Dec, 31, 2023 — TONAWANDA VALLEY FEDERAL CREDIT UNION is a federal credit union headquartered in BATAVIA, NY with 1 branch location and about $150.69 million in total assets. Opened 49 years ago in 1975, TONAWANDA VALLEY FEDERAL CREDIT UNION has about 13,013 members and employs 37 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | TONAWANDA VALLEY FEDERAL CREDIT UNION |
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Address: (Main Office) | 10 Jefferson Square Ave BATAVIA, NY 14020 |
Phone: | (585) 343-5627 |
Fax: | (585) 344-2383 |
Website: | https://tvfcubatavia.com |
Branches: | 1 branch locations |
Members: | 13,013 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 22167 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1975 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $150,693,069 |
CEO/Manager: | Kristine B Duran |
Chairperson: | Leslie Strollo |
ASSETS: | $ Amount |
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Cash & Equivalents | 9,205,177 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 39,440,849 |
Unsecured Loans | 8,535,482 |
Other Loans | 36,566,607 |
TOTAL LOANS | 84,542,938 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -279,421 |
Land And Building | 627,802 |
Other Fixed Assets | 201,521 |
NCUSIF Deposit | 1,439,744 |
All Other Assets | 0 |
TOTAL ASSETS | 150,693,069 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,187,001 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 26,839,562 |
Regular shares | 106,299,845 |
All Other Shares & Deposits | 2,751,999 |
TOTAL SHARES & DEPOSITS | 135,891,406 |
TOTAL LIABILITIES | 137,078,407 |
Regular Reserve | 0 |
Other Reserves | 1,241,982 |
Undivided Earnings | 12,372,680 |
TOTAL EQUITY | 13,614,662 |
TOTAL LIABILITIES, SHARES, & EQUITY | 150,693,069 |
INCOME & EXPENSE | |
Loan Income | 2,773,765 |
Investment Income | 1,379,054 |
Other Income | 542,218 |
Total Employee Compensation & Benefits | 2,140,756 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,193,038 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 125,536 |
Cost of Funds | 66,999 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,126,811 |
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