Jun, 30, 2021 — NOVO FEDERAL CREDIT UNION is a federal credit union headquartered in Norco, CA with 1 branch location and about $15.83 million in total assets. Opened 58 years ago in 1963, NOVO FEDERAL CREDIT UNION has about 2,212 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| 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: | 2,212 |
| 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: | $15,825,640 |
| CEO/Manager: | Rosie Zarubick |
| Chairperson: | Danny Macias |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,438,102 |
| TOTAL INVESTMENTS | 4,687,126 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,529,520 |
| Other Loans | 7,971,281 |
| TOTAL LOANS | 9,500,801 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -81,559 |
| Land And Building | 46,025 |
| Other Fixed Assets | 21,429 |
| NCUSIF Deposit | 131,730 |
| All Other Assets | 81,986 |
| TOTAL ASSETS | 15,825,640 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -1,067,496 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,526,513 |
| Regular shares | 11,876,149 |
| All Other Shares & Deposits | 877,292 |
| TOTAL SHARES & DEPOSITS | 15,279,954 |
| TOTAL LIABILITIES | 14,212,458 |
| Regular Reserve | 207,129 |
| Other Reserves | 0 |
| Undivided Earnings | 1,406,053 |
| TOTAL EQUITY | 1,613,182 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 15,825,640 |
| INCOME & EXPENSE | |
| Loan Income | 285,478 |
| Investment Income | 6,858 |
| Other Income | 75,108 |
| Total Employee Compensation & Benefits | 177,889 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 176,455 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 6,699 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 20,051 |
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