2024-05-13T12:01:08-04:00 2023-12-31 570568919 CANTEY TILLER PIERCE & GREEN LLP PO BOX 862 CAMDEN SC 29021 990 2023-01-01 560602721 NOVA CREDIT UNION NOVA 7043923418 3601 MULBERRY CHURCH ROAD CHARLOTTE NC 28208 MICHELLE HAYES PRESIDENT/CEO 7043923418 2024-05-09 MICHELLE HAYES XXX-XX-XXXX false JANET M PIERCE P00498837 8034321436 2024-05-09 2023 2023-04-26 12:10:37Z MICHELLE HAYES 7481 KATELYN COURT HARRISBURG NC 28075 7295637 false X WWW.NOVACU.COM X 1934 NC LOANS TO MEMBERS 9 9 53 0 0 6299899 6252697 793545 1042940 0 7093444 7295637 0 0 3040262 3022846 0 0 2873384 4092831 5913646 7115677 1179798 179960 124030891 120556862 107238601 103422382 16792290 17134480 X LOANS TO MEMBERS false false DURING THE YEAR, THE CREDIT UNION SERVED ITS MEMBERS BY PROVIDING LOANS AT REASONABLE RATES. IT ALSO ACCEPTED DEPOSITS AND PAID REASONABLE RATES OF INTEREST ON THOSE DEPOSITS. DURING THE YEAR, THE CREDIT UNION SERVED ITS MEMBERS BY PROVIDING LOANS AT REASONABLE RATES. IT ALSO ACCEPTED DEPOSITS AND PAID REASONABLE RATES OF INTEREST ON THOSE DEPOSITS. false false false false false false false false false true false true false true false false false false false false false false false false false false false false true false false false false false false false false false false false false false false true 2506 0 false 53 true false false false false false false false false X 9 9 false false false false true true true true true false false false true false true false true true true false X TULLY MARAGAKIS 7043923418 3601 MULBERRY CHURCH RD CHARLOTTE NC 28208 X MICHELLE HAYES PRESIDENT/CE 40.00 X 159575 0 0 KIM BOGGAN TREASURER 1.00 X 0 0 0 LOLA BUMBARGER SECRETARY 1.00 X 0 0 0 RITA ELLISON BOARD MEMBER 1.00 X 0 0 0 JOHN GETER VICE CHAIRMA 1.00 X 0 0 0 SHERRY GORDON BOARD MEMBER 1.00 X 0 0 0 HUYLA JACKSON BOARD MEMBER 1.00 X 0 0 0 LORI KAWULOK BOARD MEMBER 1.00 X 0 0 0 PHILLIP KRIDEL CHAIRMAN 1.00 X 0 0 0 ROY MONTAGUE BOARD MEMBER 1.00 X 0 0 0 159575 3 false true false LOAN INTEREST 522100 3654261 3654261 FEE INCOME 522100 1361418 1361418 OTHER INCOME 524298 1237018 1237018 6252697 1042940 1042940 7295637 7295637 3022846 2720561 302285 262812 262812 1242302 1242302 390495 390495 56096 56096 457689 457689 LOAN SERVICING EXP 829707 829707 PROFESSIONAL & OUTSIDE SE 688414 619573 68841 PROVISION FOR LOAN LOSS 351672 351672 MISC OPERATION EXP 47524 47524 -233880 -233880 7115677 6744551 371126 0 2106766 2353048 10904950 15556856 44220 72770352 69133717 241334 404480 9730045 4990095 4715389 4739950 28397755 23478446 4850125 4890365 124030891 120556862 1213058 2910879 106025543 100511503 107238601 103422382 X 16792290 17134480 16792290 17134480 124030891 120556862 X 179960 454855 -190000 -102625 X false false 2044199 2044199 5738609 3501190 2237419 1930037 1479655 450382 17200 9250 7950 4739950 INVESTMENTS 5-10 YEARS 8913222 C INVESTMENTS 1-3 YEARS 8471565 C INVESTMENTS 3-5 YEARS 4605955 C INVESTMENTS OVER 10 YEARS 1487704 C 23478446 MEMBER SHARES 100511503 100511503 false false false MICHELLE HAYES PRESIDENT/CEO 151852 7723 159575 FORM 990, PAGE 2, PART III, LINE 4D DURING THE YEAR, THE CREDIT UNION SERVED ITS MEMBERS BY PROVIDING LOANS AT REASONABLE RATES. IT ALSO ACCEPTED DEPOSITS AND PAID REASONABLE RATES OF INTEREST ON THOSE DEPOSITS. FORM 990, PAGE 6, PART VI, LINE 6 MEMBERS FORM 990, PAGE 6, PART VI, LINE 7A AT THE CREDIT UNION'S ANNUAL MEETING, THE MEMBERSHIP ELECTS THE BOARD OF DIRECTORS FORM 990, PAGE 6, PART VI, LINE 7B BOARD OF DIRECTORS AND SUPERVISORY COMMITTEE MEMBER ARE SELECTED BY THE MEMBERS OF THE CREDIT UNION. FORM 990, PAGE 6, PART VI, LINE 11B THE ORGANIZATION REVIEWS THE FORM 990 TO ENSURE THAT THERE ARE NO OMISSIONS OR MISSTATEMENTS. FORM 990, PAGE 6, PART VI, LINE 12C NEW CONFLICT OF INTEREST AGREEMENTS ARE SIGNED ANNUALLY. EMPLOYEE HANDBOOKS COVER CONFLICT OF INTEREST POLICIES AND PROCEDURES. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS APPROVES THE PRESIDENT'S ANNUAL SALARY. FORM 990, PAGE 6, PART VI, LINE 15B THE PRESIDENT APPROVES SALARIES FOR EMPLOYEES. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. PERSONS MAY COME INTO THE CREDIT UNION'S BRANCHES AND REQUEST A COPY OF ANY OF OUR GOVERNING DOCUMENTS. SOME DOCUMENTS ARE POSTED IN THE BRANCH LOBBIES. FORM 990, PART XI, LINE 9 ONE TIME CECL ADJUSTMENT -102,625