section B, Line 11B

A copy of the 990 is reviewed and approved by the board of directors prior to filing with the irs.

Form 990, Part VI, Section B, Line 12C

Any item that appears to be a conflict of interest is sent to supervisors, management, and human resources to be reviewed. If the item is deemed to be a conflict of interest, the item is not carried forward with.

Form 990, Part VI, Section B, Line 15

The board of directors reviews and approves the president/ceo's compensation. The president/ceo reviews and approves the compensation of all officers and key employees.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Navigator Credit Union
EIN
64-0179401
Phone
2287623542
Address
PO BOX 1647, PASCAGOULA, MS 39568-1647

Signing Officer

Name
Sonya Jarvis
Title
President/CEO
Phone
2287623542
Signed
2025-03-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sonya Jarvis
Formed
1939
Legal Domicile
Ms
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Warren Averett LLC
Address
350 W CEDAR STREET SUITE 400, PENSACOLA, FL 32502
Preparer
Claire C Duren CPA
Phone
8504357400
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Line B

As of january 30, 2024, with full board approval, navigator credit union converted to a federal charter and is no longer required to file the form 990 as of the conversion. Navigator credit union has received permanent identification and all necessary authorizations have been obtained.

Form 990, Part III, Line 3

Navigator credit union converted from a state-chartered credit union to a federal charter as of december 8, 2023 and approved by the board of directors as of january 30, 2024. The credit union's activities have not changed. Navigator credit union filed an amendment of charter with the state of mississippi and the national credit union administration (see attached).

Form 990, Part IV, Checklist of Required Schedules, Line 12A

The credit union is required to have an annual audit. For the year ending 12/31/2024, the audit has not yet been completed. The most recent audit for navigator credit union is for the year-ended 12/31/2023.

FORM 990, PART XI, LINE 9:

Transfer of net assets to federal credit union -58,387,024.

Financial Statement Notes

PART IV, LINE 2B:

The credit union holds escrowed funds for the payment of property taxes and homeowners' insurance as a service to our members who have mortgages with the credit union.

Raw XML AppendixShowing 400 of 472 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0THE 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.
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IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt058367701
IRS990/NetAssetsOrFundBalancesEOYAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt032096
IRS990/OfficeExpensesGrp/TotalAmt053949
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt08341254
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt0-58387024
IRS990/OtherEmployeeBenefitsGrp/TotalAmt080833
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1VISA DEBIT AND CREDIT C
IRS990/OtherExpensesGrp/Desc2SHAREHOLDER'S EXPENSE
IRS990/OtherExpensesGrp/Desc3FRAUD AND FORGERY EXPEN
IRS990/OtherExpensesGrp/TotalAmt0567697
IRS990/OtherExpensesGrp/TotalAmt1384340
IRS990/OtherExpensesGrp/TotalAmt243577
IRS990/OtherExpensesGrp/TotalAmt327166
IRS990/OtherLiabilitiesGrp/BOYAmt0315638120
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherOrganizationDsc0STATE-CHARTERED CREDIT UNION
IRS990/OtherRevenueMiscGrp/BusinessCd0522100
IRS990/OtherRevenueMiscGrp/BusinessCd1522100
IRS990/OtherRevenueMiscGrp/BusinessCd2522100
IRS990/OtherRevenueMiscGrp/Desc0SERVICE FEES AND MISC
IRS990/OtherRevenueMiscGrp/Desc1NSF INCOME
IRS990/OtherRevenueMiscGrp/Desc2FOREIGN ATM FEES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0831013
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt112919
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0831013
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt112919
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt29167
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt09167
IRS990/OtherRevenueTotalAmt0853099
IRS990/OtherSalariesAndWagesGrp/TotalAmt0607735
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0264966028
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt052282
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt035721
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01904334
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0SONYA JARVIS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01433339
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01433339
IRS990/ProgSrvcAccomActy2Grp/Desc0TO 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.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt04312115
IRS990/PYOtherExpensesAmt015923792
IRS990/PYOtherRevenueAmt012312471
IRS990/PYProgramServiceRevenueAmt014458836
IRS990/PYRevenuesLessExpensesAmt05280096
IRS990/PYSalariesCompEmpBnftPaidAmt09879534
IRS990/PYTotalExpensesAmt025803326
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt031083422
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt019323
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt058367701
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt019655323
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt04819691
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05715681
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt010535372
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt02923146
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02923146
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt05718
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0165767
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0171485
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01799210
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt06812082
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt08611292
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION HOLDS ESCROWED FUNDS FOR THE PAYMENT OF PROPERTY TAXES AND HOMEOWNERS' INSURANCE AS A SERVICE TO OUR MEMBERS WHO HAVE MORTGAGES WITH THE CREDIT UNION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09547765
IRS990/ScheduleJRequiredInd00
IRS990ScheduleN/AssetsDistributedInd01
IRS990ScheduleN/AttorneyGeneralNotifiedInd01
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessorInd01
IRS990ScheduleN/EmployeeOfSuccessorInd01
IRS990ScheduleN/LiabilitiesPaidInd00
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0CASH
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc1ACCOUNTS AND LOANS RECEIVABLE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc2PREPAID EXPENSES
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc3LAND AND DEPRECIABLE ASSETS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc4INVESTMENTS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc5OTHER ASSETS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc6ACCOUNTS PAYABLE AND ACCRUED LIABILITIES
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc7OTHER LIABILITIES
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0NAVIGATOR FEDERAL CREDIT UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt1NAVIGATOR FEDERAL CREDIT UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt2NAVIGATOR FEDERAL CREDIT UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt3NAVIGATOR FEDERAL CREDIT UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt4NAVIGATOR FEDERAL CREDIT UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt5NAVIGATOR FEDERAL CREDIT UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt6NAVIGATOR FEDERAL CREDIT UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt7NAVIGATOR FEDERAL CREDIT UNION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02024-01-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt12024-01-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt22024-01-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt32024-01-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt42024-01-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt52024-01-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt62024-01-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt72024-01-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0640179401
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN1640179401
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN2640179401
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN3640179401
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN4640179401
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN5640179401
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN6640179401
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN7640179401
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt038115586
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt1265866113
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt21582220
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt39547765
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt461374445
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt58394216
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt6-4779248
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt7-321714073
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(C)(14)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt1501(C)(14)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt2501(C)(14)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt3501(C)(14)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt4501(C)(14)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt5501(C)(14)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt6501(C)(14)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt7501(C)(14)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0BALANCE SHEET CARRYING VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt1BALANCE SHEET CARRYING VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt2BALANCE SHEET CARRYING VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt3BALANCE SHEET CARRYING VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt4BALANCE SHEET CARRYING VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt5BALANCE SHEET CARRYING VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt6BALANCE SHEET CARRYING VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt7BALANCE SHEET CARRYING VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt0PO BOX 1647
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt1PO BOX 1647
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt2PO BOX 1647
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt3PO BOX 1647
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt4PO BOX 1647
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt5PO BOX 1647
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt6PO BOX 1647
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt7PO BOX 1647
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0PASCAGOULA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm1PASCAGOULA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm2PASCAGOULA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm3PASCAGOULA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm4PASCAGOULA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm5PASCAGOULA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm6PASCAGOULA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm7PASCAGOULA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0MS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd1MS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd2MS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd3MS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd4MS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd5MS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd6MS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd7MS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd0395681647
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd1395681647
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd2395681647
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd3395681647
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd4395681647
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd5395681647
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd6395681647
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd7395681647
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd01
IRS990ScheduleN/RequiredToNotifyAGInd01
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0EXPLANATION OF INVOLVEMENT: THE CREDIT UNION IS CONVERTING FROM A STATE CHARTER TO A FEDERAL CHARTER. NO TRANSFER OF ASSETS ACTUALLY TRANSPIRED. ALL EMPLOYEES AND BOARD MEMBERS WILL REMAIN IN THEIR ROLES AT THE CREDIT UNION. THE CREDIT UNION IS FILING A FINAL FORM 990 FOR THE TAX PERIOD THAT ENDED WITH THE CONVERSION TO A FEDERAL CHARTER.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2E:
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AS OF JANUARY 30, 2024, WITH FULL BOARD APPROVAL, NAVIGATOR CREDIT UNION CONVERTED TO A FEDERAL CHARTER AND IS NO LONGER REQUIRED TO FILE THE FORM 990 AS OF THE CONVERSION. NAVIGATOR CREDIT UNION HAS RECEIVED PERMANENT IDENTIFICATION AND ALL NECESSARY AUTHORIZATIONS HAVE BEEN OBTAINED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NAVIGATOR CREDIT UNION CONVERTED FROM A STATE-CHARTERED CREDIT UNION TO A FEDERAL CHARTER AS OF DECEMBER 8, 2023 AND APPROVED BY THE BOARD OF DIRECTORS AS OF JANUARY 30, 2024. THE CREDIT UNION'S ACTIVITIES HAVE NOT CHANGED. NAVIGATOR CREDIT UNION FILED AN AMENDMENT OF CHARTER WITH THE STATE OF MISSISSIPPI AND THE NATIONAL CREDIT UNION ADMINISTRATION (SEE ATTACHED).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CREDIT UNION IS REQUIRED TO HAVE AN ANNUAL AUDIT. FOR THE YEAR ENDING 12/31/2024, THE AUDIT HAS NOT YET BEEN COMPLETED. THE MOST RECENT AUDIT FOR NAVIGATOR CREDIT UNION IS FOR THE YEAR-ENDED 12/31/2023.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CREDIT UNION IS OWNED BY ITS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS ARE ELECTED TO THREE-YEAR TERMS BY THE CREDIT UNION'S MEMBERSHIP. THE BOARD OF DIRECTORS APPOINTS A NOMINATING COMMITTEE COMPRISED OF BOARD MEMBERS WHOSE SEATS ARE NOT UP FOR REELECTION TO PROPOSE NOMINEES FOR OPEN SEATS. THERE IS A PROVISION FOR NOMINATION BY PETITION BY QUALIFIED MEMBERS. IF ANY SEAT IS CONTESTED, THE ELECTION IS CONDUCTED VIA A MAIL-IN BALLOT SENT TO ALL MEMBERS IN GOOD STANDING WITH THE RESULTS TABULATED BY AN OUTSIDE CPA FIRM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5A COPY OF THE 990 IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ANY ITEM THAT APPEARS TO BE A CONFLICT OF INTEREST IS SENT TO SUPERVISORS, MANAGEMENT, AND HUMAN RESOURCES TO BE REVIEWED. IF THE ITEM IS DEEMED TO BE A CONFLICT OF INTEREST, THE ITEM IS NOT CARRIED FORWARD WITH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE PRESIDENT/CEO'S COMPENSATION. THE PRESIDENT/CEO REVIEWS AND APPROVES THE COMPENSATION OF ALL OFFICERS AND KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9TRANSFER OF NET ASSETS TO FEDERAL CREDIT UNION -58,387,024.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, LINE B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IV, CHECKLIST OF REQUIRED SCHEDULES, LINE 12A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd01
IRS990/SignificantNewProgramSrvcInd00

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