Dec, 31, 2023 — JOVIA FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in WESTBURY, NY with 21 branch locations and about $4.44 billion in total assets. Opened 86 years ago in 1938, JOVIA FINANCIAL FEDERAL CREDIT UNION has about 220,087 members and employs 551 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | JOVIA FINANCIAL FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 1000 Corporate Dr WESTBURY, NY 11590 |
Phone: | (516) 561-0030 |
Fax: | |
Website: | https://www.jovia.org |
Branches: | 21 branch locations |
Members: | 220,087 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 2760 |
---|---|
Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1938 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $4,442,179,659 |
CEO/Manager: | John DeIeso |
Chairperson: | George P Plevretes |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 176,775,426 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 250,000 |
Real Estate Loans | 2,348,120,095 |
Unsecured Loans | 276,307,737 |
Other Loans | 891,345,807 |
TOTAL LOANS | 3,515,982,053 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -44,242,919 |
Land And Building | 10,838,667 |
Other Fixed Assets | 13,894,270 |
NCUSIF Deposit | 34,991,994 |
All Other Assets | 0 |
TOTAL ASSETS | 4,442,179,659 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 204,905 |
Notes & Interest Payable | 250,000,000 |
Accounts Payable & Other Liabilities | 60,045,539 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 672,404,066 |
Regular shares | 866,875,624 |
All Other Shares & Deposits | 2,321,303,793 |
TOTAL SHARES & DEPOSITS | 3,860,583,483 |
TOTAL LIABILITIES | 4,171,352,927 |
Regular Reserve | 0 |
Other Reserves | -117,570,575 |
Undivided Earnings | 388,397,307 |
TOTAL EQUITY | 270,826,732 |
TOTAL LIABILITIES, SHARES, & EQUITY | 4,442,179,659 |
INCOME & EXPENSE | |
Loan Income | 177,660,613 |
Investment Income | 22,028,557 |
Other Income | 9,855,946 |
Total Employee Compensation & Benefits | 49,617,028 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 50,054,045 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 18,220,496 |
Cost of Funds | 86,183,935 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 19,839,896 |
↑ Back to Top |