2019-11-15T15:49:24-06:00 2018-12-31 454084437 WARREN AVERETT LLC 316 SOUTH BAYLEN ST SUITE 300 PENSACOLA FL 32502 990 2018-01-01 640179401 NAVIGATOR CREDIT UNION NAVI 2287623542 PO BOX 1647 PASCAGOULA MS 395681647 WILLIAM MCCOY CFO 2287623542 2019-11-15 1 CLAIRE C DUREN CPA P01577924 8504357400 2019-11-15 209.136.244.2 2019-11-15 13:57:44 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 4E6DC21914383819C2908E49415BCAC36877079F 2018 2020-03-31 21:24:44Z ROBERT FERTITTA PO BOX 1647 PASCAGOULA MS 395681647 27943477 0 X WWW.NAVIGATORCU.ORG X STATE-CHARTERED CREDIT UNION 1939 MS MEMBER-OWNED, STATE-CHARTERED CREDIT UNION 7 7 176 12 0 0 0 0 15805505 15763674 640557 1172738 10606020 11007065 27052082 27943477 0 0 0 0 7419056 7669069 0 0 0 19937010 19771118 27356066 27440187 -303984 503290 344235058 332443355 301454229 289159236 42780829 43284119 X 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 WO LIVE, WORK, WORSHIP OR ATTEND SCHOOL IN JACKSON AND HARRISON COUNTIES, MISSISSIPPI, AND MOBILE AND BALDWIN COUNTIES, ALABAMA. THE TOTAL NUMBER OF MEMBERS IS IN EXCESS OF 45,000. 0 0 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. 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. 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 12652 0 1 176 1 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X THE ORGANIZATION 2287623542 PO BOX 1647 PASCAGOULA MS 395681647 TONY TAYLOR CHAIRMAN 3.00 X X 0 0 0 TOMMY LEONARD VICE CHAIRMAN 3.00 X X 0 0 0 DOROTHY TODD SECRETARY 3.00 X X 0 0 0 ROBERT HARRY DIRECTOR 3.00 X 0 0 0 RICHARD SCHENK DIRECTOR 3.00 X 0 0 0 BOBBY LANEY DIRECTOR 3.00 X 0 0 0 CARLOS LETT DIRECTOR 3.00 X 0 0 0 ROBERT FERTITTA PRESIDENT/CEO 40.00 X 209402 0 40325 WILLIAM MCCOY CHIEF FINANCIAL OFFICER 40.00 X 138987 0 32032 JOSH DUNCAN CHIEF LENDING OFFICER 40.00 X 113866 0 24363 AQUINETTA MIMS CHIEF OPERATIONS OFFICER 40.00 X 106075 0 35737 DONNA HARMON CHIEF INFORMATION OFFICER 40.00 X 109727 0 34238 PARICIA COLEMAN CHIEF ADMINISTRATIVE OFFICER 40.00 X 113779 0 8909 DENNIS SUMRALL CHIEF RISK OFFICER 40.00 X 107014 0 10321 898850 0 185925 7 0 1 0 JACK HENRY & ASSOCIATES PO BOX 609 MONETT MO 65708 COMPUTER SOFTWARE & SUPPORT 560840 DMS MAIL MANAGEMENT PO BOX 84335 BATON ROUGE LA 70884 STATEMENT PRINTING/MAILING 220469 CSPIRE PO BOX 830674 BIRMINGHAM AL 35283 COMMUNICATIONS 185578 AP ACCOUNT SERVICES PO BOX 795027 SAN ANTONIO TX 78279 REPOSSESSION SERVICES 184066 BIT 710 SOUTHWEST 34TH STREET RENTON WA 98057 PRINTING/MAILING OF NOTICES 133861 8 INTEREST ON LOANS 522100 15763674 15763674 15763674 1172738 1172738 SERVICE FEES AND MISC INCOME 522100 10622269 10622269 NSF INCOME 522100 384796 384796 11007065 27943477 26770739 0 1172738 1084775 5217260 245672 682647 438715 23366 113422 203649 428542 692861 1394694 813626 125219 220918 2737772 1015372 233459 PROVISION FOR LOAN LOSS 7386707 VISA DEBIT AND CREDIT C 1390149 ATM EXPENSES 713545 FRAUD AND FORGERY EXPEN 708367 1569450 27440187 4283452 16914937 65697996 42806115 104586 94369 252620970 251366867 424039 433635 22455329 11748055 11542712 10707274 3000000 1000000 1813022 4499693 4748281 4620465 344235058 332443355 1528375 2243611 451339 458213 299474515 286457412 301454229 289159236 X 0 0 0 0 42780829 43284119 42780829 43284119 344235058 332443355 503290 0 X X 0 1 X 1 0 0 1 X 3264727 3264727 11531660 4830002 6701658 166397 164676 1721 7492545 6753377 739168 10707274 MEMBERS' SHARE AND SAVINGS ACCOUNTS 286457412 286457412 X 27943477 0 27943477 0 27943477 27440187 0 27440187 0 27440187 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. PART X, LINE 2: EFFECTIVE JANUARY 1, 2009, THE CREDIT UNION IMPLEMENTED THE NEW ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. SUCH TAX POSITIONS INITIALLY AND SUBSEQUENTLY NEED TO BE MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT WITH THE TAX AUTHORITY ASSUMING FULL KNOWLEDGE OF THE POSITION AND RELEVANT FACTS. AS OF DECEMBER 31, 2018, THE CREDIT UNION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, THE CREDIT UNION HAD NO INTEREST AND PENALTIES RELATED TO INCOME TAXES. WITH FEW EXCEPTIONS, THE CREDIT UNION IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE, AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2015. X 1 1 0 0 0 ROBERT FERTITTA PRESIDENT/CEO 203273 0 0 0 6129 0 15353 0 24972 0 249727 0 0 0 WILLIAM MCCOY CHIEF FINANCIAL OFFICER 138987 0 0 0 0 0 11256 0 20776 0 171019 0 0 0 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. 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 WAS 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.