Dec, 31, 2023 — MONTGOMERY VA FEDERAL CREDIT UNION is a federal credit union headquartered in MONTGOMERY, AL with 1 branch location and about $7.20 million in total assets. Opened 78 years ago in 1946, MONTGOMERY VA FEDERAL CREDIT UNION has about 839 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MONTGOMERY VA FEDERAL CREDIT UNION |
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Address: (Main Office) | 345 PERRY HILL RD MONTGOMERY, AL 36109 |
Phone: | (334) 272-7790 |
Fax: | (334) 272-7408 |
Website: | https://www.mvafcu.org |
Branches: | 1 branch locations |
Members: | 839 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 5345 |
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Membership Type: | Multiple common bond - Primarily health care |
Corporate Credit Union: | No |
Year Opened: | 1946 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $7,204,691 |
CEO/Manager: | WENDY P BOLTON |
Chairperson: | WILLIAM L GLASS |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,263,462 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 258,755 |
Other Loans | 2,000,699 |
TOTAL LOANS | 2,259,454 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -13,394 |
Land And Building | 40,115 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 62,434 |
All Other Assets | 0 |
TOTAL ASSETS | 7,204,691 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 14 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 59,883 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,142,928 |
Regular shares | 5,015,093 |
All Other Shares & Deposits | 172,793 |
TOTAL SHARES & DEPOSITS | 6,330,814 |
TOTAL LIABILITIES | 6,390,711 |
Regular Reserve | 0 |
Other Reserves | 57,917 |
Undivided Earnings | 756,063 |
TOTAL EQUITY | 813,980 |
TOTAL LIABILITIES, SHARES, & EQUITY | 7,204,691 |
INCOME & EXPENSE | |
Loan Income | 143,911 |
Investment Income | 84,774 |
Other Income | 33,238 |
Total Employee Compensation & Benefits | 124,094 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 167,184 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 16,869 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -38,762 |
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