Dec, 31, 2023 — JOVIA FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in WESTBURY, NY with 21 branch locations and about $4.44 billion in total assets. Opened 86 years ago in 1938, JOVIA FINANCIAL FEDERAL CREDIT UNION has about 220,087 members and employs 551 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | JOVIA FINANCIAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1000 Corporate Dr WESTBURY, NY 11590 |
| Phone: | (516) 561-0030 |
| Fax: | |
| Website: | https://www.jovia.org |
| Branches: | 21 branch locations |
| Members: | 220,087 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2760 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $4,442,179,659 |
| CEO/Manager: | John DeIeso |
| Chairperson: | George P Plevretes |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 176,775,426 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 250,000 |
| Real Estate Loans | 2,348,120,095 |
| Unsecured Loans | 276,307,737 |
| Other Loans | 891,345,807 |
| TOTAL LOANS | 3,515,982,053 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -44,242,919 |
| Land And Building | 10,838,667 |
| Other Fixed Assets | 13,894,270 |
| NCUSIF Deposit | 34,991,994 |
| All Other Assets | 0 |
| TOTAL ASSETS | 4,442,179,659 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 204,905 |
| Notes & Interest Payable | 250,000,000 |
| Accounts Payable & Other Liabilities | 60,045,539 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 672,404,066 |
| Regular shares | 866,875,624 |
| All Other Shares & Deposits | 2,321,303,793 |
| TOTAL SHARES & DEPOSITS | 3,860,583,483 |
| TOTAL LIABILITIES | 4,171,352,927 |
| Regular Reserve | 0 |
| Other Reserves | -117,570,575 |
| Undivided Earnings | 388,397,307 |
| TOTAL EQUITY | 270,826,732 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,442,179,659 |
| INCOME & EXPENSE | |
| Loan Income | 177,660,613 |
| Investment Income | 22,028,557 |
| Other Income | 9,855,946 |
| Total Employee Compensation & Benefits | 49,617,028 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 50,054,045 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 18,220,496 |
| Cost of Funds | 86,183,935 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 19,839,896 |
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