Robert A. Fertitta, President & CEO
CEO Message - The Value of Membership
Building a legacy of excellence for our Members through service, commitment and substantial value.
Navigator’s Mission is the guiding principle for all we do. We strive to fulfill this mission in many ways, and we know you, our Members, are the reason we’ve been here and continuing to grow since 1939.
People join credit unions for many reasons. Like banks, credit unions accept deposits, make loans and offer members a full suite of financial products and services. Unlike banks, credit unions are accountable to members and not shareholders, and so we usually offer better rates and lower fees.
Is that why you joined Navigator Credit Union? No doubt, there’s value in getting a lower interest rate on your car loan and a higher rate on your Christmas Club savings. But there’s a lot more that goes into providing the substantial value we aim for in our mission, and I’d like to share some of those value-added benefits of being a Navigator Member.
Not-for-profit. Navigator Credit Union exists to serve our members, not to make a profit. Bank earnings are given to stockholders as dividends. Navigator is a not-for-profit cooperative organization, and with us you’re a person, not a number.
You’re an owner. Navigator is owned by our members. We’re based on the one-member, one-vote philosophy and governed by a democratically elected Board made up of volunteers who are also members. Banks, on the other hand, are governed by paid shareholders, and voting rights are based on how many shares they own.
Better rates and lower fees. Like all credit unions, our earnings go back to members in the form of higher returns on savings, lower rates on credit cards and loans, fewer fees and more conveniences. Credit unions are more than twice as likely as banks to have free checking accounts, and Navigator offers a free checking account with no monthly fee and no minimum balance requirements.
Shares are insured. Your money is federally insured by the National Credit Union Administration (NCUA), which provides essentially the same insurance coverage on deposits as the Federal Deposit Insurance Corporation (FDIC), which insures bank deposits.
Community-minded. Navigator believes in making personal connections and helping the communities we serve. We commit time and money to causes you care about through civic and charitable initiatives, including the United Way, Special Olympics, MS Society, American Heart Association, Boys and Girls Clubs, Habitat for Humanity, area schools and disaster relief.
Financial education. From childhood through adulthood, credit unions provide members with the tools and resources needed to better manage their finances. When you’re financially successful, so are we!
Manage your money 24/7. Navigator Members have access to their money at more than 80,000 surcharge-free ATMs thanks to our nationwide credit union network. You can also take advantage of online and mobile banking from your computer, tablet or smartphone.
Member for life. Now that you’re a Navigator member, you can remain a member regardless of whether you move to a new city or change employers. Family members are also invited to join. It’s easy to become a member, and you’re in good company. There are more than 110 million credit union members across the country, and today 1 in 3 Americans are credit union members.
We appreciate the fact you’ve chosen to become a member-owner of Navigator Credit Union. We’re here and committed to serving you!
Thank you for being a Member!
President & CEO