Navigator Credit Union was born from the essential need for the average person to have access to affordable financial services. In 1938, Ingalls Shipbuilding began operations. For the first time, those who had farmed the fertile coastland or fished its well-populated waters were now gainfully employed. Because of their modest incomes, many did not have established credit. Even with their new-found employment, they were unable to purchase basic items such as refrigerators, automobiles and washing machines without access to credit.
At the time, credit unions were still a relatively new phenomenon in the U.S., but the cooperative principles and structure appealed to a small group of shipyard workers who founded Ingalls Employees Credit Union (IECU). With only 100 members and $2,500 in deposits, IECU began offering savings accounts and loans to members who, until then, had not had access to financial services.
The new Credit Union quickly became vital for the financial stability of thousands of shipbuilders. With a unique understanding of Gulf Coast living, the Credit Union developed products and services which helped members fulfill their dreams. Through the decades, members have purchased homes, sent children to college, taken well-deserved vacations and saved for retirement.
In 2003, Ingalls Employees Credit Union changed its name to Navigator Credit Union to reflect the broad coastal base it serves. In changing its name, Navigator stayed true to its roots by inviting member involvement through surveys, focus groups and personal phone calls so that everyone provided input in re-naming their beloved Credit Union.
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
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NMLS 1795154