Dec, 31, 2023 — ROANOKE VALLEY COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in ROANOKE, VA with 4 branch locations and about $103.02 million in total assets. Opened 77 years ago in 1947, ROANOKE VALLEY COMMUNITY FEDERAL CREDIT UNION has about 9,424 members and employs 26 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ROANOKE VALLEY COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 723 5th St NE ROANOKE, VA 24016-2123 |
| Phone: | (540) 982-3931 |
| Fax: | (540) 982-3937 |
| Website: | https://www.rvccu.org |
| Branches: | 4 branch locations |
| Members: | 9,424 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5604 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1947 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $103,018,650 |
| CEO/Manager: | Pam Duke |
| Chairperson: | Thomas F Hard |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,186,845 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 23,194,604 |
| Unsecured Loans | 4,635,177 |
| Other Loans | 27,025,527 |
| TOTAL LOANS | 54,855,308 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -225,615 |
| Land And Building | 1,100,978 |
| Other Fixed Assets | 113,278 |
| NCUSIF Deposit | 865,135 |
| All Other Assets | 46,165 |
| TOTAL ASSETS | 103,018,650 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 237,653 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 21,243,551 |
| Regular shares | 51,539,182 |
| All Other Shares & Deposits | 16,417,283 |
| TOTAL SHARES & DEPOSITS | 89,200,016 |
| TOTAL LIABILITIES | 89,437,669 |
| Regular Reserve | 0 |
| Other Reserves | 1,543,968 |
| Undivided Earnings | 12,037,013 |
| TOTAL EQUITY | 13,580,981 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 103,018,650 |
| INCOME & EXPENSE | |
| Loan Income | 2,133,513 |
| Investment Income | 1,637,383 |
| Other Income | 616,521 |
| Total Employee Compensation & Benefits | 1,216,803 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,572,193 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 154,184 |
| Cost of Funds | 290,334 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,656,097 |
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