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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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