PBN Fastest Growing Companies 2023
$75 million and above No. 5. Navigant Credit Union
CEO (or equivalent): Kathleen C. Orovitz, CEO and president
2022 revenue: $130.7 million
2020 revenue: $107.7 million
Revenue growth: 21.3%
HELPING CUSTOMERS with lending services not only gave Navigant Credit Union members the chance to realize their dreams this past year but it also helped the Smithfield-based financial institution to thrive.
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Tim Draper, Navigant’s senior vice president of public relations and community engagement, said a lower-rate environment encouraged many of its 150,000 members to act on financial goals they may have put off during the COVID-19 pandemic. Navigant reached $130 million in revenue last year, growing 21.3% in 2022 compared with 2020.
By keeping as many employees as engaged as possible and developing a Paycheck Protection Program team, Navigant processed nearly 2,000 loans totaling more than $134 million. The credit union says the number of federal PPP loans it processed was one of the largest in the country.
“As a member-owned credit union, we always attribute our growth and success – first and foremost – to the mutual trust we’ve worked hard to build with our members,” Draper said.
