2021-11-15T15:15:12-06:00 2020-12-31 042689883 WOLF & COMPANY PC 255 STATE STREET BOSTON MA 02109 990 2020-01-01 050125860 NAVIGANT CREDIT UNION NAVI 4012334304 1005 DOUGLAS PIKE SMITHFIELD RI 029171206 JASON M JOLIN EVP/CFO 4012334304 2021-01-15 1 JASON JOLIN 000006587 HARRY A KALAJIAN JR CPA P00464296 6174399700 2021-11-15 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z JASON M JOLIN 1005 DOUGLAS PIKE SMITHFIELD RI 029171206 107766540 0 X N/A X 1915 RI THE MISSION OF NAVIGANT CREDIT UNION IS TO IMPROVE THE FINANCIAL LIVES OF ITS MEMBERS. 11 0 387 0 233383 0 0 0 97931688 99819177 8340646 7906458 615132 -93583 106887466 107632052 2714377 2467325 0 0 30800610 33687234 0 0 0 53090198 54362745 86605185 90517304 20282281 17114748 2345509867 2701497948 2094716106 2428940287 250793761 272557661 X NAVIGANT CREDIT UNION IS MEMBER OWNED AND OPERATED. THE MISSION OF NAVIGANT CREDIT UNION IS TO IMPROVE THE FINANCIAL LIVES 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. 0 0 THE CREDIT UNION IS A COOPERATIVE OWNED AND DIRECTED BY AND DEDICATED TO SERVING ITS MEMBERS. THE CREDIT UNION HAS 42,701 LOANS TOTALING $2,181,581,309 DUE FROM MEMBERS AND $2,320,103,308 IN 221,263 DEPOSIT ACCOUNTS FROM MEMBERS. ALSO $193,939 OF FEES WERE RECEIVED FROM MEMBERS RENTING 6,967 SAFE DEPOSIT BOXES. 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 1 1 0 0 0 0 1 1 1 1 0 1 91422 0 1 387 1 1 1 0 0 0 0 0 0 0 X 11 0 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X JASON M JOLIN 4012334304 1005 DOUGLAS PIKE SMITHFIELD RI 029171206 PAUL BEAUDOIN DIRECTOR 1.00 X 18450 0 0 ROBERT MURRAY DIRECTOR/SECRETARY 1.00 X 23275 0 0 GARY E FURTADO PRESIDENT/TREASURER 40.00 X X 699978 0 243964 MICHAEL RYAN DIRECTOR 1.00 X 18000 0 0 JOSEPH BERETTA DIRECTOR 1.00 X 18375 0 0 CHARLES H DEBLOIS DIRECTOR 1.00 X 40976 0 0 PETER BAZIOTIS DIRECTOR 1.00 X 18075 0 0 ROLAND R LACHAPELLE DIRECTOR 1.00 X 22901 0 0 JAMES K SALOME DIRECTOR/VICE CHAIRMAN 1.00 X 24900 0 0 ANN M KASHMANIAN DIRECTOR/CHAIRMAN 1.00 X 27350 0 0 ALFRED P DEGEN DIRECTOR (RETIRED) 1.00 X 1500 0 0 KAYLA GUARINO DIRECTOR 1.00 X 16500 0 0 LISA G DANDENEAU SR EVP/COO 40.00 X 416525 0 97791 KATHLEEN OROVITZ EVP/CRBO 40.00 X 277673 0 71750 JONATHAN ROBERTS SVP/CIO 40.00 X 269654 0 63819 H CHRIS DER VARTANIAN SVP/CRO 40.00 X 219341 0 48615 BRIAN A AZAR EVP/CLO 40.00 X 346241 0 34555 JASON M JOLIN EVP/CFO 40.00 X 302466 0 73632 FREDDIE C ALMEIDA AVP - MORTGAGE LOAN OFFICE 40.00 X 279124 0 35331 DAVID DECUBELLIS VP - RESIDENTIAL MORTGAGE 40.00 X 210604 0 52998 ROSS SILVA AVP-BUS. DEV/REGIONAL LOAN 40.00 X 277890 0 39413 JEFFREY P CASCIONE VP-COMMERCIAL LENDING 40.00 X 244336 0 57676 LEONARDA CONTI AVP - MORTGAGE LOAN OFFICE 40.00 X 262185 0 22973 4036319 0 842517 31 0 1 0 FISERV SOLUTIONS INC PO BOX 99924 GRAPEVINE TX 76099 DATA PROCESSING 4517692 NCR CORPORATION FKA INTUIT FINANCIAL SER 14181 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 DATA PROCESSING 2404563 D3 LOGIC INC 89 COMMERCIAL WAY EAST PROVIDENCE RI 02914 DATA PROCESSING - STATEMENT RENDERING 890311 DECIBEL MEDIA LLC 10 CITY SQUARE 5TH FLOOR BOSTON MA 02129 ADVERTISING SERVICES 870182 BOWERMAN & ASSOCIATES ONE RICHMOND SQUARE SUITE 220E PROVIDENCE RI 02906 ARCHITECTURAL 706204 56 INTEREST ON LOANS, INCLUDING FEES 522291 88137736 88137736 MISCELLANEOUS FEES 525990 6785857 6785857 MEMBER SERVICE FEE 525990 4366582 4142005 224577 NCU FINANCIAL 524298 529002 520196 8806 99819177 4862281 4862281 10800 0 10800 10800 10800 3178665 134488 0 -134488 3178665 3044177 3044177 OTHER REVENUE 900099 364134 364134 LOSS ON LAWSUIT SETTLEMENT 900099 -468517 -468517 -104383 107632052 99492211 233383 7906458 2467325 2762179 21595841 2581176 5098201 1649837 1172942 2759066 842670 5853852 3513419 22790 312837 24407465 2590552 CORRESPONDENT SERVICES 4714181 PROVISION FOR LOAN LOSS 3318384 COMMISSIONS AND LOAN SE 1859234 STATE DEPOSIT TAX 1361775 1633578 90517304 18646686 21539524 66197199 169280983 441287 401170 2001158682 2169949391 1929658 1894665 55616178 23237666 32458663 32378512 185604994 261686568 39072698 44367135 2345509867 2701497948 23761951 27166989 1550492 972143 2069403663 2400801155 2094716106 2428940287 X 0 0 0 0 250793761 272557661 250793761 272557661 2345509867 2701497948 X 17114748 4675035 -25883 X X 0 1 X 1 0 0 1 X 9245665 9245665 34174427 14276008 19898419 11862200 8961658 2900542 333886 333886 32378512 DEPOSITS 2319058209 ACCRUED INTEREST PAYABLE 1962661 BORROWINGS 79780285 2400801155 X 108225000 592948 592948 107632052 0 107632052 91110000 592696 592696 90517304 0 90517304 PART IV, LINE 2B: AS PART OF THE MORTGAGE AGREEMENT, AN ESCROW ACCOUNT IS MAINTAINED FOR EACH MORTGAGE WHERE ESCROW OF REAL ESTATE TAXES & HOME OWNERS INSURANCE IS REQUIRED. THE CREDIT UNION COMPLIES WITH ALL FEDERAL & STATE LAWS REGARDING DISCLOSURES AND OPERATION OF THESE ACCOUNTS. PART X, LINE 2: THE CREDIT UNION IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(14) OF THE INTERNAL REVENUE CODE (THE "CODE") AND IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE. HOWEVER, STATE-CHARTERED CREDIT UNIONS ARE SUBJECT TO FEDERAL AND STATE TAXES ON UNRELATED BUSINESS INCOME. FOR THE YEARS ENDED DECEMBER 31, 2020 AND 2019, THE CREDIT UNION DID NOT HAVE ANY INCOME TAX EXPENSE FOR UNRELATED BUSINESS INCOME. TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN, INCLUDING THE POSITION THAT THE CREDIT UNION QUALIFIES AS A TAX EXEMPT ENTITY, ARE REQUIRED TO BE EVALUATED TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE-LIKELY-THAN-NOT" TO BE UPHELD UNDER REGULATORY REVIEW. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD WOULD BE ACCRUED AND DISCLOSED IN THE FINANCIAL STATEMENTS. THERE ARE NO UNCERTAIN TAX POSITIONS THAT REQUIRE ACCRUAL OR DISCLOSURE AT DECEMBER 31, 2020 AND 2019. THE CREDIT UNION'S UNRELATED BUSINESS INCOME TAX RETURNS FOR FISCAL YEARS ENDED DECEMBER 31, 2017 TO PRESENT ARE SUBJECT TO REVIEW BY FEDERAL AND STATE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: ROUNDING -414. RECLASS G/L ON DISPOSAL OF FIXED ASSETS FROM EXPENSES 124,845. RECLASS G/L ON LAWSUIT SETTLEMENT FROM EXPENSES 468,517. PART XII, LINE 2D - OTHER ADJUSTMENTS: ROUNDING -666. RECLASS G/L ON DISPOSAL OF FIXED ASSETS TO REVENUE 124,845. RECLASS G/L ON LAWSUIT SETTLEMENT TO REVENUE 468,517. 0 AMERICAN HEART ASSOCIATION 7272 GREENVILLE AVENUE DALLAS TX 75231 135613797 501(C)(3) 5000 CHARITABLE CONTRIBUTIONS BISHOP FEEHAN HIGH SCHOOL 70 HOLCOTT DR ATTLEBORO MA 02703 042131417 501(C)(3) 5000 CHARITABLE CONTRIBUTIONS BLACKSTONE RIVER THEATRE 549 BROAD ST CUMBERLAND RI 02864 050493733 501(C)(3) 5000 CHARITABLE CONTRIBUTIONS BLACKSTONE VALLEY HEALTH STATION 39 EAST AVENUE PAWTUCKET RI 02860 510183476 501(C)(3) 25000 CHARITABLE CONTRIBUTIONS BLACKSTONE VALLEY TOURISM COUNCIL POLAR EXPRESS 175 MAIN STREET PAWTUCKET RI 02860 050424318 501(C)(3) 16000 CHARITABLE CONTRIBUTIONS BLITHEWOLD MUSEUM GARDEN & ABORETUM 101 FERRY ROAD BRISTOL RI 02809 050503407 501(C)(3) 5000 CHARITABLE CONTRIBUTIONS BOYS & GIRLS CLUB OF PAWTUCKET 1 MOELLER PLACE PAWTUCKET RI 02860 050258924 501(C)(3) 7500 CHARITABLE CONTRIBUTIONS BRAIN INJURY ASSOCIATION OF RI 1017 WATERMAN AVE EAST PROVIDENCE RI 02914 222528586 501(C)(3) 5000 CHARITABLE CONTRIBUTIONS BRISTOL 4TH OF JULY PARADE PO BOX 561 BRISTOL RI 02809 5000 CHARITABLE CONTRIBUTIONS BRYANT ATHLETICS 1150 DOUGLAS PIKE SMITHFIELD RI 02917 050258810 501(C)(3) 10000 CHARITABLE CONTRIBUTIONS BRYANT UNIVERSITY WOMEN'S SUMMIT 1150 DOUGLAS PIKE BOX 40 SMITHFIELD RI 02917 050258810 501(C)(3) 6000 CHARITABLE CONTRIBUTIONS CHILDREN'S WISHES 2348 POST RD WARWICK RI 02886 264662878 501(C)(3) 7500 CHARITABLE CONTRIBUTIONS CITY OF CENTRAL FALLS 580 BROAD STREET CENTRAL FALLS RI 02863 60000 CHARITABLE CONTRIBUTIONS CITY OF PAWTUCKET RESTAURANT WEEK SPONSORSHIP 137 ROOSEVELT AVENUE PAWTUCKET RI 02860 501(C)(6) 6000 CHARITABLE CONTRIBUTIONS COLLEGE LEADERSHIP RI PROGRAM 1570 WESTMINSTER STREET FLOOR 1 PROVIDENCE RI 02909 222570460 501(C)(3) 7500 CHARITABLE CONTRIBUTIONS CONNECTING FOR CHILDREN AND FAMILIES 46 HOPE STREET WOONSOCKET RI 02895 050475365 501(C)(3) 5000 CHARITABLE CONTRIBUTIONS COOPERATIVE CREDIT UNION ASSOCIATION 845 DONALD LYNCH BLVD MARLBOROUGH MA 01752 6000 CHARITABLE CONTRIBUTIONS CUMBERLAND LAND TRUST MERCYWOODS PO BOX 8011 CUMBERLAND RI 02864 223020024 501(C)(3) 5000 CHARITABLE CONTRIBUTIONS CUMBERLAND LINCOLN B&GC BUS GRANT PO BOX 7505 CUMBERLAND RI 02864 050280121 501(C)(3) 8500 CHARITABLE CONTRIBUTIONS DAY ONE ANNUAL EVENT 525 MAIN STREET SOUTH PORTLAND ME 04106 050385696 501(C)(3) 5000 CHARITABLE CONTRIBUTIONS FATHER JOHN V DOYLE 341 S MAIN STREET COVENTRY RI 02816 050278999 501(C)(3) 5000 CHARITABLE CONTRIBUTIONS FIERCE FOR SHANNON FOUNDATION PO BOX 305 HARRISVILLE RI 02830 471523024 501(C)(3) 5000 CHARITABLE CONTRIBUTIONS FIRST WORKS-FIRST WORKS ART LEARNING 275 WESTMINSTER ST 501 PROVIDENCE RI 02903 222597014 501(C)(3) 5000 CHARITABLE CONTRIBUTIONS GAMM THEATRE 1245 JEFFERSON BLVD WARWICK RI 02886 222797284 501(C)(3) 5000 CHARITABLE CONTRIBUTIONS GLORIA GEMMA BREAST CANCER RESOURCE FOUNDATION 249 ROOSEVELT AVE STE 201 PAWTUCKET RI 02860 134283582 501(C)(3) 5000 CHARITABLE CONTRIBUTIONS GREATER WOONSOCKET CATHOLIC REGIONAL SCHOOL SYSTEM 77 FEDERAL STREET WOONSOCKET RI 02895 050348789 501(C)(3) 10000 CHARITABLE CONTRIBUTIONS HASBRO CHILDRENS HOSPITAL PO BOX 200 PAWTUCKET RI 02862 222538470 501(C)(3) 5000 CHARITABLE CONTRIBUTIONS HEARTHSIDE 757 GREAT ROAD LINCOLN RI 02865 050520888 501(C)(3) 5000 CHARITABLE CONTRIBUTIONS LEARFIELD SPORTS MARKETING 2400 DALLAS PKWY 500 PLANO TX 75093 811850006 501(C)(3) 125000 CHARITABLE CONTRIBUTIONS LITTLE SISTERS OF THE POOR 964 MAIN STREET PAWTUCKET RI 02860 050283791 501(C)(3) 7500 CHARITABLE CONTRIBUTIONS MERCYMOUNT COUNTRY DAY SCHOOL 35 WRENTHAM ROAD CUMBERLAND RI 02864 050298738 501(C)(3) 10000 CHARITABLE CONTRIBUTIONS MUSEUM OF WORK AND CULTURE 42 SOUTH MAIN STREET WOONSOCKET RI 02895 510651337 501(C)(3) 5000 CHARITABLE CONTRIBUTIONS NARRAGANSETT COUNCIL BSA 10 RISHO AVE EAST PROVIDENCE RI 02914 050308384 501(C)(3) 7000 CHARITABLE CONTRIBUTIONS NOWELL LEADERSHIP ACADEMY 133 DELAINE ST PROVIDENCE RI 02909 462385806 501(C)(3) 7500 CHARITABLE CONTRIBUTIONS NRI CHAMBER 6 BLACKSTONE VALLEY PLACE NO 402 LINCOLN RI 02865 050456611 501(C)(3) 5000 CHARITABLE CONTRIBUTIONS PACE ORGANIZATION OF RI 225 CHAPMAN STREET PROVIDENCE RI 02905 300297335 501(C)(3) 5000 CHARITABLE CONTRIBUTIONS PACE WOONSOCKET 781 SOCIAL STREET WOONSOCKET RI 02895 300297335 501(C)(3) 5000 CHARITABLE CONTRIBUTIONS PAWSOX 1 COLUMBUS AVENUE PAWTUCKET RI 02860 050370993 501(C)(3) 19960 CHARITABLE CONTRIBUTIONS PAWTUCKET YMCA 20 SUMMER STREET PAWTUCKET RI 02860 050259114 501(C)(3) 5000 CHARITABLE CONTRIBUTIONS PROJECT GOAL INC 79 SAVOY ST EAST PROVIDENCE RI 02906 134221810 501(C)(3) 5000 CHARITABLE CONTRIBUTIONS PROUT SCHOOL CAP CAMPAIGN 4640 TOWER HILL RD WAKEFIELD RI 02879 050319920 501(C)(3) 5000 CHARITABLE CONTRIBUTIONS RI BUILDERS ASSOCIATION 405 VETERANS MEMORIAL PARKWAY EAST PROVIDENCE RI 02914 050254618 501(C)(3) 7964 CHARITABLE CONTRIBUTIONS RI FOUNDATION COVID RELIEF ONE UNION STATION PROVIDENCE RI 02903 208853659 501(C)(3) 25000 CHARITABLE CONTRIBUTIONS RI PBS BIZ KIDS 50 PARK LANE PROVIDENCE RI 02907 222859005 501(C)(3) 6000 CHARITABLE CONTRIBUTIONS RI SCPA 186 AMARAL STREET RIVERSIDE RI 02915 050262716 501(C)(3) 10000 CHARITABLE CONTRIBUTIONS ROCK-N-JOCK CHARITIES P O BOX 17324 SMITHFIELD RI 02917 753030684 501(C)(3) 5000 CHARITABLE CONTRIBUTIONS ROGER WILLIAMS PARK (RI FOUNDATION) ONE UNION STATION PROVIDENCE RI 02903 208853659 501(C)(3) 5000 CHARITABLE CONTRIBUTIONS ROSEMARY'S WISH KIDS -PROJECT PLAYHOUSE 161 FUREY AVE TIVERTON RI 02878 050518899 501(C)(3) 5000 CHARITABLE CONTRIBUTIONS SALVE REGINA UNIVERSITY - GOVERNOR'S BALL 100 OCHRE POINT AVE NEWPORT RI 02840 050259080 501(C)(3) 5000 CHARITABLE CONTRIBUTIONS SATURDAY MORNING SMALL BUSINESS SHOW WPRO 1502 WAMPANOAG TRAIL EAST PROVIDENCE RI 02914 10000 CHARITABLE CONTRIBUTIONS SAVE THE BAY 100 SAVE THE BAY DRIVE PROVIDENCE RI 02905 050343046 501(C)(3) 8500 CHARITABLE CONTRIBUTIONS SCITUATE LIONS CLUB 102 PUTNAM PIKE HARMONY RI 02829 271332540 501(C)(3) 5000 CHARITABLE CONTRIBUTIONS SERVICE MATTERS WPRV 1502 WAMPANOAG TRAIL EAST PROVIDENCE RI 02914 5000 CHARITABLE CONTRIBUTIONS SPECIAL OLYMPICS 370 GEORGE WASHINGTON HIGHWAY SMITHFIELD RI 02917 050377867 501(C)(3) 10000 CHARITABLE CONTRIBUTIONS ST MARY'S HOME FOR CHILDREN - CHILDREN'S FRIENDSHIP AWARD 420 FRUIT HILL AVENUE NORTH PROVIDENCE RI 02911 050213340 501(C)(3) 8000 CHARITABLE CONTRIBUTIONS STADIUM THEATRE ANNEX BUILDING 28 MONUMENT SQUARE WOONSOCKET RI 02895 050486986 501(C)(3) 5000 CHARITABLE CONTRIBUTIONS THE LEARNING COMMUNITY 21 LINCOLN AVENUE CENTRAL FALLS RI 02863 223510465 501(C)(3) 10000 CHARITABLE CONTRIBUTIONS TRINITY EPISCOPAL CHURCH 249 DANIELSON PIKE NORTH SCITUATE RI 02857 050370397 501(C)(3) 10000 CHARITABLE CONTRIBUTIONS TRINITY REPERTORY COMPANY 201 WASHINGTON STREET PROVIDENCE RI 02903 222547262 501(C)(3) 25000 CHARITABLE CONTRIBUTIONS YMCA OF GREATER PROVIDENCE 165 BROAD ROCK RD SOUTH KINGSTOWN RI 02879 050258878 501(C)(3) 5000 CHARITABLE CONTRIBUTIONS 54 6 X X 1 1 X X X X 0 1 0 GARY E FURTADO PRESIDENT/TREASURER 549693 0 140080 0 10205 0 237259 0 6705 0 943942 0 0 0 LISA G DANDENEAU SR EVP/COO 334812 0 75450 0 6263 0 80800 0 16991 0 514316 0 0 0 BRIAN A AZAR EVP/CLO 288991 0 57250 0 0 0 18665 0 15890 0 380796 0 0 0 JASON M JOLIN EVP/CFO 253366 0 49100 0 0 0 56175 0 17457 0 376098 0 0 0 KATHLEEN OROVITZ EVP/CRBO 230673 0 47000 0 0 0 54665 0 17085 0 349423 0 0 0 JONATHAN ROBERTS SVP/CIO 227404 0 42250 0 0 0 46064 0 17755 0 333473 0 0 0 ROSS SILVA AVP-BUS. DEV/REGIONAL LOAN 265890 0 12000 0 0 0 22231 0 17182 0 317303 0 0 0 FREDDIE C ALMEIDA AVP - MORTGAGE LOAN OFFICE 268624 0 10500 0 0 0 18235 0 17096 0 314455 0 0 0 JEFFREY P CASCIONE VP-COMMERCIAL LENDING 198774 0 42120 0 3442 0 42748 0 14928 0 302012 0 0 0 LEONARDA CONTI AVP - MORTGAGE LOAN OFFICE 251685 0 10500 0 0 0 15042 0 7931 0 285158 0 0 0 H CHRIS DER VARTANIAN SVP/CRO 183241 0 36100 0 0 0 42195 0 6420 0 267956 0 0 0 DAVID DECUBELLIS VP - RESIDENTIAL MORTGAGE 163484 0 47120 0 0 0 35959 0 17039 0 263602 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS THE CREDIT UNION DOES PERMIT SPOUSES TO TRAVEL WITH MEMBERS OF SENIOR MANAGEMENT FOR CERTAIN TRIPS. NO REIMBURSEMENT IS REQUIRED BY THE EMPLOYEE. HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES - THE CREDIT UNION DOES MAINTAIN MEMBERSHIPS FOR THE CREDIT UNION'S OFFICERS AT LOCAL COUNTRY CLUBS. PART I, LINE 4B DURING 2020, SIX MEMBERS OF SENIOR MANAGEMENT PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN ADMINISTERED BY ANGELL PENSION GROUP AND RELIANCE TRUST COMPANY. LISA G. DANDENEAU - $58,000 KATHY OROVITZ - $32,500 JONATHAN ROBERTS - $30,000 H CHRIS DER VARTANIAN - $25,515 GARY FURTADO - $214,459 JASON JOLIN - $33,375 CIDALIA C ROCHA SPLIT DOLLAR LOAN X 401170 0 1 1 401170 JEFFREY P CASCIONE BROTHER OF LAW FIRM PARTNER 116099 LEGAL SERVICES 0 LOANS TO/FROM INTERESTED PERSONS THE CREDIT UNION GRANTS LOANS TO INTERESTED PERSONS (OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES AND THE FIVE HIGHEST COMPENSATED EMPLOYEES) ON THE SAME TERMS AND CONDITIONS AS OFFERED TO OTHER MEMBERS OF THE CREDIT UNION. ACCORDINGLY, THESE TRANSACTIONS ARE NOT REPORTABLE. BUSINESS RELATIONSHIP FORM 990, PART VI, SECTION A, LINE 6 NAVIGANT CREDIT UNION IS OWNED BY ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERSHIP VOTE FOR THE GOVERNING BODY AND APPROVE ALL MAJOR ACTIONS OF THE GOVERNING BODY AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERSHIP VOTE FOR THE GOVERNING BODY AND APPROVE ALL MAJOR ACTIONS OF THE GOVERNING BODY AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 AND FORM 990-T ARE PREPARED BY THE CREDIT UNION'S EXTERNAL AUDIT FIRM, WOLF & COMPANY. THE FORMS ARE COMPLETED BASED UPON FINANCIAL DATA SUBJECT TO AUDIT BY WOLF & COMPANY AS WELL AS DETAIL INFORMATION PROVIDED BY THE CREDIT UNION. DETAILED REVIEWS OF FORM 990 AND 990-T ARE COMPLETED BY THE CREDIT UNION'S CFO TO ENSURE THAT ALL INFORMATION PROVIDED IS ACCURATE AND THAT THE FINANCIAL INFORMATION AGREES TO THE AUDITED FINANCIAL STATEMENTS. A REPORT OF THE RESULTS OF THE ANNUAL FINANCIAL AUDIT CONDUCTED BY WOLF & COMPANY IS MADE BY THE SUPERVISORY COMMITTEE TO THE BOARD OF DIRECTORS. THE REPORT INCLUDES THE STATEMENT THAT THE FORMS 990 AND 990-T HAVE BEEN REVIEWED IN DETAIL BY THE CFO AND CEO OF THE CREDIT UNION PRIOR TO BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C THE CREDIT UNION'S CORPORATE GOVERNANCE COMMITTEE MEETS PERIODICALLY DURING THE YEAR. THE MAIN FOCUS OF THE COMMITTEE IS THE CONDUCT OF BOARD AND COMMITTEE MEETINGS. TO THAT EXTENT, ANNUAL SELF ASSESSMENTS ARE PROVIDED FOR EACH MAJOR COMMITTEE AND THE BOARD OF DIRECTORS. COMMENTS SUGGESTING IMPROVEMENTS OR OTHER ISSUES RELATING TO THE OPERATION OF COMMITTEES ARE REVIEWED. STATEMENTS OF CHANGES THE COMMITTEE PLANS, IF ANY, TO ADDRESS OR REMEDIATE THE COMMENTS MADE ARE SOUGHT FROM THE RESPECTIVE COMMITTEES. FINDINGS OF THE COMMITTEE AND BOARD SELF ASSESSMENTS AND RESULTING CORRECTIVE ACTION TAKEN, IF NEEDED, ARE REPORTED ANNUALLY TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE CREDIT UNION HAS A COMPENSATION COMMITTEE MADE UP OF MEMBERS OF THE CREDIT UNION'S BOARD OF DIRECTORS. ANNUALLY, THE COMMITTEE MEETS TO REVIEW SALARY INFORMATION PROVIDED BY A NUMBER OF CREDIT UNION AND BANKING SOURCES. IN ADDITION, THE COMMITTEE CONDUCTS THE ANNUAL EVALUATION OF THE CEO. THE CEO'S EVALUATION IS DISCUSSED AMONGST BOARD MEMBERS IN EXECUTIVE SESSION. THE CEO CONDUCTS ANNUAL REVIEWS OF THE SENIOR MANAGEMENT STAFF. RESULTS OF THE PERFORMANCE EVALUATIONS ARE REPORTED TO THE COMPENSATION COMMITTEE. NO ACTION IS TAKEN BY THE COMPENSATION COMMITTEE RELATIVE TO THE SENIOR MANAGEMENT STAFF. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION'S BYLAWS ARE AVAILABLE UPON REQUEST OF ANY MEMBER OF THE CREDIT UNION. A COPY OF OUR BYLAWS IS ALSO MAINTAINED BY THE RI DEPARTMENT OF BUSINESS REGULATION AND WOULD BE AVAILABLE FOR INSPECTION FROM THE BANKING DIVISION IF REQUESTED. QUARTERLY, A STATEMENT OF CONDITION, CERTIFIED BY THE CREDIT UNION'S CFO AND SUPERVISORY COMMITTEE, IS MADE AVAILABLE WITHIN 45 DAYS FOLLOWING QUARTER END AS REQUIRED BY RI GENERAL LAW. THE STATEMENT OF CONDITION IS POSTED IN A CONSPICUOUS PLACE WITHIN EACH CREDIT UNION BRANCH AND THE CORPORATE OFFICE. WE CURRENTLY DO NOT MAKE OUR CODE OF BUSINESS CONDUCT AND ETHICS AVAILABLE TO MEMBERS. ALL OFFICERS AND DIRECTORS ARE PROVIDED A COPY AND REQUIRED TO ACKNOWLEDGE RECEIPT OF A COPY OF THE POLICY AND A REVIEW OF ITS PROVISIONS ANNUALLY. FORM 990, PART XI, LINE 9: FAS 158 PENSION LIABILITIES & POST RETIREMENT HEALTH BENEFITS -369,236. NET ASSETS ACQUIRED IN MERGER 343,353. 2C THERE WAS NO CHANGE IN THE OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR 2020. NCU WEALTH MANAGEMENT LLC 1005 DOUGLAS PIKE SMITHFIELD RI 02917 431968891 FINANCIAL SVC RI 0 0 NCU NAVIGANT CREDIT UNION CHARITABLE FOUNDATION 1005 DOUGLAS PIKE SMITHFIELD RI 02917 815171277 GRANT MAKING RI 501(C)(3) LINE 7 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NAVIGANT CREDIT UNION CHARITABLE FOUNDATION B 1500000 FMV