Dec, 31, 2023 — VALLEY WIDE FEDERAL CREDIT UNION is a federal credit union headquartered in VERNAL, UT with 1 branch location and about $498,695 in total assets. Opened 63 years ago in 1961, VALLEY WIDE FEDERAL CREDIT UNION has about 167 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | VALLEY WIDE FEDERAL CREDIT UNION |
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Address: (Main Office) | 1330 E Highway 40 VERNAL, UT 84078 |
Phone: | (435) 789-6918 |
Fax: | (435) 789-5596 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 167 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14657 |
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Membership Type: | Multiple common bond - Primarily other manufacturing |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Nov 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $498,695 |
CEO/Manager: | Monica Marchant |
Chairperson: | Lane Webb |
ASSETS: | $ Amount |
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Cash & Equivalents | 234,796 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 6,616 |
Other Loans | 252,880 |
TOTAL LOANS | 259,496 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -631 |
Land And Building | 0 |
Other Fixed Assets | 127 |
NCUSIF Deposit | 3,840 |
All Other Assets | 0 |
TOTAL ASSETS | 498,695 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,819 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 371,426 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 371,426 |
TOTAL LIABILITIES | 374,245 |
Regular Reserve | 0 |
Other Reserves | 18,864 |
Undivided Earnings | 105,586 |
TOTAL EQUITY | 124,450 |
TOTAL LIABILITIES, SHARES, & EQUITY | 498,695 |
INCOME & EXPENSE | |
Loan Income | 18,237 |
Investment Income | 6,108 |
Other Income | 1,565 |
Total Employee Compensation & Benefits | 11,659 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 5,403 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 848 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 8,000 |
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