Dec, 31, 2023 — ALLEGHENY VALLEY FEDERAL CREDIT UNION is a federal credit union headquartered in PITTSBURGH, PA with 1 branch location and about $11.19 million in total assets. Opened 83 years ago in 1941, ALLEGHENY VALLEY FEDERAL CREDIT UNION has about 930 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ALLEGHENY VALLEY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 250 William Pitt Way PITTSBURGH, PA 15238 |
| Phone: | (412) 826-5248 |
| Fax: | (412) 826-3949 |
| Website: | https://www.alleghenyvalleyfcu.com |
| Branches: | 1 branch locations |
| Members: | 930 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4756 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1941 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $11,186,409 |
| CEO/Manager: | Theresa M King |
| Chairperson: | Judith A Cobler |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,312,491 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 544,531 |
| Other Loans | 2,175,215 |
| TOTAL LOANS | 2,719,746 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -37,442 |
| Land And Building | 0 |
| Other Fixed Assets | 25,151 |
| NCUSIF Deposit | 84,824 |
| All Other Assets | 0 |
| TOTAL ASSETS | 11,186,409 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 10,992 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,114,374 |
| Regular shares | 4,528,409 |
| All Other Shares & Deposits | 2,128,800 |
| TOTAL SHARES & DEPOSITS | 7,771,583 |
| TOTAL LIABILITIES | 7,782,575 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,403,834 |
| TOTAL EQUITY | 3,403,834 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 11,186,409 |
| INCOME & EXPENSE | |
| Loan Income | 129,707 |
| Investment Income | 180,905 |
| Other Income | 5,382 |
| Total Employee Compensation & Benefits | 146,058 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 132,141 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 14,449 |
| Cost of Funds | 62,205 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -24,764 |
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