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NOVA UA FEDERAL CREDIT UNION

Mar, 31, 2021 — NOVA UA FEDERAL CREDIT UNION is a federal credit union headquartered in CLIFTON, NJ with 2 branch locations and about $136.73 million in total assets. Opened 61 years ago in 1960, NOVA UA FEDERAL CREDIT UNION has about 3,943 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:http://www.novafcu.com
Branches:2 branch locations
Members:3,943
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$136,732,993
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
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 29,250,140
TOTAL INVESTMENTS 27,133,454
Loans Held for Sale 0
 
 Real Estate Loans 72,978,505
 Unsecured Loans 1,134,681
 Other Loans 1,182,255
 TOTAL LOANS 75,295,441
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -62,109
 Land And Building 3,486,427
 Other Fixed Assets 120,522
 NCUSIF Deposit 1,132,181
 All Other Assets 376,937
  TOTAL ASSETS 136,732,993
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 85,471
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 9,696,073
 Regular shares 46,703,040
 All Other Shares & Deposits 62,113,313
  TOTAL SHARES & DEPOSITS 118,512,426
  TOTAL LIABILITIES 118,597,897
 Regular Reserve 1,248,265
 Other Reserves 1,041,798
 Undivided Earnings 15,845,033
  TOTAL EQUITY 18,135,096
  TOTAL LIABILITIES, SHARES, & EQUITY 136,732,993
INCOME & EXPENSE  
 Loan Income 690,920
 Investment Income 121,349
 Other Income 48,709
 Total Employee Compensation & Benefits 327,266
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 245,747
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 222,201
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 65,764
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