Overview
What is Nova Credit Union?
Nova Credit Union is a nonprofit organization committed to serving its members. Its primary focus lies in offering affordable loan options, ensuring reasonable interest rates for its members. Additionally, the Credit Union accepts deposits with competitive interest rates, contributing to its members' financial well-being. By providing these financial services, Nova Credit Union aims to contribute positively to the financial lives of its members.
Official website here: www.novacu.com
Is Nova Credit Union legitimate?
Nova Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Nova Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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Other Salaries and Wages: $3,040,262
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Official website here: www.novacu.com
What is the mission statement of Nova Credit Union?
Nova Credit Union is committed to fulfilling its mission, which primarily involves providing loans to its members. Throughout the year, the credit union demonstrates this commitment by offering reasonably priced loan options. Similarly, it accepts deposits at reasonable interest rates, ensuring financial benefits for its members. Essentially, the credit union aims to serve its members by striking a balance between affordable loan rates and competitive deposit interest rates.
Official website here: www.novacu.com
Who is the CEO of Nova Credit Union?
Michelle Mcgee is the Treasurer of Nova Credit Union.
Official website here: www.novacu.com
What is the revenue of Nova Credit Union?
Nova Credit Union's revenue in 2022 was $7,093,444.
Official website here: www.novacu.com
Who are the executives of Nova Credit Union and what are their salaries?
The average compensation at Nova Credit Union during 2022 was $53,338. There are 57 employees at Nova Credit Union.
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Official website here: www.novacu.com
Where can I find the form 990 for Nova Credit Union?
Nova Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.novacu.com
Learn more at the official website: www.novacu.com
Mission Statement of Nova Credit Union
Nova Credit Union, as a financial institution, is dedicated to fulfilling its mission. This mission primarily revolves around providing loans to its members. Throughout the year, the credit union demonstrates its commitment by offering competitive loan rates. Moreover, Nova Credit Union also accepts deposits at reasonable interest rates, thus catering to the financial needs of its members in a fair and equitable manner. In essence, Nova Credit Union functions as a reliable financial partner for its members, offering them affordable loan and deposit options.
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Impact
October, 2024
Nova Credit Union makes a significant impact in the Charlotte, NC community by providing essential financial services to its members. The organization is dedicated to offering loans at reasonable rates, allowing individuals and families access to the capital they need for various purposes, from purchasing a home to funding education or managing unexpected expenses.
By maintaining competitive interest rates on deposits, Nova encourages members to save, fostering financial security and stability within the community. This commitment to reasonable lending and saving practices not only supports individual members but also contributes to the overall economic well-being of the area. In essence, Nova Credit Union plays a vital role in promoting financial inclusivity and empowerment among its members, helping them achieve their personal and financial goals.
This information is meant to be a general summary of Nova Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $793,545
- Program Service Revenue: $6,299,899
- Gross Receipts: $7,093,444
Assets and Liabilities:
- Total Assets: $124,030,891
- Total Liabilities: $107,238,601
- Net Assets: $16,792,290
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$3,443,690
FEE INCOME
Revenue
$1,520,454
OTHER INCOME
Revenue
$1,335,755
Organization Details
Founding Year
1934
Phone
(704) 392-3418Principal Officer
Michelle Mcgee
Main Address
3601 MULBERRY CHURCH ROAD, CHARLOTTE, NC, 28208
Website
www.novacu.comNTEE Category
Code: W60 - Public benefit
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