Credit Unions Near Me
National Credit Union Service Organization

CENTRAL VIRGINIA FEDERAL CREDIT UNION

Dec, 31, 2023 — CENTRAL VIRGINIA FEDERAL CREDIT UNION is a federal credit union headquartered in LYNCHBURG, VA with 5 branch locations and about $197.14 million in total assets. Opened 48 years ago in 1976, CENTRAL VIRGINIA FEDERAL CREDIT UNION has about 13,604 members and employs 49 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 251484514
Name:CENTRAL VIRGINIA FEDERAL CREDIT UNION
Address:
(Main Office)
1638 Mount Athos Rd
LYNCHBURG, VA 24504-5429
Phone:(434) 528-9016
Fax:(434) 528-2647
Website:https://www.cvfcu.com
Branches:5 branch locations
Members:13,604
Credit Union Type:Federal Credit Union
Charter Number:22307
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1976
Last Audited:Dec 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$197,136,617
CEO/Manager:Roger Carson
Chairperson:William Perrow

Call Report

  • Credit Builder
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 14,529,782
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 48,221,644
 Unsecured Loans 20,256,901
 Other Loans 40,790,629
 TOTAL LOANS 109,269,174
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -931,283
 Land And Building 3,393,147
 Other Fixed Assets 1,485,481
 NCUSIF Deposit 1,813,440
 All Other Assets 0
  TOTAL ASSETS 197,136,617
LIABILITIES & CAPITAL:  
 Dividends Payable 4,882
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,812,908
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 43,421,005
 Regular shares 83,555,705
 All Other Shares & Deposits 50,602,085
  TOTAL SHARES & DEPOSITS 177,578,795
  TOTAL LIABILITIES 179,396,585
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 17,740,032
  TOTAL EQUITY 17,740,032
  TOTAL LIABILITIES, SHARES, & EQUITY 197,136,617
INCOME & EXPENSE  
 Loan Income 5,429,552
 Investment Income 2,191,505
 Other Income 1,519,985
 Total Employee Compensation & Benefits 3,142,614
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 4,088,997
 Non-operating Income & (Expense) 34,615
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 486,575
 Cost of Funds 643,374
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,041,823
↑ Back to Top

Other Credit Unions

GLAMORGAN EMPLOYEES FEDERAL CREDIT UNION
21 7th St
LYNCHBURG, VA 24504-1323
YOGAVILLE FEDERAL CREDIT UNION
1430 Woodland Church Rd
BUCKINGHAM, VA 23921-2234
STAR CITY FEDERAL CREDIT UNION
7635 Plantation Rd
ROANOKE, VA 24019
CRCH EMPLOYEES FEDERAL CREDIT UNION
109 Highland Ave SW
ROANOKE, VA 24016-4413
HIGH STREET BAPTIST CHURCH FEDERAL CREDIT UNION
2302 Florida Ave NW
ROANOKE, VA 24017
HALIFAX COUNTY COMMUNITY FEDERAL CREDIT UNION
1176 Huell Matthews Hwy
SOUTH BOSTON, VA 24592
LYNCHBURG MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION
3176 Fort Ave
LYNCHBURG, VA 24501
AUGUSTA HEALTH CARE CREDIT UNION
78 MEDICAL CENTER DR
FISHERSVILLE, VA 22939
KEMBA ROANOKE FEDERAL CREDIT UNION
2812 W MAIN ST
SALEM, VA 24153
BEACON CREDIT UNION, INC
107 Leroy Bowen Dr
LYNCHBURG, VA 24502