Mar, 31, 2022 — NOVO FEDERAL CREDIT UNION is a federal credit union headquartered in NORCO, CA with 1 branch location and about $17.32 million in total assets. Opened 59 years ago in 1963, NOVO FEDERAL CREDIT UNION has about 2,224 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) | 2191 5th St Ste 202 NORCO, CA 92860-1967 |
| Phone: | (951) 737-6262 |
| Fax: | (951) 737-1227 |
| Website: | http://www.novocu.org |
| Branches: | 1 branch locations |
| Members: | 2,224 |
| 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: | $17,316,981 |
| CEO/Manager: | Rosie Zarubick |
| Chairperson: | Danny Macias |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | -149,441 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,466,183 |
| Other Loans | 9,177,739 |
| TOTAL LOANS | 10,643,922 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -67,468 |
| Land And Building | 39,173 |
| Other Fixed Assets | 17,694 |
| NCUSIF Deposit | 131,730 |
| All Other Assets | 0 |
| TOTAL ASSETS | 17,316,981 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 549,300 |
| Accounts Payable & Other Liabilities | -1,117,754 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,880,772 |
| Regular shares | 12,469,674 |
| All Other Shares & Deposits | 838,409 |
| TOTAL SHARES & DEPOSITS | 16,188,855 |
| TOTAL LIABILITIES | 15,620,401 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,696,580 |
| TOTAL EQUITY | 1,696,580 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 17,316,981 |
| INCOME & EXPENSE | |
| Loan Income | 139,694 |
| Investment Income | 4,841 |
| Other Income | 43,803 |
| Total Employee Compensation & Benefits | 86,044 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 82,568 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 2,670 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 23,021 |
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