Sep, 30, 2025 — NOVA UA FEDERAL CREDIT UNION is a federal credit union headquartered in CLIFTON, NJ with 2 branch locations and about $150.27 million in total assets. Opened 66 years ago in 1960, NOVA UA FEDERAL CREDIT UNION has about 3,737 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NOVA UA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 851 Allwood Rd CLIFTON, NJ 07012 |
| Phone: | (973) 471-0700 |
| Fax: | (973) 471-4506 |
| Website: | https://www.novafcu.com |
| Branches: | 2 branch locations |
| Members: | 3,737 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13439 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $150,270,122 |
| CEO/Manager: | Val Bogattchouk |
| Chairperson: | George Oliarnyk |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 18,905,248 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 101,232,666 |
| Unsecured Loans | 690,719 |
| Other Loans | 1,437,316 |
| TOTAL LOANS | 103,360,701 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -110,205 |
| Land And Building | 3,004,088 |
| Other Fixed Assets | 151,019 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,110,518 |
| All Other Assets | 1,885,412 |
| TOTAL ASSETS | 150,270,122 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 320,641 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 13,610,178 |
| Regular shares | 33,688,526 |
| All Other Shares & Deposits | 81,718,156 |
| TOTAL SHARES & DEPOSITS | 129,016,860 |
| TOTAL LIABILITIES | 129,337,501 |
| Regular Reserve | 0 |
| Other Reserves | 694,084 |
| Undivided Earnings | 20,238,537 |
| TOTAL EQUITY | 20,932,621 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 150,270,122 |
| INCOME & EXPENSE | |
| Loan Income | 3,527,444 |
| Investment Income | 1,342,059 |
| Other Income | 114,243 |
| Total Employee Compensation & Benefits | 1,358,504 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,038,295 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -1,857 |
| Cost of Funds | 2,189,252 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 402,753 |
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