NOVA Credit Union Profile

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NOVA

Charter #63425 | NCUA Region 2 | FISCU

Low-Income Designation: Yes

Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (704) 392-3418

Fax: (704) 409-2220

Founding Date: N/A

Website: https://www.novacu.com

Personnel & Operations

President: Kridel, Phillip

Manager: Hayes, Michelle

FT Employees: 44

PT Employees: 5

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 99

Branches: 5

Hours: 9:00 AM TO 5:00 PM

Credit Union Profile Summary

NOVA is a FISCU Credit Union. With a total of 11,038 members ^[1], this institution manages approximately $120,973,751 in total assets ^[1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 16.85% ^[1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at 6.06% ^[1].

Financial Snapshot

Total Assets ^[1]

$120,973,751

Total economic resources.

Total Loans ^[1]

$75,641,051

Total value of outstanding loans.

Total Deposits ^[1]

$100,259,698

Total funds deposited by members.

Members ^[1]

11,038

Number of active members.

Performance Ratios

Net Worth Ratio ^[1]

16.85%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) ^[1]

0.29%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio ^[1]

75.45%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) ^[1]

↑ 0.83%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) ^[1]

↑ 6.06%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) ^[1]

↓ -1.97%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

3601 MULBERRY CHURCH RD

CHARLOTTE, NC, 28208

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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

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Branch Locations

Found 5 branches reported by NOVA (Charter #63425).

Main Office

Nova Credit Union Main Office

Type: Corporate Office

3601 Mulberry Church Rd

Charlotte, NC 28208

Phone: (704) 392-3418

Services: Member Services, Drive-Thru

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Additional Branches

Concord