2023-11-14T08:21:34-06:00 2022-12-31 042689883 WOLF & COMPANY PC 255 STATE STREET BOSTON MA 02109 990 2022-01-01 050125860 NAVIGANT CREDIT UNION NAVI 4012334304 1005 DOUGLAS PIKE SMITHFIELD RI 029171206 JASON M JOLIN EVP/CFO 4012334304 2023-11-14 1 JASON JOLIN 000006587 1 HARRY A KALAJIAN JR CPA P00464296 6174399700 2023-11-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JASON M JOLIN 1005 DOUGLAS PIKE SMITHFIELD RI 029171206 130589928 0 X N/A X 1915 RI THE MISSION OF NAVIGANT CREDIT UNION IS TO IMPROVE THE FINANCIAL WELL-BEING OF ITS MEMBERS. 11 0 443 0 240317 0 0 0 107727747 121746533 5731894 7572073 3508509 1224020 116968150 130542626 3456401 1602393 0 0 35739960 40623770 0 0 0 45764794 54654241 84961155 96880404 32006995 33662222 3081655511 3423774708 2780376953 3109125386 301278558 314649322 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 57,321 LOANS TOTALING $2,832,151,238 DUE FROM MEMBERS AND $3,002,808,793 IN 258,443 DEPOSIT ACCOUNTS FROM MEMBERS. ALSO $206,967 OF FEES WERE RECEIVED FROM MEMBERS RENTING 7,420 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 112632 0 1 443 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 (AS OF 05/22) 1.00 X 12000 0 0 JOSEPH BERETTA DIRECTOR/CHAIRMAN 1.00 X X 18375 0 0 ROBERT MURRAY DIRECTOR 1.00 X 23875 0 0 KAYLA GUARINO DIRECTOR (ENDED 02/22) 1.00 X 3150 0 0 ROLAND R LACHAPELLE DIRECTOR/VICE CHAIRMAN 1.00 X X 43012 0 0 JAMES K SALOME DIRECTOR 1.00 X 25725 0 0 GARY E FURTADO PRESIDENT/TREASURER 40.00 X X 1265793 0 46325 CHARLES H DEBLOIS DIRECTOR 1.00 X 38587 0 0 ANN M KASHMANIAN DIRECTOR/SECRETARY 1.00 X X 28100 0 0 MICHAEL RYAN DIRECTOR 1.00 X 18375 0 0 PAUL BEAUDOIN DIRECTOR 1.00 X 19275 0 0 PETER BAZIOTIS DIRECTOR 1.00 X 18375 0 0 KATHLEEN OROVITZ PRESIDENT/CEO (AS OF 10/31/2022) 40.00 X 707980 0 77401 H CHRIS DER VARTANIAN SVP/CRO 40.00 X 362302 0 24501 LISA G DANDENEAU SR EVP/COO 40.00 X 492271 0 107830 JONATHAN ROBERTS SVP/CIO 40.00 X 337190 0 79999 DAVID PELLEGRINO VP-COMPLIANCE 40.00 X 247741 0 49433 DAVID DECUBELLIS SVP/CRO 40.00 X 333440 0 71137 JASON M JOLIN EVP/CFO 40.00 X 366970 0 83804 LEONARDA CONTI AVP - MORTGAGE LOAN OFFICE 40.00 X 216565 0 21478 ROSS SILVA AVP-BUS. DEV/REGIONAL LOAN 40.00 X 315820 0 42440 JEFFREY P CASCIONE VP-COMMERCIAL LENDING 40.00 X 297294 0 66770 TIMOTHY SVP - PR & COMMUNITY ENGAGEMENT 40.00 X 191460 0 53876 FREDDIE C ALMEIDA AVP - MORTGAGE LOAN OFFICE 40.00 X 272893 0 36443 5656568 0 761437 67 0 1 0 FISERV SOLUTIONS INC PO BOX 99924 GRAPEVINE TX 76099 DATA PROCESSING 4807886 NCR CORPORATION FKA INTUIT FINANCIAL SER 14181 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 DATA PROCESSING 1552678 D3 LOGIC INC 89 COMMERCIAL WAY EAST PROVIDENCE RI 02914 DATA PROCESSING - STATEMENT RENDERING 1209007 DECIBEL MEDIA LLC 10 CITY SQUARE 5TH FLOOR BOSTON MA 02129 ADVERTISING SERVICES 860006 FRIENDS AND FAMILY JANITORIAL SERVICE LL 35 NORTH BEND STREET APT 1 LEFT REA PAWTUCKET RI 02860 JANITORIAL SERVICES 841289 53 INTEREST ON LOANS, INCLUDING FEES 522291 104811398 104811398 MISCELLANEOUS FEES 525990 10047551 10047551 MEMBER SERVICE FEE 525990 6432508 6193269 239239 NCU FINANCIAL 524298 455076 453998 1078 121746533 7108045 7108045 1800 0 1800 1800 1800 511330 47302 0 -47302 511330 464028 464028 OTHER REVENUE 900099 1222220 1222220 1222220 130542626 122730236 240317 7572073 1570893 31500 4362536 24524674 3298826 6063533 2374201 1743597 3314720 788643 6448229 4422715 110004 293397 20365255 2637978 CORRESPONDENT SERVICES 6205074 PROVISION FOR LOAN LOSS 2659523 COMMISSIONS AND LOAN SE 1972003 STATE DEPOSIT TAX 1771726 1921377 96880404 23064560 36275677 130268408 120209403 401170 401170 2461460082 2819558602 1993213 2390774 61969587 27012173 34440137 34957414 382157805 352534745 47870136 57446923 3081655511 3423774708 22310890 14851887 1488958 1913701 2756577105 3092359798 2780376953 3109125386 X 0 0 0 0 301278558 314649322 301278558 314649322 3081655511 3423774708 X 33662222 -25334892 5043434 X X 0 1 X 1 0 0 1 X 9268049 9268049 37407902 16164297 21243605 14635477 10847876 3787601 658159 658159 34957414 DEPOSITS 3000744724 ACCRUED INTEREST PAYABLE 2013106 BORROWINGS 83185711 EQUIPMENT LEASE LIABILITY 7174 RE LEASE LIABILITY 6409083 3092359798 X 130522000 0 130522000 20626 20626 130542626 96860000 0 96860000 20404 20404 96880404 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, 2022 AND 2021, 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, 2022 AND 2021. THE CREDIT UNION'S UNRELATED BUSINESS INCOME TAX RETURNS FOR FISCAL YEARS ENDED DECEMBER 31, 2019 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 16,928. RECLASS G/L ON LAWSUIT SETTLEMENT FROM EXPENSES 3,483. ROUNDING 215. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS G/L ON DISPOSAL OF FIXED ASSETS TO REVENUE 16,928. RECLASS G/L ON LAWSUIT SETTLEMENT TO REVENUE 3,483. ROUNDING -7. 0 AMERICAN HEART ASSOCIATION 1 STATE STREET SUITE 200 PROVIDENCE RI 02908 135613797 501(C)(3) 7500 0 CHARITABLE CONTRIBUTIONS KENT HOSPITAL FOUNDATION 455 TOLL GATE ROAD WARWICK RI 02886 454530540 501(C)(3) 7500 0 CHARITABLE CONTRIBUTIONS GREATER PROVIDENCE YMCA 33 BROAD STREET SUITE 303 PROVIDENCE RI 02903 050258878 501(C)(3) 8800 0 CHARITABLE CONTRIBUTIONS CITY OF PAWTUCKET 137 ROOSEVELT AVENUE PAWTUCKET RI 02860 056000307 501(C)(1) 6000 0 CHARITABLE CONTRIBUTIONS RHODE ISLAND PBS FOUNDATION 50 PARK LN PAWTUCKET RI 02907 222859005 501(C)(3) 7500 0 CHARITABLE CONTRIBUTIONS BOY SCOUTS OF AMERICA NARRAGANSETT COUNCIL PO BOX 14777 EAST PROVINDENCE RI 029140777 050308384 501(C)(3) 11000 0 CHARITABLE CONTRIBUTIONS BRYANT UNIVERSITY 1150 DOUGLAS PIKE SMITHFIELD RI 02917 050258810 501(C)(3) 13000 0 CHARITABLE CONTRIBUTIONS BOYS & GIRLS CLUB OF NORTHERN RI 1 JAMES JMCKEE WAY CUMBERLAND RI 02864 020280121 501(C)(3) 10000 0 CHARITABLE CONTRIBUTIONS BOYS & GIRLS CLUB OF PAWTUCKET 1 MOELLER PLACE PAWTUCKET RI 02860 050258924 501(C)(3) 17050 0 CHARITABLE CONTRIBUTIONS SALVE REGINA UNIVERSITY 100 OCHRE POINT AVENUE NEWPORT RI 02840 050259080 501(C)(3) 15000 0 CHARITABLE CONTRIBUTIONS YMCA OF PAWTUCKET 8 SUMMER STREET PAWTUCKET RI 02860 050259114 501(C)(3) 13500 0 CHARITABLE CONTRIBUTIONS RI SCPA 186 AMARAL STREET RIVERSIDE RI 02915 050262716 501(C)(3) 10000 0 CHARITABLE CONTRIBUTIONS LITTLE SISTERS OF THE POOR 964 MAIN STREET PAWTUCKET RI 02860 050283791 501(C)(3) 7500 0 CHARITABLE CONTRIBUTIONS SAINT TERESA SCHOOL 140 WOODHAVEN ROAD PAWTUCKET RI 02861 050258842 501(C)(3) 7500 0 CHARITABLE CONTRIBUTIONS TEALL PROPERTIES GROUP LLC PO BOX 31384 CHARLOTTE NC 28231 832060347 501(C)(3) 7500 0 CHARITABLE CONTRIBUTIONS COOPERATIVE CREDIT UNION ASSOCIATION 845 DONALD LYNCH BLVD MARLBOROUGH MA 017524704 043403594 501(C)(6) 6375 0 CHARITABLE CONTRIBUTIONS SOJOURNER HOUSE 386 SMITH STREET PROVIDENCE RI 02908 050370419 501(C)(3) 6000 0 CHARITABLE CONTRIBUTIONS BISHOP HENDRICKEN HIGH SCHOOL 2615 WARWICK AVENUE WARWICK RI 02889 050296059 501(C)(3) 12000 0 CHARITABLE CONTRIBUTIONS THE PROUT SCHOOL 4640 TOWER HILL RD WAKEFIELD RI 02879 050319920 501(C)(3) 15500 0 CHARITABLE CONTRIBUTIONS NAVIGANT CREDIT UNION CHARITABLE FOUNDATION 1005 DOUGLAS PIKE SMITHFIELD RI 02917 815171277 501(C)(3) 425000 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) 15000 0 CHARITABLE CONTRIBUTIONS THE STADIUM THEATRE 28 MONUMENT SQUARE WOONSOCKET RI 02895 050486986 501(C)(3) 15000 0 CHARITABLE CONTRIBUTIONS BLITHEWOLD MANSION GARDENS & ARBORETUM 101 FERRY ROAD BRISTOL RI 02809 050503407 501(C)(3) 10000 0 CHARITABLE CONTRIBUTIONS ROSEMARY'S WISH KIDS INC 161 FUREY AVE TIVERTON RI 02878 050518899 501(C)(3) 7500 0 CHARITABLE CONTRIBUTIONS TIDES FAMILY SERVICES 215 WASHINGTON STREET WEST WARWICK RI 02893 222478229 501(C)(3) 5500 0 CHARITABLE CONTRIBUTIONS LEADERSHIP RHODE ISLAND 1570 WESTMINSTER STREET PROVIDENCE RI 02909 222570460 501(C)(3) 10000 0 CHARITABLE CONTRIBUTIONS THE SANDRA FEINSTEIN-GAMM THEATRE 1245 JEFFERSON BLVD WARWICK RI 02886 222797284 501(C)(3) 10000 0 CHARITABLE CONTRIBUTIONS PAWTUCKET CENTRAL FALLS DEVELOPMENT CORPORATION 204 BROAD STREET PAWTUCKET RI 02860 223241611 501(C)(3) 10000 0 CHARITABLE CONTRIBUTIONS BRAIN INJURY ASSOCIATION OF RHODE ISLAND 1017 WATERMAN AVENUE EAST PROVINDENCE RI 02914 225428586 501(C)(3) 7500 0 CHARITABLE CONTRIBUTIONS CHILDREN'S WISHES 2348 POST RD WARWICK RI 02886 264662878 501(C)(3) 10000 0 CHARITABLE CONTRIBUTIONS SENTINEL MEDIA GROUP 2 D TAMARAC DR SMITHFIELD RI 02828 270266169 501(C)(3) 15000 0 CHARITABLE CONTRIBUTIONS MUSEUM OF WORK AND CULTURE PRESERVATION FOUNDATION 42 SOUTH MAIN STREET WOONSOCKET RI 02895 510651337 501(C)(3) 25000 0 CHARITABLE CONTRIBUTIONS THE LIGHT FOUNDATION 440 GREENVILLE NASHVILLE RD GREENVILLE OH 45331 562311765 501(C)(3) 12500 0 CHARITABLE CONTRIBUTIONS PROVIDENCE PERFORMING ARTS CENTER 220 WEYBOSSET STREET PROVIDENCE RI 029033783 050377244 501(C)(3) 12500 0 CHARITABLE CONTRIBUTIONS CENTRAL RHODE ISLAND CHAMBER OF COMMERCE 3288 POST ROAD WARWICK RI 02886 050390085 501(C)(6) 7000 0 CHARITABLE CONTRIBUTIONS RIMBA 40 WESTMINSTER STREET SUITE 1100 PROVIDENCE RI 02903 050425705 501(C)(6) 6000 0 CHARITABLE CONTRIBUTIONS 33 4 SCHOLARSHIPS 21 31500 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 GARY E FURTADO PRESIDENT/TREASURER 569150 0 201362 0 495281 0 24400 0 21925 0 1312118 0 0 0 KATHLEEN OROVITZ PRESIDENT/CEO (AS OF 10/31/2022) 317404 0 67893 0 322683 0 59609 0 17792 0 785381 0 322683 0 LISA G DANDENEAU SR EVP/COO 380900 0 104384 0 6987 0 90038 0 17792 0 600101 0 0 0 JASON M JOLIN EVP/CFO 293750 0 73220 0 0 0 65580 0 18224 0 450774 0 0 0 JONATHAN ROBERTS SVP/CIO 272500 0 64690 0 0 0 61451 0 18548 0 417189 0 0 0 DAVID DECUBELLIS SVP/CRO 268750 0 64690 0 0 0 52913 0 18224 0 404577 0 0 0 H CHRIS DER VARTANIAN SVP/CRO 197125 0 48775 0 116402 0 17782 0 6719 0 386803 0 88010 0 JEFFREY P CASCIONE VP-COMMERCIAL LENDING 244629 0 49406 0 3259 0 51698 0 15072 0 364064 0 0 0 ROSS SILVA AVP-BUS. DEV/REGIONAL LOAN 305820 0 10000 0 0 0 24400 0 18040 0 358260 0 0 0 FREDDIE C ALMEIDA AVP - MORTGAGE LOAN OFFICE 252893 0 20000 0 0 0 18491 0 17952 0 309336 0 0 0 DAVID PELLEGRINO VP-COMPLIANCE 212467 0 32500 0 2774 0 47895 0 1538 0 297174 0 0 0 TIMOTHY SVP - PR & COMMUNITY ENGAGEMENT 161460 0 30000 0 0 0 36911 0 16965 0 245336 0 0 0 LEONARDA CONTI AVP - MORTGAGE LOAN OFFICE 206565 0 10000 0 0 0 13355 0 8123 0 238043 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 2021, SIX MEMBERS OF SENIOR MANAGEMENT PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN ADMINISTERED BY ANGELL PENSION GROUP AND RELIANCE TRUST COMPANY. LISA G. DANDENEAU - $65,638 KATHY OROVITZ - $38,021 JONATHAN ROBERTS - $37,051 JASON JOLIN - $41,180 DAVID DECUBELLIS - $36,875 DAVID PELLEGRINO - $28,125 JEFFREY P. CASECIONE - $35,625 TIMOTHY DRAPER - $22,625 SCHEDULE J, PART II, COLUMN F: TWO EMPLOYEES RECEIVED COMPENSATION IN CURRENT YEAR WHICH REPORTED AS DEFERRED ON PRIOR FORM 990. KATHLEEN OROVITZ - $322,683 H CHRIS DER VARTANIAN - $88,010 CIDALIA C ROCHA EMPLOYEE SPLIT DOLLAR LOAN X 401170 401170 0 1 1 401170 JEFFREY P CASCIONE BROTHER OF LAW FIRM PARTNER 61578 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 4,525,241. NET ASSETS ACQUIRED IN MERGER 518,193. FORM 990, PART XII, LINE 2C: THERE WAS NO CHANGE IN THE OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR 2022. 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) 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 425000 FMV