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1ST VALLEY CREDIT UNION

Dec, 31, 2023 — 1ST VALLEY CREDIT UNION is a federally insured state chartered credit union headquartered in SAN BERNARDINO, CA with 1 branch location and about $49.45 million in total assets. Opened 73 years ago in 1951, 1ST VALLEY CREDIT UNION has about 2,888 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:1ST VALLEY CREDIT UNION
Address:
(Main Office)
401 W 2nd St
SAN BERNARDINO, CA 92401-1525
Phone:(909) 889-0838
Fax:(909) 889-7973
Website:https://www.1stvalleycu.com
Branches:1 branch locations
Members:2,888
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:68027
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1951
Last Audited:Sep 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$49,454,196
CEO/Manager:Martha Ramos
Chairperson:Craig Scott

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,496,572
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 6,590,750
 Unsecured Loans 4,175,507
 Other Loans 12,779,427
 TOTAL LOANS 23,545,684
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,120,476
 Land And Building 566,759
 Other Fixed Assets 118,974
 NCUSIF Deposit 455,884
 All Other Assets 0
  TOTAL ASSETS 49,454,196
LIABILITIES & CAPITAL:  
 Dividends Payable 153
 Notes & Interest Payable 600,000
 Accounts Payable & Other Liabilities 378,352
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 10,205,317
 Regular shares 29,589,239
 All Other Shares & Deposits 10,434,557
  TOTAL SHARES & DEPOSITS 50,229,113
  TOTAL LIABILITIES 51,207,618
 Regular Reserve 0
 Other Reserves -4,454,643
 Undivided Earnings 2,701,221
  TOTAL EQUITY -1,753,422
  TOTAL LIABILITIES, SHARES, & EQUITY 49,454,196
INCOME & EXPENSE  
 Loan Income 1,341,183
 Investment Income 386,284
 Other Income 277,118
 Total Employee Compensation & Benefits 924,170
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 925,862
 Non-operating Income & (Expense) -30,395
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,181,546
 Cost of Funds 372,217
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -1,368,139
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