2019 PBN Fastest Growing Companies: $75M and above
3. Navigant Credit Union
CEO (or equivalent): Gary E. Furtado, CEO and president
2018 Revenue: $94,166,012
2016 Revenue: $68,831,840
Revenue growth: 36.8%
NAVIGANT CREDIT UNION is one of the fastest-growing companies in Rhode Island partly because of its physical expansion across the state.
Executive Vice President and Chief Operating Officer Lisa Dandeneau notes that as a result of the Smithfield-based credit union’s strategy to span Rhode Island, it now has 18 branches from Woonsocket to Narragansett.
And that expansion shows in the credit union’s metrics, she said. Navigant has posted impressive three-year annual growth rates in numerous categories. Deposits have risen by 12.6%, loans by 13.6%, net income by 19.9% and number of employees by 9.1%. Navigant remains one of the top two credit unions in the state in terms of total assets, which came in at $2.3 billion as of June.
Dandenreau credits the efforts of “a disciplined focus strategy and our employees’ dedication to execute that strategy. Our employees understand our mission, our values and they are passionate about doing the right things for our members,” she said. “Our branch expansion and lending strategies have been a very important part of our growth. We are now the leading mortgage lender in Rhode Island.”
