Nova Credit Union
Charlotte, NC
- UEI
- XAVPTL582M53
- CAGE
- 7SQ39
- Primary NAICS
- Not on record
- SAM.gov registration
- Active through
Company facts
- Self-certified in SAM.gov
- Entity structure
- Corporate Entity (Tax Exempt)
- SAM.gov registration date
- Physical address
- 3601 Mulberry Church Rd, Charlotte, NC 28208, USA
- Website
- novacu.com
- Founded
- 1932
- Employees
- 11-50
- Estimated annual revenue
- $1M-$10M
- Industry
-
- Financials
- Banks
- Banking & Mortgages
- SIC code
- 60 Depository Institutions
Registration and certifications come from SAM.gov and the SBA; company details from public web sources. Updated .
Recent federal awards
| Award | Agency | Obligated | Awarded |
|---|---|---|---|
| Purpose: to promote economic revitalization and community development through investment in and financial assistance… | Community Development Financial Institutions Fund | $1,250,000 | |
| Purpose: to provide grants to community development financial institutions (cdfis) for the following purposes 1) to… | Community Development Financial Institutions Fund | $1,735,187 | |
| Purpose: to promote economic revitalization and community development through investment in and financial assistance… | Community Development Financial Institutions Fund | $560,000 | |
| Cdfi rapid response program award | Community Development Financial Institutions Fund | $1,826,265 |
About Nova Credit Union
Nova Credit Union is a not-for-profit corporate entity based in Charlotte, North Carolina, registered in the System for Award Management (SAM.gov) since January 2017. As a certified Community Development Financial Institution (CDFI), the organization focuses on providing financial services, loans, investments, and technical assistance to underserved communities, with a particular emphasis on economic revitalization and community development. The credit union specializes in serving low- and moderate-income areas, particularly those disproportionately impacted by the COVID-19 pandemic, and aims to increase financial access and facilitate economic self-determination for vulnerable populations.
Through multiple federal grant awards from the U.S. Department of the Treasury's Community Development Financial Institutions Fund, Nova Credit Union has received substantial funding across several targeted programs, including the CDFI Program, Equitable Recovery Program (ERP), and Rapid Response Program (RRP). These grants, totaling approximately $5.345 million between 2021 and 2024, have enabled the credit union to expand lending, grant-making, and investment activities in economically challenged communities. The federal funding supports Nova Credit Union's efforts to create jobs, build businesses, and foster economic development through strategic financial products and services. Each grant has specific objectives, ranging from pandemic economic recovery to organizational capacity building, technology acquisition, and providing capital to minority borrowers and communities with significant unmet financial service needs. The grants consistently demonstrate a commitment to addressing economic disparities and promoting financial inclusion through targeted, community-focused financial interventions.
Quick answers
What is Nova Credit Union's UEI?
Nova Credit Union's Unique Entity ID (UEI) in SAM.gov is XAVPTL582M53.
What is Nova Credit Union's CAGE code?
Nova Credit Union's CAGE code is 7SQ39.
Where is Nova Credit Union located?
Nova Credit Union's physical address in SAM.gov is 3601 Mulberry Church Rd, Charlotte, NC 28208, USA.
Is Nova Credit Union registered in SAM.gov?
Yes. Nova Credit Union's SAM.gov registration is active through February 23, 2027.
What is Nova Credit Union's most recent federal award?
Nova Credit Union's most recent federal grant award is Purpose: to promote economic revitalization and community development through investment in and financial assistance… (231FA064470G), from Community Development Financial Institutions Fund, on September 26, 2024.
On GovTribe
See Nova Credit Union's full federal record
- Federal grant awards
- Funding analysis by agency, NAICS and set-aside
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