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EIN 56-0602721

Nova Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
57
City
Charlotte
State
North Carolina
Year formed
1934
Most recent tax filings
2022-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
Nova Credit Union fulfills its mission of providing loans to members. Throughout the year, the Credit Union serves its members by offering reasonable loan rates and accepting deposits at reasonable interest rates.
Related structure
Nova Credit Union is child organization, under the parent exemption from State Chartered Credit Unions in North Carolina.
Also known as...
State Chartered Credit Unions in North Carolina
Total revenues
$7,093,444
2022
Total expenses
$5,913,646
2022
Total assets
$124,030,891
2022
Num. employees
57
2022

Program areas at Nova Credit Union

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.

Personnel at Nova Credit Union

NameTitleCompensation
Joy Watts7213 Berkshire CT Denver NC / President and Chief Executive Officer / 7213 Berkshire CT Denver NC / Manager and Chief Executive Officer / 7213 Berkshire CT Denver NC$157,308
Michelle McGeePresident and Chief Executive Officer$0

Financials for Nova Credit Union

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$6,299,899
Investment income and dividends$793,545
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$7,093,444

Form 990s for Nova Credit Union

Fiscal year endingDate received by IRSFormPDF link
2022-122023-05-15990View PDF
2021-122022-05-09990View PDF
2020-122021-05-14990View PDF
2019-122020-10-07990View PDF
2018-122019-10-12990View PDF
...and 8 more Form 990s
Data update history
July 5, 2023
Posted financials
Added Form 990 for fiscal year 2022
May 16, 2023
Updated personnel
Identified 1 new personnel
February 4, 2023
Posted financials
Added Form 990 for fiscal year 2020
August 21, 2021
Posted financials
Added Form 990 for fiscal year 2019
November 6, 2020
Updated personnel
Identified 1 new personnel
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local level
General information
Address
3601 Mulberry Church Rd
Charlotte, NC 28208
Metro area
Charlotte-Concord-Gastonia, NC-SC
County
Mecklenburg County, NC
Website URL
novacu.com/ 
Phone
(704) 392-3418
IRS details
EIN
56-0602721
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1934
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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