Dec, 31, 2023 — WEST BRANCH VALLEY FEDERAL CREDIT UNION is a federal credit union headquartered in WILLIAMSPORT, PA with 1 branch location and about $50.58 million in total assets. Opened 72 years ago in 1952, WEST BRANCH VALLEY FEDERAL CREDIT UNION has about 4,680 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: | WEST BRANCH VALLEY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1640 High St WILLIAMSPORT, PA 17701 |
| Phone: | (570) 323-9407 |
| Fax: | (570) 323-2154 |
| Website: | https://www.wbvfcu.org |
| Branches: | 1 branch locations |
| Members: | 4,680 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7821 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $50,580,587 |
| CEO/Manager: | Danna L Houseknecht |
| Chairperson: | John C Lauchle |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 213,739 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,904,276 |
| Unsecured Loans | 5,516,005 |
| Other Loans | 15,552,761 |
| TOTAL LOANS | 25,973,042 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -136,932 |
| Land And Building | 251,716 |
| Other Fixed Assets | 145,109 |
| NCUSIF Deposit | 485,419 |
| All Other Assets | 0 |
| TOTAL ASSETS | 50,580,587 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 5,917 |
| Notes & Interest Payable | 440,624 |
| Accounts Payable & Other Liabilities | 111,727 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,601,777 |
| Regular shares | 30,883,911 |
| All Other Shares & Deposits | 5,217,731 |
| TOTAL SHARES & DEPOSITS | 46,703,419 |
| TOTAL LIABILITIES | 47,261,687 |
| Regular Reserve | 0 |
| Other Reserves | -605,614 |
| Undivided Earnings | 3,924,514 |
| TOTAL EQUITY | 3,318,900 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 50,580,587 |
| INCOME & EXPENSE | |
| Loan Income | 1,181,884 |
| Investment Income | 448,453 |
| Other Income | 297,233 |
| Total Employee Compensation & Benefits | 931,114 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 960,694 |
| Non-operating Income & (Expense) | -71,230 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 150,486 |
| Cost of Funds | 150,512 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -33,339 |
| ↑ Back to Top | |