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NOVO FEDERAL CREDIT UNION

Sep, 30, 2022 — NOVO FEDERAL CREDIT UNION is a federal credit union headquartered in NORCO, CA with 1 branch location and about $18.14 million in total assets. Opened 60 years ago in 1963, NOVO FEDERAL CREDIT UNION has about 2,241 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)
2191 5th St Ste 202
NORCO, CA 92860-1967
Phone:(951) 737-6262
Fax:(951) 737-1227
Website:https://www.novocu.org
Branches:1 branch locations
Members:2,241
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$18,137,790
CEO/Manager:Rosie Zarubick
Chairperson:Rodger D Moore

Call Report

  • Payday Alternative Loans (PAL Loans)
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,194,729
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 1,636,525
 Other Loans 9,610,713
 TOTAL LOANS 11,247,238
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -78,023
 Land And Building 34,605
 Other Fixed Assets 14,042
 NCUSIF Deposit 162,487
 All Other Assets 0
  TOTAL ASSETS 18,137,790
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities -389,750
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,725,899
 Regular shares 13,253,173
 All Other Shares & Deposits 793,304
  TOTAL SHARES & DEPOSITS 16,772,376
  TOTAL LIABILITIES 16,382,626
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 1,755,164
  TOTAL EQUITY 1,755,164
  TOTAL LIABILITIES, SHARES, & EQUITY 18,137,790
INCOME & EXPENSE  
 Loan Income 446,260
 Investment Income 18,451
 Other Income 139,406
 Total Employee Compensation & Benefits 262,158
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 262,820
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 5,900
 Cost of Funds 8,991
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 81,606
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