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NOVA UA FEDERAL CREDIT UNION

Dec, 31, 2020 — NOVA UA FEDERAL CREDIT UNION is a federal credit union headquartered in CLIFTON, NJ with 2 branch locations and about $135.32 million in total assets. Opened 61 years ago in 1960, NOVA UA FEDERAL CREDIT UNION has about 3,950 members and employs 15 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:http://www.novafcu.com
Branches:2 branch locations
Members:3,950
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, 2019
FHLB Member:Yes
Low Income Designation:No
Assets:$135,323,791
CEO/Manager:Val Bogattchouk
Chairperson:Michael Lewko

Call Report

  • Commercial Loans
  • Real Estate Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 22,242,714
TOTAL INVESTMENTS 33,503,456
Loans Held for Sale 0
 
 Real Estate Loans 72,091,907
 Unsecured Loans 1,214,684
 Other Loans 1,158,655
 TOTAL LOANS 74,465,246
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -67,013
 Land And Building 3,504,660
 Other Fixed Assets 129,457
 NCUSIF Deposit 1,132,181
 All Other Assets 413,090
  TOTAL ASSETS 135,323,791
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 75,422
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 9,174,040
 Regular shares 44,662,217
 All Other Shares & Deposits 63,311,621
  TOTAL SHARES & DEPOSITS 117,147,878
  TOTAL LIABILITIES 117,223,300
 Regular Reserve 1,248,265
 Other Reserves 1,072,958
 Undivided Earnings 15,779,268
  TOTAL EQUITY 18,100,491
  TOTAL LIABILITIES, SHARES, & EQUITY 135,323,791
INCOME & EXPENSE  
 Loan Income 2,751,886
 Investment Income 861,556
 Other Income 181,335
 Total Employee Compensation & Benefits 1,298,383
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,050,622
 Non-operating Income & (Expense) 222,415
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 1,279,635
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 388,552
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