Navigant Credit Union promotes chief retail banker to CEO

Kathleen Orovitz has been named the next president and chief executive of Navigant Credit Union in Smithfield, Rhode Island.

She will succeed Gary Furtado, who announced his retirement in June. Furtado will remain in his current role and help with the transition through October.

The $3.3 billion-asset credit union said Orovitz has more than 30 years of experience in the financial services industry, specializing in retail banking delivery, sales management, corporate marketing and strategic planning. 

She joined Navigant Credit Union in 2009 as executive vice president and chief retail banking officer.

"Kathy leads multiple business lines including retail banking, marketing, digital delivery, wealth management and community development. Her 13 years of experience on our senior management team has prepared her with the knowledge and skills to lead Navigant Credit Union," board chair Ann Kashmanian said in a press release Wednesday. 

Before joining Navigant, Orovitz was director of retail banking at Bank Rhode Island.

"I am devoted to Navigant Credit Union's mission of delivering the best experiences for our members across Rhode Island while continuing to sustain and build upon our best-in-class employer status," Orovitz said in the press release. 

Navigant earned $17.8 million in the first six months of 2022, an 8% increase from a year earlier, according to call report data from the National Credit Union Administration.

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