Overview / Commentary
Nova UA Federal Credit Union is headquartered in Clifton and is the 20th largest credit union in the state of New Jersey. It is also the 1,517th largest credit union in the nation. It was established in 1960 and as of June of 2024, it had grown to 13 employees and 3,805 members at 2 locations. Nova UA Federal Credit Union has an A health rating.
Field of Membership Restrictions
Membership is open to those who live, work, worship or go to school in Passaic County, New Jersey.
See current membership details
Health
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 13439 |
| Year Chartered | 1960 |
| Employees | 13 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.34% |
| Return on Equity - YTD | 2.43% |
| Annual Interest Income | $3.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $145MM$141.7MM |
| Loans | Q2 2024vs Q2 2023 | $101.6MM$91.9MM |
| Deposits | Q2 2024vs Q2 2023 | $123.9MM$121.1MM |
| Equity Capital | Q2 2024vs Q2 2023 | $20.1MM$19.4MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $116K$170K |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $186K$1,000 |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |