2024-11-15T12:15:36-06:00 2023-12-31 042689883 WOLF & COMPANY PC 255 STATE STREET BOSTON MA 02109 990 2023-01-01 050125860 NAVIGANT CREDIT UNION NAVI 4012334304 1005 DOUGLAS PIKE SMITHFIELD RI 029171206 JASON M JOLIN EVP/CFO 4012334304 2024-11-15 1 1 KAREN S NG P01067482 6174399700 2024-11-15 2023 2024-10-15 13:58:12Z JASON M JOLIN 1005 DOUGLAS PIKE SMITHFIELD RI 029171206 175379463 0 X N/A X 1915 RI THE MISSION OF NAVIGANT CREDIT UNION IS TO IMPROVE THE FINANCIAL WELL-BEING OF ITS MEMBERS. 11 0 493 0 244119 0 0 0 121746533 160900265 7572073 13278196 1224020 1018831 130542626 175197292 1602393 1225898 0 0 40623770 46614726 0 0 0 54654241 106430064 96880404 154270688 33662222 20926604 3423774708 3756984395 3109125386 3407568642 314649322 349415753 X NAVIGANT CREDIT UNION IS MEMBER OWNED AND OPERATED. THE MISSION OF NAVIGANT CREDIT UNION IS TO IMPROVE THE FINANCIAL WELL-BEING 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 66,472 LOANS TOTALING $3,145,432,149 DUE FROM MEMBERS AND $3,247,635,562 IN 249,661 DEPOSIT ACCOUNTS FROM MEMBERS. ALSO $217,525 OF FEES WERE RECEIVED FROM MEMBERS RENTING 3,150 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 1 1 0 1 0 0 1 1 0 0 0 0 1 1 1 1 0 1 68948 0 1 493 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 CATHERINE PARENTE DIRECTOR 1.00 X 18375 0 0 JOSEPH BERETTA DIRECTOR 1.00 X 18525 0 0 ROBERT MURRAY DIRECTOR/VICE CHAIRMAN 1.00 X X 12750 0 0 ROLAND R LACHAPELLE DIRECTOR 1.00 X 23588 0 0 JAMES K SALOME DIRECTOR/CHAIRMAN 1.00 X X 27950 0 0 GARY E FURTADO CEO, EMERITUS/DIRECTOR 40.00 X 469304 0 19865 ANN M KASHMANIAN DIRECTOR/SECRETARY 1.00 X X 18600 0 0 MICHAEL RYAN DIRECTOR 1.00 X 18300 0 0 PAUL BEAUDOIN DIRECTOR 1.00 X 23500 0 0 PETER BAZIOTIS DIRECTOR 1.00 X 18525 0 0 KATHLEEN OROVITZ PRESIDENT/CEO 40.00 X X 687712 0 178706 H CHRIS DER VARTANIAN SVP/CRO 40.00 X 193059 0 11414 LISA G DANDENEAU SR EVP/CASO 40.00 X 974677 0 114450 JONATHAN ROBERTS SVP/CIO 40.00 X 379700 0 77916 DAVID PELLEGRINO VP-COMPLIANCE 40.00 X 252774 0 52131 DAVID DECUBELLIS SVP/CRO 40.00 X 360813 0 76801 JASON M JOLIN EVP/CFO 40.00 X 398250 0 85572 MICHAEL J MATTONE SVP/CRBEO 40.00 X 230575 0 11846 LORI JORDAN SVP DIRECTOR OF PEOPLE & TALENT MANAGEMENT 40.00 X 208366 0 33714 ROSS SILVA AVP BUS DEV/REGIONAL LOAN OFFICER 40.00 X 264727 0 39214 JEFFREY P CASCIONE SVP DIRECTOR OF COMMERCIAL BANKING 40.00 X 299705 0 31397 TIMOTHY DRAPER SVP PR & COMMUNITY ENGAGEMENT 40.00 X 220025 0 33732 FREDDIE C ALMEIDA VP RESIDENTIAL MORTGAGE ORIGINATIONS MANAGER 40.00 X 245533 0 36000 5365333 0 802758 94 0 1 0 FISERV SOLUTIONS INC PO BOX 99924 GRAPEVINE TX 76099 DATA PROCESSING 5000193 NCR CORPORATION FKA INTUIT FINANCIAL SER 14181 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 DATA PROCESSING 2092782 D3 LOGIC INC 89 COMMERCIAL WAY EAST PROVIDENCE RI 02914 DATA PROCESSING - STATEMENT RENDERING 1586130 DECIBEL MEDIA LLC 10 CITY SQUARE 5TH FLOOR BOSTON MA 02129 ADVERTISING SERVICES 1454100 BOWERMAN CONSTRUCTION ONE RICHMOND SQUARE SUITE 220E PROVIDENCE RI 02906 ARCHITECTURAL SERVICES 1129420 64 INTEREST ON LOANS, INCLUDING FEES 522291 141924619 141924619 MISCELLANEOUS FEES 525990 11102326 11102326 MEMBER SERVICE FEE 525990 7164902 6930352 234550 NCU FINANCIAL 524298 708418 698849 9569 160900265 11447358 11447358 2013009 182171 1830838 1830838 1830838 OTHER REVENUE 900099 1018831 1018831 1018831 175197292 161674977 244119 13278196 1195898 30000 4126976 28440242 5411019 6068926 2567563 1806320 3458055 831031 7912123 5276115 135433 438427 66123528 2927956 CORRESPONDENT SERVICES 6842925 PROVISION FOR CREDIT LO 4234116 COMMISSIONS AND LOAN SE 1919352 STATE DEPOSIT TAX 1900000 2624683 154270688 36275677 37418947 120209403 154574406 401170 2011728 2819558602 3128089657 2390774 3082940 66334533 29664869 34957414 36669664 352534745 328991303 57446923 66145750 3423774708 3756984395 14851887 17191737 1913701 1546384 3092359798 3388830521 3109125386 3407568642 X 0 0 0 0 314649322 349415753 314649322 349415753 3423774708 3756984395 X 20926604 10478834 3360993 X X 0 1 X 1 0 0 1 X 9535749 9535749 40004132 17506415 22497717 15899136 12158454 3740682 895516 895516 36669664 DEPOSITS 3245031830 ACCRUED INTEREST PAYABLE 1542329 BORROWINGS 136661639 EQUIPMENT LEASE LIABILITY 4547 RE LEASE LIABILITY 5590176 3388830521 X 174950000 0 174950000 247292 247292 175197292 154023000 -247688 -247688 154270688 0 154270688 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, 2023 AND 2022, 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, 2023 AND 2022. THE CREDIT UNION'S UNRELATED BUSINESS INCOME TAX RETURNS FOR FISCAL YEARS ENDED DECEMBER 31, 2020 TO PRESENT ARE SUBJECT TO REVIEW BY FEDERAL AND STATE TAXING AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS G/L ON DISPOSAL OF FIXED ASSETS FROM EXPENSES -182,171. RECLASS G/L ON LAWSUIT SETTLEMENT FROM EXPENSES 121. RECLASS G/L ON SALES OF OREO FROM EXPENSES 429,492. ROUNDING -150. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS G/L ON DISPOSAL OF FIXED ASSETS TO REVENUE 182,171. RECLASS G/L ON LAWSUIT SETTLEMENT TO REVENUE -121. RECLASS G/L ON SALES OF OREO TO REVENUE -429,492. ROUNDING -246. 0 AMERICAN HEART ASSOCIATION 1 STATE STREET SUITE 200 PROVIDENCE RI 02908 135613797 501(C)(3) 7500 0 CHARITABLE CONTRIBUTIONS GREATER PROVIDENCE YMCA 33 BROAD STREET SUITE 303 PROVIDENCE RI 02903 050258878 501(C)(3) 9500 0 CHARITABLE CONTRIBUTIONS CITY OF PAWTUCKET 137 ROOSEVELT AVENUE PAWTUCKET RI 02860 056000307 501(C)(1) 7250 0 CHARITABLE CONTRIBUTIONS RHODE ISLAND PBS FOUNDATION 50 PARK LN PAWTUCKET RI 02907 222859005 501(C)(3) 7500 0 CHARITABLE CONTRIBUTIONS BRYANT UNIVERSITY 1150 DOUGLAS PIKE SMITHFIELD RI 02917 050258810 501(C)(3) 16000 0 CHARITABLE CONTRIBUTIONS BOYS & GIRLS CLUB OF NORTHERN RI 1 JAMES JMCKEE WAY CUMBERLAND RI 02864 020280121 501(C)(3) 16750 0 CHARITABLE CONTRIBUTIONS BOYS & GIRLS CLUB OF PAWTUCKET 1 MOELLER PLACE PAWTUCKET RI 02860 050258924 501(C)(3) 7500 0 CHARITABLE CONTRIBUTIONS SALVE REGINA UNIVERSITY 100 OCHRE POINT AVENUE NEWPORT RI 02840 050259080 501(C)(3) 10000 0 CHARITABLE CONTRIBUTIONS YMCA OF PAWTUCKET 8 SUMMER STREET PAWTUCKET RI 02860 050259114 501(C)(3) 7500 0 CHARITABLE CONTRIBUTIONS LITTLE SISTERS OF THE POOR 964 MAIN STREET PAWTUCKET RI 02860 050283791 501(C)(3) 10000 0 CHARITABLE CONTRIBUTIONS TEALL PROPERTIES GROUP LLC PO BOX 31384 CHARLOTTE NC 28231 832060347 501(C)(3) 7875 0 CHARITABLE CONTRIBUTIONS THE PROUT SCHOOL 4640 TOWER HILL RD WAKEFIELD RI 02879 050319920 501(C)(3) 5500 0 CHARITABLE CONTRIBUTIONS SPECIAL OLYMPICS RHODE ISLAND 370 GEORGE WASHINGTON HIGHWAY SMITHFIELD RI 02917 050377867 501(C)(3) 10000 0 CHARITABLE CONTRIBUTIONS BLACKSTONE VALLEY TOURISM COUNCIL 175 MAIN STREET PAWTUCKET RI 02860 050424318 501(C)(3) 12500 0 CHARITABLE CONTRIBUTIONS ROSEMARY'S WISH KIDS INC 161 FUREY AVE TIVERTON RI 02878 050518899 501(C)(3) 7500 0 CHARITABLE CONTRIBUTIONS LEADERSHIP RHODE ISLAND 1570 WESTMINSTER STREET PROVIDENCE RI 02909 222570460 501(C)(3) 12500 0 CHARITABLE CONTRIBUTIONS THE SANDRA FEINSTEIN-GAMM THEATRE 1245 JEFFERSON BLVD WARWICK RI 02886 222797284 501(C)(3) 10000 0 CHARITABLE CONTRIBUTIONS BRAIN INJURY ASSOCIATION OF RHODE ISLAND 1017 WATERMAN AVENUE EAST PROVINDENCE RI 02914 225428586 501(C)(3) 7000 0 CHARITABLE CONTRIBUTIONS CHILDREN'S WISHES 2348 POST RD WARWICK RI 02886 264662878 501(C)(3) 9100 0 CHARITABLE CONTRIBUTIONS SENTINEL MEDIA GROUP 2 D TAMARAC DR SMITHFIELD RI 02828 270266169 501(C)(3) 10000 0 CHARITABLE CONTRIBUTIONS PROVIDENCE PERFORMING ARTS CENTER 220 WEYBOSSET STREET PROVIDENCE RI 029033783 050377244 501(C)(3) 67225 0 CHARITABLE CONTRIBUTIONS CENTRAL RHODE ISLAND CHAMBER OF COMMERCE 3288 POST ROAD WARWICK RI 02886 050390085 501(C)(6) 6000 0 CHARITABLE CONTRIBUTIONS RHODE ISLAND MORTGAGE BANKERS ASSOCIATION 40 WESTMINSTER STREET SUITE 1100 PROVIDENCE RI 02903 050425705 501(C)(6) 6000 0 CHARITABLE CONTRIBUTIONS CITY OF CENTRAL FALLS 580 BROAD STREET CENTRAL FALLS RI 02863 056000063 6000 0 CHARITABLE CONTRIBUTIONS EAST GREENWICH CHAMBER OF COMMERCE 580 MAIN ST EAST GREENWICH RI 028183608 050357836 501(C)(6) 5159 0 CHARITABLE CONTRIBUTIONS EFORALL 175 CABOT STREET SUITE 100 LOWELL MA 01854 471858182 501(C)(3) 20000 0 CHARITABLE CONTRIBUTIONS EMERGE CAMPS LLC 330 SILVER SPRING ST PROVIDENCE RI 02904 923511847 10000 0 CHARITABLE CONTRIBUTIONS MEALS ON WHEELS OF RI INC 70 BATH STREET PROVIDENCE RI 02908 050340723 501(C)(3) 6728 0 CHARITABLE CONTRIBUTIONS NARRAGANSETT COUNCIL BSA 223 SCITUATE AVE CRANSTON RI 029211839 050308384 501(C)(3) 12500 0 CHARITABLE CONTRIBUTIONS RHODE ISLAND HISPANIC CHAMBER OF COMMERCE 1955 WESTMINSTER ST PROVIDENCE RI 029092800 812701009 501(C)(3) 15000 0 CHARITABLE CONTRIBUTIONS RHODE ISLAND HOSPITAL FOUNDATION 593 EDDY ST PROVIDENCE RI 02903 050468736 501(C)(3) 7250 0 CHARITABLE CONTRIBUTIONS SAINT RAPHAEL ACADEMY 123 WALCOTT ST PAWTUCKET RI PROVIDENCE RI 028603222 050259066 501(C)(3) 7500 0 CHARITABLE CONTRIBUTIONS STADIUM THEATRE 28 MONUMENT SQ WOONSOCKET RI 028953023 050486986 501(C)(3) 5500 0 CHARITABLE CONTRIBUTIONS THE SALVATION ARMY 855 ASYLUM AVE HARTFORD CT 061052801 135562351 501(C)(3) 5500 0 CHARITABLE CONTRIBUTIONS TRINITY REPERTORY COMPANY 201 WASHINGTON STREET PROVIDENCE RI 02903 222547262 501(C)(3) 20000 0 CHARITABLE CONTRIBUTIONS RHODE ISLAND LATINO DOLLARS FOR SCHOLARS PO BOX 6764 PROVIDENCE RI 02940 464981390 501(C)(3) 5300 0 CHARITABLE CONTRIBUTIONS 30 8 SCHOLARSHIPS 20 30000 0 PART I, LINE 2: THE COMMUNITY ENGAGEMENT TEAM REVIEWS ALL APPLICATIONS AND SCORES EACH, IN 4 CATEGORIES: FINANCIAL NEED, GRADES, EXTRACURRICULAR ACTIVITIES/COMMUNITY INVOLVEMENT, AND AN ESSAY. EACH CATEGORY IS WORTH 25 POINTS. SCORING IS TOTALED AND THEN THE COMMITTEE MEETS WITH THE PRESIDENT/CEO TO REVIEW ALL APPS AND MAKE SELECTIONS. X X 1 1 X X X X 0 1 0 LISA G DANDENEAU SR EVP/CASO 400557 0 112636 0 461484 0 98318 0 16132 0 1089127 0 456484 0 KATHLEEN OROVITZ PRESIDENT/CEO 562712 0 125000 0 0 0 162574 0 16132 0 866418 0 0 0 GARY E FURTADO CEO, EMERITUS/DIRECTOR 42240 0 427064 0 0 0 19865 0 0 0 489169 0 0 0 JASON M JOLIN EVP/CFO 318750 0 79500 0 0 0 67928 0 17644 0 483822 0 0 0 JONATHAN ROBERTS SVP/CIO 305500 0 74200 0 0 0 60002 0 17914 0 457616 0 0 0 DAVID DECUBELLIS SVP/CRO 290000 0 70813 0 0 0 59157 0 17644 0 437614 0 0 0 JEFFREY P CASCIONE SVP DIRECTOR OF COMMERCIAL BANKING 296636 0 0 0 3069 0 16990 0 14407 0 331102 0 0 0 DAVID PELLEGRINO VP-COMPLIANCE 250000 0 0 0 2774 0 50951 0 1180 0 304905 0 0 0 ROSS SILVA AVP BUS DEV/REGIONAL LOAN OFFICER 254727 0 10000 0 0 0 21178 0 18036 0 303941 0 0 0 FREDDIE C ALMEIDA VP RESIDENTIAL MORTGAGE ORIGINATIONS 224533 0 21000 0 0 0 18763 0 17237 0 281533 0 0 0 TIMOTHY DRAPER SVP PR & COMMUNITY ENGAGEMENT 187525 0 32500 0 0 0 17602 0 16130 0 253757 0 0 0 MICHAEL J MATTONE SVP/CRBEO 198846 0 31729 0 0 0 11846 0 0 0 242421 0 0 0 LORI JORDAN SVP DIRECTOR OF PEOPLE & TALENT MANA 178366 0 30000 0 0 0 16669 0 17045 0 242080 0 0 0 H CHRIS DER VARTANIAN SVP/CRO 14231 0 82597 0 96231 0 5874 0 5540 0 204473 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 2023, SIX MEMBERS OF SENIOR MANAGEMENT PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN ADMINISTERED BY ANGELL PENSION GROUP AND RELIANCE TRUST COMPANY. LISA G. DANDENEAU - $73,918 KATHLEEN OROVITZ - $138,973 JONATHAN ROBERTS - $43,087 JASON JOLIN - $43,528 DAVID DECUBELLIS - $42,462 DAVID PELLEGRINO - $30,729 SCHEDULE J, PART II, COLUMN F: ONE EMPLOYEE RECEIVED COMPENSATION IN CURRENT YEAR WHICH REPORTED AS DEFERRED ON PRIOR FORM 990. LISA DANDENEAU - $456,484 CIDALIA C ROCHA EMPLOYEE SPLIT DOLLAR LOAN X 882893 401170 0 1 1 KEN POYTON PGE FEDERAL CREDIT UNION CEO SPLIT DOLLAR LOAN X 1250888 1610558 0 1 1 2011728 JEFFREY P CASCIONE BROTHER OF LAW FIRM PARTNER, RETIRED JUNE 2023 62174 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 2,497,901. NET ASSETS ACQUIRED IN MERGER 4,204,862. CUMULATIVE CHANGE IN ACCOUNTIGN PRINCIPLE -3,341,770. FORM 990, PART XII, LINE 2C: THERE WAS NO CHANGE IN THE OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR 2023. NCU WEALTH MANAGEMENT LLC 1005 DOUGLAS PIKE SMITHFIELD RI 02917 431968891 FINANCIAL SVC RI NCU NAVIGANT CREDIT UNION CHARITABLE FOUNDATION 1005 DOUGLAS PIKE SMITHFIELD RI 02917 815171277 GRANT MAKING RI 501(C)(3) 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 2934 FMV