Dec, 31, 2023 — BVA FEDERAL CREDIT UNION is a federal credit union headquartered in BELLE VERNON, PA with 1 branch location and about $35.49 million in total assets. Opened 60 years ago in 1964, BVA FEDERAL CREDIT UNION has about 2,315 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BVA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 608 Rostraver Rd BELLE VERNON, PA 15012-1941 |
| Phone: | (724) 930-9864 |
| Fax: | (724) 930-9865 |
| Website: | https://www.bvafcu.org |
| Branches: | 1 branch locations |
| Members: | 2,315 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16063 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1964 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $35,490,257 |
| CEO/Manager: | Lyn Sokol |
| Chairperson: | Ken Ramsdell |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,234,702 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 5,406,537 |
| Unsecured Loans | 1,131,878 |
| Other Loans | 4,850,158 |
| TOTAL LOANS | 11,388,573 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -346,348 |
| Land And Building | 796,162 |
| Other Fixed Assets | 31,775 |
| NCUSIF Deposit | 302,899 |
| All Other Assets | 0 |
| TOTAL ASSETS | 35,490,257 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 13,773 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 44,102 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,111,455 |
| Regular shares | 17,064,649 |
| All Other Shares & Deposits | 8,993,256 |
| TOTAL SHARES & DEPOSITS | 32,169,360 |
| TOTAL LIABILITIES | 32,227,235 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,263,022 |
| TOTAL EQUITY | 3,263,022 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 35,490,257 |
| INCOME & EXPENSE | |
| Loan Income | 522,523 |
| Investment Income | 438,835 |
| Other Income | 53,800 |
| Total Employee Compensation & Benefits | 398,233 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 484,337 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 16,784 |
| Cost of Funds | 115,539 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 44,221 |
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