Civic Intelligence

State Chartered Credit Unions in North Carolina

990 • Fiscal year 2021 • EIN 56-0602721

Jan 01, 2021 to Dec 31, 2021 • Filed on May 03, 2022

Organization ProfileWWW.CPCUONLINE.COM

View Organization Page

3601 Mulberry Church RoadCharlotte, NC 28208

(704) 392-3418

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

17th percentile

0.85x

Higher debt load relative to assets than 17% of similar nonprofits.

2021 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2021

Liabilities / Revenue

14th percentile

14.71x

Higher debt load relative to revenue than 14% of similar nonprofits.

2021 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2021

Net Margin

49th percentile

13%

Higher net margin than 49% of similar nonprofits.

2021 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2021

Top Officer Pay

24th percentile

$157,308

Higher top officer pay than 24% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2021 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2021

Asset Growth

29th percentile

7.8%

Faster asset growth than 29% of similar nonprofits.

2021 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2020 to 2021

Revenue Growth

78th percentile

7.5%

Faster revenue growth than 78% of similar nonprofits.

2021 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$129,418,151

Up $9,346,971 (+7.8%) from 2020

Net Assets

Up

$18,988,141

Up $309,367 (+1.7%) from 2020

Liabilities

Up

$110,430,010

Up $9,037,604 (+8.9%) from 2020

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin49th percentile

Revenue

Up

$7,509,180

Up $526,001 (+7.5%) from 2020

Expenses

Down

$6,501,332

Down $1,385,009 (-18%) from 2020

Net Income

Up

$1,007,848

Up $1,911,010 (+212%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth29th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2010: $78,418,096Liabilities 2010: $68,262,816Net Assets 2010: $10,155,2802010Assets 2011: $78,064,757Liabilities 2011: $67,219,212Net Assets 2011: $10,845,5452011Assets 2012: $81,399,858Liabilities 2012: $70,377,045Net Assets 2012: $11,022,8132012Assets 2013: $83,445,814Liabilities 2013: $72,880,503Net Assets 2013: $10,565,3112013Assets 2014: $86,190,228Liabilities 2014: $75,330,243Net Assets 2014: $10,859,9852014Assets 2015: $85,791,596Liabilities 2015: $74,880,218Net Assets 2015: $10,911,3782015Assets 2016: $114,767,268Liabilities 2016: $97,527,713Net Assets 2016: $17,239,5552016Assets 2017: $111,964,445Liabilities 2017: $94,112,126Net Assets 2017: $17,852,3192017Assets 2018: $107,745,310Liabilities 2018: $89,782,942Net Assets 2018: $17,962,3682018Assets 2019: $106,297,179Liabilities 2019: $87,343,641Net Assets 2019: $18,953,5382019Assets 2020: $120,071,180Liabilities 2020: $101,392,406Net Assets 2020: $18,678,7742020Assets 2021: $129,418,151Liabilities 2021: $110,430,010Net Assets 2021: $18,988,1412021Assets 2022: $124,030,891Liabilities 2022: $107,238,601Net Assets 2022: $16,792,2902022Assets 2023: $120,556,862Liabilities 2023: $103,422,382Net Assets 2023: $17,134,4802023

Highlighted filing

2021

Assets$129,418,151
Liabilities$110,430,010
Net Assets$18,988,141
Open 2021 Filing

Operations Trend

Revenue Growth78th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $5,234,6832010Expenses 2011: $5,069,8592011Expenses 2012: $4,662,3322012Revenue 2013: $4,867,523Expenses 2013: $4,671,656Net Income 2013: $195,8672013Revenue 2014: $4,968,257Expenses 2014: $4,784,257Net Income 2014: $184,0002014Revenue 2015: $4,866,771Expenses 2015: $4,805,456Net Income 2015: $61,3152015Revenue 2016: $7,669,862Expenses 2016: $7,293,136Net Income 2016: $376,7262016Revenue 2017: $7,872,644Expenses 2017: $7,225,440Net Income 2017: $647,2042017Revenue 2018: $7,923,824Expenses 2018: $7,545,205Net Income 2018: $378,6192018Revenue 2019: $7,707,216Expenses 2019: $7,625,366Net Income 2019: $81,8502019Revenue 2020: $6,983,179Expenses 2020: $7,886,341Net Income 2020: -$903,1622020Revenue 2021: $7,509,180Expenses 2021: $6,501,332Net Income 2021: $1,007,8482021Revenue 2022: $7,093,444Expenses 2022: $5,913,646Net Income 2022: $1,179,7982022Revenue 2023: $7,295,637Expenses 2023: $7,115,677Net Income 2023: $179,9602023

Highlighted filing

2021

Revenue$7,509,180
Expenses$6,501,332
Net Income$1,007,848
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 3, 2022
Return Version
2021v4.0
Gross Receipts
$7,509,180
Mission and Program Overview

Mission

LOANS TO MEMBERS

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$65,959,269$67,823,787▲ $1,864,518
Investments Program Related$24,073,658$27,191,138▲ $3,117,480
Savings and Temporary Cash Investments$17,684,940$22,147,874▲ $4,462,934
Land, Buildings, and Equipment, Net$4,887,674$4,778,171▼ $109,503
Cash and Non-Interest-Bearing Accounts$2,655,473$2,539,499▼ $115,974
Prepaid Expenses and Deferred Charges$307,672$289,827▼ $17,845
Total Assets$120,071,180$129,418,151▲ $9,346,971
Other Assets Total$4,502,494$4,647,855▲ $145,361
Liabilities
Other Liabilities$101,176,215$108,247,352▲ $7,071,137
Accounts Payable and Accrued Expenses$216,191$2,182,658▲ $1,966,467
Total Liabilities$101,392,406$110,430,010▲ $9,037,604
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$18,678,774$18,988,141▲ $309,367
Total Net Assets Fund Balance$18,678,774$18,988,141▲ $309,367
Total Liabilities and Net Assets / Fund Balance$120,071,180$129,418,151▲ $9,346,971

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,474,802$3,971,663$6,446,465
Equipment$69,170$2,340,485$2,409,655
Land$2,234,199-$2,234,199
Other Land Buildings-$678,083$678,083
Investment Program Related Org$3,090,603--
Compensation and Service Providers
Top Officer Pay24th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joy WattsPresident/ CFT$157,308-$157,308
Joy WattsPresident/ CEO-$152,856$4,452$157,308

Board Members and Trustees

NameTitle
Phillip KridelChairman
John GeterVice Chairma
Sherry GordonBoard Member
Kim BoggansDirector
Lori KawulokDirector
Rita EllisonDirector
Roy MontagueDirector
Lola BumbargerSecretary
Huyla JacksonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$6,916,645
Investment Income
$592,535
Other Revenue
$0
Change in Net Assets
$1,007,848
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,660,385
Salaries, Compensation, and Employee Benefits$2,840,947
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,556,852$284,095-$2,840,947
Office Expenses$810,351--$810,351
Occupancy$629,894--$629,894
Advertising$216,736--$216,736
Interest$175,173--$175,173
Conferences and Meetings$71,032--$71,032
Other Expenses$4,730$105,844-$4,730
All Other Expenses$-391,500--$-391,500
Total Functional Expenses$6,111,393$389,939$0$6,501,332
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares$108,247,352
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

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.”

Filing and Contact Details

Filer

Filer Name
Nova Credit Union
EIN
56-0602721
Phone
7043923418
Address
3601 MULBERRY CHURCH ROAD, CHARLOTTE, NC 28208

Signing Officer

Name
Joy Watts
Title
President/ CEO
Phone
7043923418
Signed
2022-05-03

Organization Details

Principal Officer
Joy Watts
Formed
1934
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
66

Preparer

Firm
Cantey Tiller Pierce & Green Llp
Address
PO BOX 862, CAMDEN, SC 29021
Preparer
Janet M Pierce
Phone
8034321436
Supplemental Narrative

Additional Explanations

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.”

Raw XML Appendix370 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0216191
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt02182658
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0LOANS TO MEMBERS
IRS990/AdvertisingGrp/ProgramServicesAmt0216736
IRS990/AdvertisingGrp/TotalAmt0216736
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0-391500
IRS990/AllOtherExpensesGrp/TotalAmt0-391500
IRS990/AnnualDisclosureCoveredPrsnInd0false
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0NOVA CREDIT UNION
IRS990/BooksInCareOfDetail/PhoneNum07044092228
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03601 MULBERRY CHURCH ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0CHARLOTTE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd028208
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt02655473
IRS990/CashNonInterestBearingGrp/EOYAmt02539499
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt071032
IRS990/ConferencesMeetingsGrp/TotalAmt071032
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0592535
IRS990/CYOtherExpensesAmt03660385
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt06916645
IRS990/CYRevenuesLessExpensesAmt01007848
IRS990/CYSalariesCompEmpBnftPaidAmt02840947
IRS990/CYTotalExpensesAmt06501332
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt07509180
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0DURING 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.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt066
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/FamilyOrBusinessRlnInd0false
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0JOY WATTS
IRS990/Form990PartVIISectionAGrp/PersonNm1KIM BOGGANS
IRS990/Form990PartVIISectionAGrp/PersonNm2LOLA BUMBARGER
IRS990/Form990PartVIISectionAGrp/PersonNm3RITA ELLISON
IRS990/Form990PartVIISectionAGrp/PersonNm4JOHN GETER
IRS990/Form990PartVIISectionAGrp/PersonNm5SHERRY GORDON
IRS990/Form990PartVIISectionAGrp/PersonNm6HUYLA JACKSON
IRS990/Form990PartVIISectionAGrp/PersonNm7LORI KAWULOK
IRS990/Form990PartVIISectionAGrp/PersonNm8PHILLIP KRIDEL
IRS990/Form990PartVIISectionAGrp/PersonNm9ROY MONTAGUE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0157308
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT/ C
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01934
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt07509180
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InterestGrp/ProgramServicesAmt0175173
IRS990/InterestGrp/TotalAmt0175173
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0592535
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0592535
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsProgramRelatedGrp/BOYAmt024073658
IRS990/InvestmentsProgramRelatedGrp/EOYAmt027191138
IRS990/IRPDocumentCnt01859
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt06990231
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04887674
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04778171
IRS990/LandBldgEquipCostOrOtherBssAmt011768402
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0LOANS TO MEMBERS
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt018678774
IRS990/NetAssetsOrFundBalancesEOYAmt018988141
IRS990/NetUnrlzdGainsLossesInvstAmt0-698481
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt018678774
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt018988141
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0629894
IRS990/OccupancyGrp/TotalAmt0629894
IRS990/OfficeExpensesGrp/ProgramServicesAmt0810351
IRS990/OfficeExpensesGrp/TotalAmt0810351
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04502494
IRS990/OtherAssetsTotalGrp/EOYAmt04647855
IRS990/OtherExpensesGrp/Desc0PROFESSIONAL & OUTSIDE SE
IRS990/OtherExpensesGrp/Desc1LOAN SERVICING EXP
IRS990/OtherExpensesGrp/Desc2MISC OPERATION EXP
IRS990/OtherExpensesGrp/Desc3NON OPERATING EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0105844
IRS990/OtherExpensesGrp/ProgramServicesAmt0952598
IRS990/OtherExpensesGrp/ProgramServicesAmt1997009
IRS990/OtherExpensesGrp/ProgramServicesAmt288518
IRS990/OtherExpensesGrp/ProgramServicesAmt34730
IRS990/OtherExpensesGrp/TotalAmt01058442
IRS990/OtherExpensesGrp/TotalAmt1997009
IRS990/OtherExpensesGrp/TotalAmt288518
IRS990/OtherExpensesGrp/TotalAmt34730
IRS990/OtherLiabilitiesGrp/BOYAmt0101176215
IRS990/OtherLiabilitiesGrp/EOYAmt0108247352
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0284095
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02556852
IRS990/OtherSalariesAndWagesGrp/TotalAmt02840947
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt065959269
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt067823787
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0307672
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0289827
IRS990/PrincipalOfficerNm0JOY WATTS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2524298
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/Desc1OTHER INCOME
IRS990/ProgramServiceRevenueGrp/Desc2FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03686261
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11738061
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21492323
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03686261
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11738061
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21492323
IRS990/ProgSrvcAccomActyOtherGrp/Desc0DURING 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.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0657431
IRS990/PYOtherExpensesAmt04780711
IRS990/PYProgramServiceRevenueAmt06325748
IRS990/PYRevenuesLessExpensesAmt0-903162
IRS990/PYSalariesCompEmpBnftPaidAmt03105630
IRS990/PYTotalExpensesAmt07886341
IRS990/PYTotalRevenueAmt06983179
IRS990/ReconcilationRevenueExpnssAmt01007848
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/SavingsAndTempCashInvstGrp/BOYAmt017684940
IRS990/SavingsAndTempCashInvstGrp/EOYAmt022147874
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02474802
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03971663
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06446465
IRS990ScheduleD/EquipmentGrp/BookValueAmt069170
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02340485
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02409655
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt08882705
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt18408257
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt26809573
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt33090603
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENTS 3-5 YEARS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1INVESTMENTS 1-3 YEARS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2INVESTMENTS 5-10 YEARS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3INVESTMENTS OVER 10 YEARS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/LandGrp/BookValueAmt02234199
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02234199
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0678083
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0678083
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0108247352
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04778171
IRS990ScheduleD/TotalBookValueProgramRltdAmt027191138
IRS990ScheduleD/TotalLiabilityAmt0108247352
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0152856
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt04452
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JOY WATTS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/ CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0157308
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DURING 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AT THE CREDIT UNION'S ANNUAL MEETING, THE MEMBERSHIP ELECTS THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD OF DIRECTORS AND SUPERVISORY COMMITTEE MEMBER ARE SELECTED BY THE MEMBERS OF THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION REVIEWS THE FORM 990 TO ENSURE THAT THERE ARE NO OMISSIONS OR MISSTATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NEW CONFLICT OF INTEREST AGREEMENTS ARE SIGNED ANNUALLY. EMPLOYEE HANDBOOKS COVER CONFLICT OF INTEREST POLICIES AND PROCEDURES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE BOARD OF DIRECTORS APPROVES THE PRESIDENT'S ANNUAL SALARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE PRESIDENT APPROVES SALARIES FOR EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8GOVERNING 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.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0120071180
IRS990/TotalAssetsEOYAmt0129418151
IRS990/TotalAssetsGrp/BOYAmt0120071180
IRS990/TotalAssetsGrp/EOYAmt0129418151
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt066
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0389939
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt06111393
IRS990/TotalFunctionalExpensesGrp/TotalAmt06501332
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0101392406
IRS990/TotalLiabilitiesEOYAmt0110430010
IRS990/TotalLiabilitiesGrp/BOYAmt0101392406
IRS990/TotalLiabilitiesGrp/EOYAmt0110430010
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt018678774
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt018988141
IRS990/TotalProgramServiceRevenueAmt06916645
IRS990/TotalReportableCompFromOrgAmt0157308
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt07509180
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt07509180
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0120071180
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0129418151
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt07213 BERKSHIRE COURT
IRS990/USAddress/CityNm0DENVER
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028037
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.CPCUONLINE.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JOY WATTS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/ CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum07043923418
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NOVA CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0NOVA
ReturnHeader/Filer/EIN0560602721
ReturnHeader/Filer/PhoneNum07043923418
ReturnHeader/Filer/USAddress/AddressLine1Txt03601 MULBERRY CHURCH ROAD
ReturnHeader/Filer/USAddress/CityNm0CHARLOTTE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028208
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0570568919
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CANTEY TILLER PIERCE & GREEN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 862
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CAMDEN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd029021
ReturnHeader/PreparerPersonGrp/PhoneNum08034321436
ReturnHeader/PreparerPersonGrp/PreparationDt02022-05-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JANET M PIERCE
ReturnHeader/ReturnTs02022-05-09T10:48:32-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WATTS
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$129,418,151
Liabilities
$110,430,010
Net assets
$18,988,141
Revenue
$7,509,180
Expenses
$6,501,332
Net income
$1,007,848
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$121$103$17.1$7.30$7.12$0.18
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$124$107$16.8$7.09$5.91$1.18
2021Detailed filing. Detailed filing data is available for this year.$129$110$19.0$7.51$6.50$1.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$120$101$18.7$6.98$7.89$0.90
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$106$87.3$19.0$7.71$7.63$0.08
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$108$89.8$18.0$7.92$7.55$0.38
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$112$94.1$17.9$7.87$7.23$0.65
2016Summary only. Only limited summary data is available for this year.$115$97.5$17.2$7.67$7.29$0.38
2015Detailed filing. Detailed filing data is available for this year.$85.8$74.9$10.9$4.87$4.81$0.06
2014Detailed filing. Detailed filing data is available for this year.$86.2$75.3$10.9$4.97$4.78$0.18
2013Detailed filing. Detailed filing data is available for this year.$83.4$72.9$10.6$4.87$4.67$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$81.4$70.4$11.0$4.66
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$78.1$67.2$10.8$5.07
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$78.4$68.3$10.2$5.23
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2021 filings • 501(c)14 • $100M-$250M nonprofits