Dec, 31, 2023 — VALLEY CREDIT UNION is a federally insured state chartered credit union headquartered in SALEM, OR with 1 branch location and about $109.48 million in total assets. Opened 67 years ago in 1957, VALLEY CREDIT UNION has about 6,016 members and employs 18 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 CREDIT UNION |
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Address: (Main Office) | 2096 Mission St Se SALEM, OR 97302 |
Phone: | (503) 364-7999 |
Fax: | (503) 589-6219 |
Website: | https://www.valleycu.org/ |
Branches: | 1 branch locations |
Members: | 6,016 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 64169 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1957 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $109,481,799 |
CEO/Manager: | Pat Force |
Chairperson: | Rob Kansky |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,655,962 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 34,887,651 |
Unsecured Loans | 9,247,334 |
Other Loans | 42,205,297 |
TOTAL LOANS | 86,764,797 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -883,512 |
Land And Building | 1,633,955 |
Other Fixed Assets | 167,565 |
NCUSIF Deposit | 843,004 |
All Other Assets | 29,967 |
TOTAL ASSETS | 109,481,799 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 3,545,067 |
Accounts Payable & Other Liabilities | 695,318 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 18,538,963 |
Regular shares | 24,285,456 |
All Other Shares & Deposits | 49,713,487 |
TOTAL SHARES & DEPOSITS | 92,537,906 |
TOTAL LIABILITIES | 96,778,291 |
Regular Reserve | 0 |
Other Reserves | -1,173,675 |
Undivided Earnings | 13,877,183 |
TOTAL EQUITY | 12,703,508 |
TOTAL LIABILITIES, SHARES, & EQUITY | 109,481,799 |
INCOME & EXPENSE | |
Loan Income | 5,103,555 |
Investment Income | 364,943 |
Other Income | 386,968 |
Total Employee Compensation & Benefits | 1,878,137 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,850,391 |
Non-operating Income & (Expense) | 6,981 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 710,186 |
Cost of Funds | 1,315,582 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 807,441 |
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