2023-05-15T15:43:18-04:00 2022-12-31 570568919 CANTEY TILLER PIERCE & GREEN LLP PO BOX 862 CAMDEN SC 29021 990 2022-01-01 560602721 NOVA CREDIT UNION NOVA 7043923418 3601 MULBERRY CHURCH ROAD CHARLOTTE NC 28208 MICHELLE MCGEE PRESIDENT/CEO 7043923418 2023-05-12 MICHELLE MCGEE XXX-XX-XXXX false JANET M PIERCE P00498837 8034321436 2023-05-12 2022 2023-04-26 12:10:37Z MICHELLE MCGEE 7481 KATELYN COURT HARRISBURG NC 28075 7093444 false X WWW.NOVACU.COM X 1934 NC LOANS TO MEMBERS 9 9 57 0 0 6916645 6299899 592535 793545 0 7509180 7093444 0 0 2840947 3040262 0 0 3660385 2873384 6501332 5913646 1007848 1179798 129418151 124030891 110430010 107238601 18988141 16792290 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 false false false false false false false false false false false false false false false true 2470 0 false 57 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 MICHELLE MCGEE 7043923418 7481 KATELYN COURT HARRISBURG NC 28075 X KIM BOGGANS TREASURER X 0 0 0 LOLA BUMBARGER SECRETARY X 0 0 0 RITA ELLISON DIRECTOR X 0 0 0 JOHN GETER VICE CHAIRMA X 0 0 0 SHERRY GORDON BOARD MEMBER X 0 0 0 HUYLA JACKSON DIRECTOR X 0 0 0 LORI KAWULOK DIRECTOR X 0 0 0 PHILLIP KRIDEL CHAIRMAN X 0 0 0 ROY MONTAGUE DIRECTOR X 0 0 0 3 false false false LOAN INTEREST 522100 3443690 3443690 FEE INCOME 522100 1520454 1520454 OTHER INCOME 524298 1335755 1335755 6299899 793545 793545 7093444 7093444 3040262 2736236 304026 337349 337349 957440 957440 521527 521527 43323 43323 238315 238315 PROFORMA DEBT EXPENSE 1102313 1102313 LOAN SERVICING EXP 1042478 1042478 PROFESSIONAL & OUTSIDE SE 946549 851894 94655 PROVISION FOR LOAN LOSS 156958 156958 -2472868 -2472868 5913646 5514965 398681 0 2539499 2106766 22147874 10904950 44220 67823787 72770352 289827 241334 9478814 4763425 4778171 4715389 27191138 28397755 4647855 4850125 129418151 124030891 2182658 1213058 108247352 106025543 110430010 107238601 X 18988141 16792290 18988141 16792290 129418151 124030891 1179798 -3562440 186791 X false false 2234199 2234199 5721781 3401952 2319829 1510760 1358873 151887 12074 2600 9474 4715389 INVESTMENTS 1-3 YEARS 10340176 C INVESTMENTS 5-10 YEARS 9146492 C INVESTMENTS 3-5 YEARS 7083851 C INVESTMENTS OVER 10 YEARS 1827236 C 28397755 MEMBER SHARES 106025543 106025543 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.