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NOVO Rates & Review March 2026

Q: Is NOVO a safe place to deposit money?

Yes, NOVO is considered a safe financial institution. With a Texas Ratio of 0.54523442434395%, the institution's financial health is rated as excellent. Your accounts are federally insured by the NCUA (National Credit Union Administration) up to $250,000 per depositor, for each account ownership category.

Q: How many branches does NOVO operate?

NOVO currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Q: Is a member application needed to join NOVO?

Yes, to access services at NOVO, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Q: Is there a first-time homebuyer program?

Currently, NOVO does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, NOVO provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated: March 29, 2026

You can compare NOVO rates to other rates in our database, including 12-month share certificate rates currently at 0.30%, 6-month share certificate rates at 2.28% and 3-month share certificate rates at 2.00%. Savings rates are at 0.50% and money market rates are at 0.03%. Mortgage rates on 30-year fixed loans are around 6.13%. All these rates can be compared to NOVO rates. MonitorBankRates evaluates the financial stability of NOVO with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 0.55%. Rates were last updated on 03/29/2026.

NOVO money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at NOVO? Share your experience about NOVO by leaving a review below, or read customer reviews before you decide to use NOVO.

Overall Health & Safety Grade

A+

Exceptional Health Score: 100/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

0.55%

Excellent Lower than avg

Stock Exchange Bank, Caldwell, KS
Novo Federal Credit Union

2191 5th St Ste 202
Norco, CA 92860 1967

http://www.novocu.org

Current Rate Availability

We do not have NOVO rates right now, but we are constantly updating our database so check back often for updated rates.

Methodology & Data Sources

MonitorBankRates Star Rating

Our rating for NOVO is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.

Texas Ratio

We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation

We gather NOVO rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with NOVO's official website for the most current offers and terms.

Credit Union Profile & Overview

Credit Union Name NOVO

Website http://www.novocu.org

Address 2191 5th St Ste 202, Norco, CA 92860 1967

Phone 951-737-6262

Fax 951-737-1227

President Rodger Moore

CEO George San Martin

Full-Time Employees 5

Part-Time Employees 0

Branch Locations 1

ATM Locations 0

NCUA Insured ✓ Yes — Up to $250,000 per depositor

Financials

MonitorBankRates Star Rating

5.0 / 5.0 ★

Overall Health & Safety Grade

A+ (100/100)

Texas Ratio

0.55%

Return on Assets (ROA)

0.7911%

Return on Equity (ROE)

5.4631%

Non-Performing Loans Ratio (NPL)

0.12%

Total Assets

18,268,888

Total Amount of Shares and Deposits

16,971,673

Total Shares and Deposits < 1 Year

16,971,674

Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)

667,112

Total Uninsured Shares and Deposits > $250K (F+J)

667,112

Total Insured Shares and Deposits > $250K (item 17 less item K)

16,304,561

Total Interest Expense (Sum of items 6 8)

38,791

Share Certificates

Number of Accounts for Share Drafts

1,026

Number of Accounts for Regular Shares

2,854

Total Cash on Deposit (Amounts Deposited in Financial Institutions)

399,922

Total Liabilities

15,623,237

Source: NCUA — Last Updated 09/30/2025

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Frequently Asked Questions About NOVO

Is NOVO a safe place to deposit money?

Yes, NOVO is considered a safe financial institution. With a Texas Ratio of 0.54523442434395%, the institution's financial health is rated as excellent. Your accounts are federally insured by the NCUA (National Credit Union Administration) up to $250,000 per depositor, for each account ownership category.

How many branches does NOVO operate?

NOVO currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is a member application needed to join NOVO?

Yes, to access services at NOVO, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Is there a first-time homebuyer program?

Currently, NOVO does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, NOVO provides members with tools to manage their accounts and build a solid financial history.

Does NOVO offer online and mobile banking?

Most modern institutions like NOVO provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: http://www.novocu.org.