Sep, 30, 2025 — NOVA CREDIT UNION is a federally insured state chartered credit union headquartered in CHARLOTTE, NC with 5 branch locations and about $117.69 million in total assets. Opened 92 years ago in 1934, NOVA CREDIT UNION has about 10,985 members and employs 49 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NOVA CREDIT UNION |
|---|---|
| Address: (Main Office) | 3601 Mulberry Church Rd CHARLOTTE, NC 28208 |
| Phone: | (704) 392-3418 |
| Fax: | (704) 409-2220 |
| Website: | https://www.novacu.com |
| Branches: | 5 branch locations |
| Members: | 10,985 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63425 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $117,685,056 |
| CEO/Manager: | Michelle Hayes |
| Chairperson: | Phillip Kridel |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,668,903 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 39,102,846 |
| Unsecured Loans | 4,551,033 |
| Other Loans | 31,705,388 |
| TOTAL LOANS | 75,359,267 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -485,868 |
| Land And Building | 4,260,688 |
| Other Fixed Assets | 333,511 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 983,414 |
| All Other Assets | 434,113 |
| TOTAL ASSETS | 117,685,056 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 82,340 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,314,007 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 21,886,817 |
| Regular shares | 45,440,522 |
| All Other Shares & Deposits | 29,990,738 |
| TOTAL SHARES & DEPOSITS | 97,318,077 |
| TOTAL LIABILITIES | 98,714,424 |
| Regular Reserve | 0 |
| Other Reserves | 4,582,592 |
| Undivided Earnings | 14,388,040 |
| TOTAL EQUITY | 18,970,632 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 117,685,056 |
| INCOME & EXPENSE | |
| Loan Income | 3,145,086 |
| Investment Income | 707,205 |
| Other Income | 872,911 |
| Total Employee Compensation & Benefits | 2,430,353 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,004,216 |
| Non-operating Income & (Expense) | 592,810 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 199,692 |
| Cost of Funds | 394,777 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 333,090 |
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