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 About Navigator Credit Union
Building a Legacy
In 1938, the employees of Ingalls Shipyard began the task of building great ships for the defense of our nation. Some of these individuals who had seen a strong, vibrant workplace develop from a “mud lump” on the banks of the Pascagoula River recognized that the employees of the shipyard needed access to financial services that were equally available to all. On June 24, 1939, seven shipyard workers prepared the Articles of Association and Incorporation for Mutual Benefit Credit Union. Soon thereafter, the name was changed to Ingalls Employees Credit Union to more accurately reflect the members it served.
With a membership of 100 and assets of $2,500, Ingalls Employees Credit Union began its proud history as a resource for all who need access to financial services at reasonable rates with superior service and higher dividends. On March 18, 2003, the member-owners of Ingalls Employees Credit Union voted to change the credit union's name to Navigator Credit Union. This name, which became effective April 1, more broadly demonstrates that credit union membership is available to more people and more families than ever before. It also reflects the recent changes in ownership of Ingalls Shipbuilding and supports the future growth of Northrop Grumman Ship Systems. While Navigator Credit Union will continue to be a single sponsor credit union serving the employees of Northrop Grumman Ship Systems and their families, we now also serve the employees of NGSS (Avondale) Gulfport, subcontractors and affiliates and their families. All of these employees are under the umbrella of Northrop Grumman Ship Systems.
Throughout our history, Navigator has adhered to the creed that People Are Worth More Than Money. Nowhere can that motto be seen more than in the lives of our members who have purchased homes, saved for retirement, educated children, planned vacations, celebrated new arrivals, and experienced the gamut of life's events, with Navigator Credit Union by their side.
The passing decades have seen incredible changes for both NCU and our corporate sponsor. As Ingalls Shipbuilding became Litton Industries and now Northrop Grumman Ship Systems, it has gone from one side of the river to two, from building only American ships to building ships for the countries of the world and from a small southern business to an international competitor.
Navigator's growth parallels that of our corporate sponsor as we have grown from one branch to six, three employees to 79, and from a noble concept to a world-class financial institution providing all the products and services any member and any family could want.
As we began our journey, nearly 64 years ago, no one could have envisioned that Navigator Credit Union would become the largest state chartered credit union in Mississippi with 21,000 members and more than $125 million in assets.
Amidst the changes all around us, Navigator Credit Union continues to remain focused on the issues that are important to our credit union family. To that end, NCU pledges to remain true to it's vision of Building a Legacy of Excellence for our Members through Service, Commitment and Substantial Value as we continue to chart the financial course for you and your family.
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