Dec, 31, 2023 — INLAND VALLEY FEDERAL CREDIT UNION is a federal credit union headquartered in FONTANA, CA with 1 branch location and about $52.87 million in total assets. Opened 76 years ago in 1948, INLAND VALLEY FEDERAL CREDIT UNION has about 3,559 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | INLAND VALLEY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 9389 Cherry Ave FONTANA, CA 92335 |
| Phone: | (909) 822-1810 |
| Fax: | (909) 357-3005 |
| Website: | https://www.inlandvalleyfcu.com |
| Branches: | 1 branch locations |
| Members: | 3,559 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5684 |
|---|---|
| Membership Type: | Multiple common bond - Primarily primary and fabricated metals |
| Corporate Credit Union: | No |
| Year Opened: | 1948 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $52,874,214 |
| CEO/Manager: | charles j papenfus |
| Chairperson: | Chris Krueger |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,434,005 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 5,650,410 |
| Unsecured Loans | 2,312,418 |
| Other Loans | 7,786,814 |
| TOTAL LOANS | 15,749,642 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -192,603 |
| Land And Building | 1,005,629 |
| Other Fixed Assets | 3,056 |
| NCUSIF Deposit | 446,158 |
| All Other Assets | 0 |
| TOTAL ASSETS | 52,874,214 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 56,070 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,969,419 |
| Regular shares | 26,472,289 |
| All Other Shares & Deposits | 11,943,187 |
| TOTAL SHARES & DEPOSITS | 48,384,895 |
| TOTAL LIABILITIES | 48,440,965 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 4,433,249 |
| TOTAL EQUITY | 4,433,249 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 52,874,214 |
| INCOME & EXPENSE | |
| Loan Income | 838,608 |
| Investment Income | 949,402 |
| Other Income | 533,213 |
| Total Employee Compensation & Benefits | 797,742 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,018,147 |
| Non-operating Income & (Expense) | -27,329 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 162,934 |
| Cost of Funds | 184,264 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 168,531 |
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