# NAVIGATOR CU
Pascagoula, MS · NCUA charter 63637 · asset band $200-500M · latest filing 2023-09 · stopped filing after 2023-09 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/navigator-cu-63637

Who the members are: state charter, organized 1939. 45,638 members of 795,159 potential (5.7% of the field); checking penetration 82% (share draft accounts per 100 members); loans per 100 members 56.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 3 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $386.0M |
| Members | 45,638 (0.8% YoY) |
| Full-time staff | 139 |
| Net worth | $58.1M |
| Net worth ratio | 15.1% (p92 of band) |
| ROA (annualized) | 1.76% (p97 of band) |
| Total delinquency | 0.57% (p58 of band) |
| Net charge-offs (annualized) | 0.72% (p88 of band) |
| Loans / shares | 79% (p55 of band) |
| Cash / assets | 14.3% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.56% (p97 of band) |
| Operating expense / assets | 5.35% (p98 of band) |
| Vehicles % of loans | 59% (p87 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 65% |
| Third-party paper % of net worth | 181% (p69 of band) |
| Vehicle delinquency | 0.55% (p57 of band) |
| Vehicle NCO | 0.95% (p86 of band) |
| Repossessed % of vehicle book | 0.05% (p69 of band) |
| Real estate % of loans | 22% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 15% |
| Commercial % of net worth | 2% |
| Core shares % of member funds | 69% |
| Certificates % of member funds | 14% |
| Average share balance | $2,170 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 56% |
| Loans granted per 100 members, annualized | 15% |
| Average loan balance | $10,016 |
| Loans granted, annualized | $147.2M |

## Flags firing in the latest filing

- **expense trap** (`earn_opex`)
- **assets shrinking** (`shrink_assets`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 4 | expense trap, charge-offs p90, 3rd-party paper>100% NW, auto monoline |  |
| 2016-06 | 5 | delinquency 2x band |  |
| 2016-09 | 5 |  |  |
| 2016-12 | 7 | net worth falling, repo signal |  |
| 2017-03 | 7 | members leaving | repo signal |
| 2017-06 | 7 | repo signal | net worth falling |
| 2017-09 | 5 |  | members leaving, repo signal |
| 2017-12 | 7 | net worth falling, losing money |  |
| 2018-03 | 5 |  | expense trap, losing money |
| 2018-06 | 5 | expense trap | net worth falling |
| 2018-09 | 7 | repo signal, assets shrinking |  |
| 2018-12 | 6 |  | repo signal |
| 2019-03 | 6 | net worth falling | expense trap |
| 2019-06 | 5 | expense trap | delinquency 2x band, net worth falling |
| 2019-09 | 5 | delinquency 2x band, loan book shrinking | auto monoline, assets shrinking |
| 2019-12 | 5 |  |  |
| 2020-03 | 6 | net worth falling, margin squeeze | expense trap |
| 2020-06 | 6 |  |  |
| 2020-09 | 5 |  | delinquency 2x band |
| 2020-12 | 5 | delinquency 2x band | loan book shrinking |
| 2021-03 | 5 |  |  |
| 2021-06 | 4 |  | net worth falling |
| 2021-09 | 4 |  |  |
| 2021-12 | 3 |  | delinquency 2x band |
| 2022-03 | 2 | delinquency 2x band | charge-offs p90, margin squeeze |
| 2022-06 | 2 | charge-offs p90 | delinquency 2x band |
| 2022-09 | 2 |  |  |
| 2022-12 | 4 | expense trap, assets shrinking |  |
| 2023-03 | 3 |  | charge-offs p90 |
| 2023-06 | 3 |  |  |
| 2023-09 | 3 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2020-08-27 [New wave of branch managers helps boost business | Credit Union Journal - American Banker](https://news.google.com/rss/articles/CBMingFBVV95cUxPazhianh5R3lOWktrUDJ2ZHhfZTlmbmRwejV6REdHMmU1TmRLV0JVWl9wUVotWHd4cjZHWFZlWG0zT1hsZEpGUkFzeWc3NEk3bkJ0UnZYV1JvRTIyeFg5eUJfWHJpLWtkZ3U3dE5EZkJfSWNkWTNWSUs1TGREY19PTXpYZ1F4cl91bC1CNHZEaTJYYzRYMDkwUUNEdFR0UQ?oc=5) · American Banker
- 2025-04-08 [Best Banks and Credit Unions in Mississippi 2024 - Newsweek Rankings](https://news.google.com/rss/articles/CBMikwFBVV95cUxPSjY4Rlk4LUhnV1R0SDB0eG9xSC1LSzBWenNLU2hnbFQyMy02Uk1PTjAxbWZ0LTdzWkZQdFRTR3lHSnZSNk5XYzhUbUpoZzJVZ3dGLUZrNlhfVWpXWDh0Sl9HcWxNOE1YNHhRRnlqMnh4QjZPQXNkbkI0T19TZmg3Wi1OUDk1M1lyRVBId2E1RmI5OXM?oc=5) · Newsweek Rankings
- 2015-06-04 [Mississippi League Announces Board and More People in the News - American Banker](https://news.google.com/rss/articles/CBMitwFBVV95cUxNVTNiU2NsRVJMTXBDWXUyeHZxQUh6S3VDN0o5MGNDcnA1YWxoZUVVXzNVWHg0SENoMEhZLW9tYjRPZzE2amZtQVVVN0hMLVF4TUVDYzVzZ0U2TG1mVHJIUW1WNlBoMWlFRkVXdUREcFFIN0tVMkpPa21QSFBKNE1jLWhaZjlCa3V1MXlpMGc2TlRrVFdwWjJXemhySUVjeHBKWk5TOC1sa29xN3JhYU4yMEhNNVlhVEE?oc=5) · American Banker

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=63637 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/21.json (key "63637", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=63637
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide