PBN 2024 Fastest Growing Companies Awards
$50 MILLION AND ABOVE
3. Navigant Credit Union
CEO (or equivalent): Kathleen C. Orovitz, CEO and president
2023 Revenue: $175.6 million
2021 Revenue: $117.1 million
Revenue growth: 50%
ADDING FIVE BRANCHES while merging with two credit unions spurred 50% growth in Rhode Island’s longest-operating credit union from 2021 to 2023.
As Navigant Credit Union recently expanded into East Greenwich, Westerly, North Providence, Cranston and North Kingstown, revenues swelled from $117.1 million in 2021 to $175.6 million in 2023.
“It’s not like we sit back and say, ‘We’re going to add five branches,’ ” said Tim Draper, the Smithfield-based credit union’s senior vice president of public relations and community engagement. “There’s always a desire to find new locations that allow us to bring exceptional service to areas of the state where we don’t have a presence.”
A successful rebound – both for Navigant and the economy – from the 2020 COVID-19 pandemic lockdowns helped the credit union pivot to success.
Navigant, which never closed but saw many member-customers flock to digital-banking channels, continues to see strong branch transactions.
“People have not stopped borrowing money,” Draper said.
