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 |
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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 |
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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 |
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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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