Dec, 31, 2023 — VALLEY CREDIT UNION is a federally insured state chartered credit union headquartered in TUSCUMBIA, AL with 6 branch locations and about $102.03 million in total assets. Opened 68 years ago in 1956, VALLEY CREDIT UNION has about 5,790 members and employs 33 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | VALLEY CREDIT UNION |
|---|---|
| Address: (Main Office) | 200 E 6TH ST TUSCUMBIA, AL 35674 |
| Phone: | (256) 381-4800 |
| Fax: | (256) 381-4831 |
| Website: | https://www.valleycreditunion.net |
| Branches: | 6 branch locations |
| Members: | 5,790 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60930 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $102,030,791 |
| CEO/Manager: | DAWN TRUITT |
| Chairperson: | ROBERT MULLEN |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,903,897 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 102,086 |
| Real Estate Loans | 16,267,727 |
| Unsecured Loans | 3,365,293 |
| Other Loans | 14,479,754 |
| TOTAL LOANS | 34,112,774 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -122,557 |
| Land And Building | 1,388,342 |
| Other Fixed Assets | 128,625 |
| NCUSIF Deposit | 846,348 |
| All Other Assets | 52,112 |
| TOTAL ASSETS | 102,030,791 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,232 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 247,180 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 15,883,671 |
| Regular shares | 27,448,261 |
| All Other Shares & Deposits | 46,373,656 |
| TOTAL SHARES & DEPOSITS | 89,705,588 |
| TOTAL LIABILITIES | 89,955,000 |
| Regular Reserve | 0 |
| Other Reserves | -1,280,871 |
| Undivided Earnings | 13,356,662 |
| TOTAL EQUITY | 12,075,791 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 102,030,791 |
| INCOME & EXPENSE | |
| Loan Income | 1,929,464 |
| Investment Income | 1,420,410 |
| Other Income | 796,804 |
| Total Employee Compensation & Benefits | 1,312,119 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,670,931 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,038 |
| Cost of Funds | 893,575 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 291,635 |
| ↑ Back to Top | |