Dec, 31, 2023 — MAHONING VALLEY FEDERAL CREDIT UNION is a federal credit union headquartered in YOUNGSTOWN, OH with 1 branch location and about $669,259 in total assets. Opened 63 years ago in 1961, MAHONING VALLEY FEDERAL CREDIT UNION has about 213 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MAHONING VALLEY FEDERAL CREDIT UNION |
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Address: (Main Office) | 15 Colonial Dr Ste 14 YOUNGSTOWN, OH 44505-2164 |
Phone: | (330) 759-9570 |
Fax: | |
Website: | https://www.mahoningvalleyfcu.com |
Branches: | 1 branch locations |
Members: | 213 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14469 |
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Membership Type: | Service - Health Care |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $669,259 |
CEO/Manager: | joan bulmer |
Chairperson: | Linda Salter |
ASSETS: | $ Amount |
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Cash & Equivalents | 156,647 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 92,048 |
Other Loans | 194,578 |
TOTAL LOANS | 286,627 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | 1,664 |
Land And Building | 0 |
Other Fixed Assets | 309 |
NCUSIF Deposit | 5,864 |
All Other Assets | 0 |
TOTAL ASSETS | 669,259 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,987 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 526,944 |
All Other Shares & Deposits | 4,117 |
TOTAL SHARES & DEPOSITS | 531,061 |
TOTAL LIABILITIES | 534,048 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 135,211 |
TOTAL EQUITY | 135,211 |
TOTAL LIABILITIES, SHARES, & EQUITY | 669,259 |
INCOME & EXPENSE | |
Loan Income | 28,737 |
Investment Income | 5,649 |
Other Income | 5,136 |
Total Employee Compensation & Benefits | 26,109 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 30,744 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -375 |
Cost of Funds | 764 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -17,636 |
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