Dec, 31, 2023 — NOVA UA FEDERAL CREDIT UNION is a federal credit union headquartered in CLIFTON, NJ with 2 branch locations and about $142.85 million in total assets. Opened 64 years ago in 1960, NOVA UA FEDERAL CREDIT UNION has about 3,805 members and employs 16 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 UA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 851 Allwood Rd CLIFTON, NJ 07012 |
| Phone: | (973) 471-0700 |
| Fax: | (973) 471-4506 |
| Website: | https://www.novafcu.com |
| Branches: | 2 branch locations |
| Members: | 3,805 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13439 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $142,851,657 |
| CEO/Manager: | Val Bogattchouk |
| Chairperson: | George Oliarnyk |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,320,053 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 95,004,770 |
| Unsecured Loans | 757,459 |
| Other Loans | 1,274,137 |
| TOTAL LOANS | 97,036,366 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -154,621 |
| Land And Building | 3,126,696 |
| Other Fixed Assets | 122,340 |
| NCUSIF Deposit | 1,183,947 |
| All Other Assets | 0 |
| TOTAL ASSETS | 142,851,657 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 371,657 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 11,922,790 |
| Regular shares | 39,030,392 |
| All Other Shares & Deposits | 71,641,455 |
| TOTAL SHARES & DEPOSITS | 122,594,637 |
| TOTAL LIABILITIES | 122,966,294 |
| Regular Reserve | 0 |
| Other Reserves | 434,257 |
| Undivided Earnings | 19,451,106 |
| TOTAL EQUITY | 19,885,363 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 142,851,657 |
| INCOME & EXPENSE | |
| Loan Income | 3,662,991 |
| Investment Income | 1,480,928 |
| Other Income | 123,525 |
| Total Employee Compensation & Benefits | 1,487,739 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,237,981 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 1,853,981 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 700,615 |
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