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NOVO FEDERAL CREDIT UNION

Mar, 31, 2021 — NOVO FEDERAL CREDIT UNION is a federal credit union headquartered in Norco, CA with 1 branch location and about $15.76 million in total assets. Opened 58 years ago in 1963, NOVO FEDERAL CREDIT UNION has about 2,218 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 322274734
Name:NOVO FEDERAL CREDIT UNION
Address:
(Main Office)
P O Box 129
Norco, CA 92860-0129
Phone:(951) 737-6262
Fax:(951) 737-1227
Website:http://www.novocu.org
Branches:1 branch locations
Members:2,218
Credit Union Type:Federal Credit Union
Charter Number:15784
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1963
Last Audited:Oct 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$15,759,042
CEO/Manager:Rosie Zarubick
Chairperson:Danny Macias

Call Report

  • Pay Day Loans
  • Risk Based Loans
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,281,229
TOTAL INVESTMENTS 5,634,126
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 1,620,000
 Other Loans 7,062,262
 TOTAL LOANS 8,682,262
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -89,962
 Land And Building 48,309
 Other Fixed Assets 23,883
 NCUSIF Deposit 95,450
 All Other Assets 83,745
  TOTAL ASSETS 15,759,042
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities -1,027,051
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,491,690
 Regular shares 11,800,149
 All Other Shares & Deposits 890,971
  TOTAL SHARES & DEPOSITS 15,182,810
  TOTAL LIABILITIES 14,155,759
 Regular Reserve 207,129
 Other Reserves 0
 Undivided Earnings 1,396,154
  TOTAL EQUITY 1,603,283
  TOTAL LIABILITIES, SHARES, & EQUITY 15,759,042
INCOME & EXPENSE  
 Loan Income 141,619
 Investment Income 3,515
 Other Income 34,336
 Total Employee Compensation & Benefits 86,580
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 84,514
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 3,662
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 10,152
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