Celebrating 65 Years of Service

To read more about the annual meeting or view other topics like The Chairman’s Report, Nova UA FCU’s 2024 financial position, and statement of income and expenses for 2024, click here.

Nova UA Federal Credit Union 65th Annual Meeting

The Nova UA Federal Credit Union held its 65th annual meeting on March 16, 2025, at the Ukrainian Center, 240 Hope Avenue, Passaic, NJ.

Prior to the start of the meeting, prayers were offered by Fr. Andriy Dudkevych and Fr. Oleksii Holchuk.

A moment of silence was observed in memory of our 2024 Deceased Members.

• Minutes from the prior annual meeting were read and approved.
• Reports were presented by the Chairman, Treasurer (Financial), CEO and Supervisory Committee.
• Board members George Oliarnyk and Pawlo Figol were re-elected for the next term.

In 2024, Nova UA FCU continued to meet the financial needs of our members and achieved strong financial results.  Despite the challenging economic environment, our credit union remains in an extremely strong capitalized position, well positioned for growth and advancement.  Our financial results are available on our website.  Key results include net earnings of $389,678 and loan growth of 5.0% with the total amount of loans increasing to more than $101 million.

After the meeting, the Board convened to define the Board roles and responsibilities for the current year.  The Board unanimously approved the following positions:

Chairman:               George Oliarnyk

Vice Chairman:       Dr. Michael Lewko

Treasurer:               Nicholas Kosciolek

Secretary:               Pawlo Figol

Member:                 Walter Voinov