Novo
Novo is a credit union based in Norco, California, established in 1963, with $21 million in total assets serving 2,323 members. By Trust Grade it ranks 74th of 241 credit unions we track in California. Its net worth ratio of 13.1% trails most similarly sized credit unions (41th percentile), versus a California median of 11.1%. It was profitable over the most recent period, with a 0.42% return on assets. No consumer complaints against Novo appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Novo compares to California peers
How we graded Novo
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (13.1% capital ratio)
- Profitable (ROA 0.42%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Novo over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at Novo insured?
Yes. Novo is an NCUA-insured credit union. Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Novo: frequently asked questions
Is Novo a good credit union?
Novo earns a Bankzia Trust Grade of A (93/100, "Excellent"), based on a financial-strength score of 93/100 (it has no CFPB complaints on record). Strongly capitalized (13.1% capital ratio); Profitable (ROA 0.42%).
Is Novo NCUA-insured?
Yes. Novo is a NCUA-insured credit union. Deposits are protected up to the standard NCUA limit of $250,000 per depositor, per ownership category.
How big is Novo?
Novo holds $21 million in total assets, ranking 74th of 241 credit unions we track in California. It serves 2,323 members.
Does Novo have CFPB complaints?
No CFPB complaints against Novo appear in our data over the analysis window, which is typical for a credit union of this size.
Similar Credit Unions
Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
