Dec, 31, 2023 — RICHMOND VIRGINIA FIRE POLICE CREDI CREDIT UNION is a federally insured state chartered credit union headquartered in RICHMOND, VA with 1 branch location and about $20.00 million in total assets. Opened 95 years ago in 1929, RICHMOND VIRGINIA FIRE POLICE CREDI CREDIT UNION has about 1,758 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | RICHMOND VIRGINIA FIRE POLICE CREDI CREDIT UNION |
|---|---|
| Address: (Main Office) | 900 Hermitage Rd RICHMOND, VA 23220-2001 |
| Phone: | (804) 354-0673 |
| Fax: | (804) 354-0684 |
| Website: | https://www.firepolicecu.org |
| Branches: | 1 branch locations |
| Members: | 1,758 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66899 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1929 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $19,996,863 |
| CEO/Manager: | Iris S Ellis |
| Chairperson: | Robert Marland |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,464,788 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,356,640 |
| Unsecured Loans | 1,802,256 |
| Other Loans | 4,352,879 |
| TOTAL LOANS | 9,511,774 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -120,096 |
| Land And Building | 0 |
| Other Fixed Assets | 127,245 |
| NCUSIF Deposit | 186,121 |
| All Other Assets | 0 |
| TOTAL ASSETS | 19,996,863 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 104,620 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,230,912 |
| Regular shares | 12,571,247 |
| All Other Shares & Deposits | 2,595,726 |
| TOTAL SHARES & DEPOSITS | 17,397,885 |
| TOTAL LIABILITIES | 17,502,505 |
| Regular Reserve | 0 |
| Other Reserves | 832,267 |
| Undivided Earnings | 1,662,091 |
| TOTAL EQUITY | 2,494,358 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 19,996,863 |
| INCOME & EXPENSE | |
| Loan Income | 519,421 |
| Investment Income | 319,906 |
| Other Income | 156,670 |
| Total Employee Compensation & Benefits | 328,545 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 497,382 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,089 |
| Cost of Funds | 45,328 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 244,734 |
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