Dec, 31, 2023 — VALLEY ONE COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in STEUBENVILLE, OH with 1 branch location and about $38.35 million in total assets. Opened 59 years ago in 1965, VALLEY ONE COMMUNITY FEDERAL CREDIT UNION has about 3,828 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | VALLEY ONE COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2990 Johnson Road STEUBENVILLE, OH 43952 |
| Phone: | (740) 264-1402 |
| Fax: | (740) 346-0135 |
| Website: | https://valleyonecfcu.com |
| Branches: | 1 branch locations |
| Members: | 3,828 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16756 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1965 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $38,351,680 |
| CEO/Manager: | David Sabol |
| Chairperson: | Joseph Diloretta |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,291,725 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 5,636,349 |
| Unsecured Loans | 829,023 |
| Other Loans | 2,942,699 |
| TOTAL LOANS | 9,408,071 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -79,773 |
| Land And Building | 513,340 |
| Other Fixed Assets | 8,571 |
| NCUSIF Deposit | 375,957 |
| All Other Assets | 0 |
| TOTAL ASSETS | 38,351,680 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,272 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 51,308 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,454,278 |
| Regular shares | 23,746,455 |
| All Other Shares & Deposits | 3,052,511 |
| TOTAL SHARES & DEPOSITS | 34,253,244 |
| TOTAL LIABILITIES | 34,306,824 |
| Regular Reserve | 0 |
| Other Reserves | 479,670 |
| Undivided Earnings | 3,565,186 |
| TOTAL EQUITY | 4,044,856 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 38,351,680 |
| INCOME & EXPENSE | |
| Loan Income | 459,427 |
| Investment Income | 541,546 |
| Other Income | 173,563 |
| Total Employee Compensation & Benefits | 476,651 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 448,197 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,946 |
| Cost of Funds | 59,582 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 233,056 |
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