Dec, 31, 2023 — PIONEER VALLEY FEDERAL CREDIT UNION is a federal credit union headquartered in SPRINGFIELD, MA with 4 branch locations and about $155.69 million in total assets. Opened 101 years ago in 1923, PIONEER VALLEY FEDERAL CREDIT UNION has about 11,449 members and employs 29 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PIONEER VALLEY FEDERAL CREDIT UNION |
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Address: (Main Office) | 189 Brookdale Dr SPRINGFIELD, MA 01104 |
Phone: | (413) 733-2800 |
Fax: | |
Website: | https://www.pvcu.org |
Branches: | 4 branch locations |
Members: | 11,449 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24443 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1923 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $155,692,728 |
CEO/Manager: | Anabela P Grenier |
Chairperson: | Shane Newell |
ASSETS: | $ Amount |
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Cash & Equivalents | 6,739,120 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 72,473,856 |
Unsecured Loans | 22,026,348 |
Other Loans | 32,025,048 |
TOTAL LOANS | 126,525,253 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -744,366 |
Land And Building | 1,793,008 |
Other Fixed Assets | 432,195 |
NCUSIF Deposit | 1,164,138 |
All Other Assets | 18,311 |
TOTAL ASSETS | 155,692,728 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 10,000,000 |
Accounts Payable & Other Liabilities | 2,032,623 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 15,489,347 |
Regular shares | 23,583,405 |
All Other Shares & Deposits | 87,257,531 |
TOTAL SHARES & DEPOSITS | 126,330,283 |
TOTAL LIABILITIES | 138,362,906 |
Regular Reserve | 0 |
Other Reserves | 141,487 |
Undivided Earnings | 17,188,335 |
TOTAL EQUITY | 17,329,822 |
TOTAL LIABILITIES, SHARES, & EQUITY | 155,692,728 |
INCOME & EXPENSE | |
Loan Income | 6,446,599 |
Investment Income | 769,480 |
Other Income | 1,923,231 |
Total Employee Compensation & Benefits | 2,736,588 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,840,478 |
Non-operating Income & (Expense) | -691 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 822,800 |
Cost of Funds | 2,999,697 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 839,135 |
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