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.
| 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 |
| 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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