Credit union · NCUA insured
Novo Federal Credit Union
A $20.8M credit union headquartered in Norco, CA, with 2,323 members and 2 branches in California. Best rates: CDs 2.50% and savings 0.05% APY.
Novo Federal Credit Union Carrot Score
69
Carrot Score
Higher than 24% of U.S. banks and credit unions
#38 of 50 in Riverside, CA metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Novo Federal Credit Union
Novo Federal Credit Union is a member-owned financial cooperative based in Norco, California, serving members since 1963.
Originally established with $750 in assets, it serves individuals, families, and communities across Riverside and San Bernardino Counties in the Inland Empire.
- Headquarters
- 2191 5th St Ste 202, Norco, CA 92860-1967
- NCUA charter
- 15784
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Membership is open to anyone who lives, works, worships, or attends school in Chino, Chino Hills, Corona, Eastvale, Fontana, Jurupa Valley, Norco, Ontario, Rancho Cucamonga, Riverside, or their unincorporated areas.
Military, government and schools
- Membership includes correctional professionals/employees, first responders, public service employees/public servants, and retirees.
Family and household
- Immediate family members of eligible members are eligible to join.
Branches
2 branches in California
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California
2 branches
- Novo Federal Credit UnionMain office2191 5th St Ste 202, Norco, CA 92860Directions
- Novo Federal Credit Union2191 5th St Ste 202, Norco, CA 92860Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 13.23% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 0.43% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | 0.86% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $73 | $59 | — |
- CapitalNet worth ratio13.23%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late0.43%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets0.86%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$73Peers’ middle $59
Compared with the 2,478 credit unions with under $100 million in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Novo Federal Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.