Jun, 30, 2024 — JOVIA FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in WESTBURY, NY with 20 branch locations and about $4.18 billion in total assets. Opened 86 years ago in 1938, JOVIA FINANCIAL FEDERAL CREDIT UNION has about 220,220 members and employs 501 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: | 20 branch locations |
| Members: | 220,220 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $4,181,726,406 |
| CEO/Manager: | John DeIeso |
| Chairperson: | George P Plevretes |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 155,234,248 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 170,000 |
| Real Estate Loans | 2,279,735,847 |
| Unsecured Loans | 214,715,212 |
| Other Loans | 704,992,883 |
| TOTAL LOANS | 3,199,443,942 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -26,629,103 |
| Land And Building | 12,064,264 |
| Other Fixed Assets | 16,254,751 |
| NCUSIF Deposit | 32,818,152 |
| All Other Assets | 0 |
| TOTAL ASSETS | 4,181,726,406 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 116,876 |
| Notes & Interest Payable | 223,820,278 |
| Accounts Payable & Other Liabilities | 46,075,950 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 789,221,604 |
| Regular shares | 956,503,111 |
| All Other Shares & Deposits | 1,922,369,354 |
| TOTAL SHARES & DEPOSITS | 3,668,094,069 |
| TOTAL LIABILITIES | 3,938,107,173 |
| Regular Reserve | 0 |
| Other Reserves | -137,173,424 |
| Undivided Earnings | 380,792,657 |
| TOTAL EQUITY | 243,619,233 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,181,726,406 |
| INCOME & EXPENSE | |
| Loan Income | 80,496,621 |
| Investment Income | 10,656,924 |
| Other Income | 6,601,753 |
| Total Employee Compensation & Benefits | 33,396,916 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 33,742,199 |
| Non-operating Income & (Expense) | 1,165 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,373,000 |
| Cost of Funds | 18,005,699 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 18,604,585 |
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