Credit Unions Near Me
National Credit Union Service Organization

NOVA CREDIT UNION

Jun, 30, 2021 — NOVA CREDIT UNION is a federally insured state chartered credit union headquartered in CHARLOTTE, NC with 5 branch locations and about $126.53 million in total assets. Opened 87 years ago in 1934, NOVA CREDIT UNION has about 12,282 members and employs 41 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 253075031
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:12,282
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$126,530,491
CEO/Manager:Joy Watts
Chairperson:Phillip Kridel

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 17,930,486
TOTAL INVESTMENTS 33,366,004
Loans Held for Sale 0
 
 Real Estate Loans 36,788,683
 Unsecured Loans 3,894,869
 Other Loans 25,621,910
 TOTAL LOANS 66,305,462
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -886,719
 Land And Building 4,732,663
 Other Fixed Assets 75,494
 NCUSIF Deposit 997,449
 All Other Assets 4,009,652
  TOTAL ASSETS 126,530,491
LIABILITIES & CAPITAL:  
 Dividends Payable 30,686
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 292,968
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 21,270,917
 Regular shares 50,829,926
 All Other Shares & Deposits 35,357,803
  TOTAL SHARES & DEPOSITS 107,458,646
  TOTAL LIABILITIES 107,782,300
 Regular Reserve 4,220,000
 Other Reserves 6,700,032
 Undivided Earnings 7,828,159
  TOTAL EQUITY 18,748,191
  TOTAL LIABILITIES, SHARES, & EQUITY 126,530,491
INCOME & EXPENSE  
 Loan Income 1,878,053
 Investment Income 288,366
 Other Income 687,460
 Total Employee Compensation & Benefits 1,377,705
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,880,918
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -175,500
 Cost of Funds 78,823
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 376,161
↑ Back to Top

Other Credit Unions

ALLVAC SAVINGS AND CREDIT UNION
PO BOX 5030
MONROE, NC 28111
PIEDMONT CREDIT UNION
PO Box 1307
STATESVILLE, NC 28687
HSM FEDERAL CREDIT UNION
PO BOX 128
HICKORY, NC 28603
BLUE FLAME CREDIT UNION
PO Box 12400
CHARLOTTE, NC 28220
LITHIUM FEDERAL CREDIT UNION
1111 BESSEMER CITY KINGS MTN HWY
BESSEMER CITY, NC 28016-9640
CS CREDIT UNION
6519 Comm Scope Rd
CATAWBA, NC 28609
SHUFORD FEDERAL CREDIT UNION
882 16th St NE
HICKORY, NC 28601
TEAM AND WHEEL FEDERAL CREDIT UNION
1405 Trademart Blvd
WINSTON SALEM, NC 27127-5645
CHARLOTTE FIRE DEPARTMENT CREDIT UNION
2121 Commonwealth Ave
CHARLOTTE, NC 28205-5126
CAROLINA COOPERATIVE FEDERAL CREDIT UNION
6502 MCMAHON DRIVE
CHARLOTTE, NC 28226