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URW COMMUNITY FEDERAL CREDIT UNION

Dec, 31, 2023 — URW COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in DANVILLE, VA with 12 branch locations and about $226.74 million in total assets. Opened 54 years ago in 1970, URW COMMUNITY FEDERAL CREDIT UNION has about 34,713 members and employs 64 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: 251480482
Name:URW COMMUNITY FEDERAL CREDIT UNION
Address:
(Main Office)
314 Lowes Dr
DANVILLE, VA 24540-5927
Phone:(434) 793-1278
Fax:
Website:https://www.urwfcu.org
Branches:12 branch locations
Members:34,713
Credit Union Type:Federal Credit Union
Charter Number:19867
Membership Type:Community - Rural District
Corporate Credit Union:No
Year Opened:1970
Last Audited:Dec 01, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$226,744,813
CEO/Manager:Cheryl Doss
Chairperson:Charles E Phillips

Call Report

  • Payday Alternative Loans (PAL Loans)
  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 16,001,329
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 9,233,115
 Unsecured Loans 26,445,038
 Other Loans 155,146,049
 TOTAL LOANS 190,824,202
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,276,344
 Land And Building 5,380,896
 Other Fixed Assets 2,347,983
 NCUSIF Deposit 1,709,756
 All Other Assets 210,058
  TOTAL ASSETS 226,744,813
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 3,774,262
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 22,477,929
 Regular shares 68,701,301
 All Other Shares & Deposits 100,629,345
  TOTAL SHARES & DEPOSITS 191,808,575
  TOTAL LIABILITIES 195,582,837
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 31,161,976
  TOTAL EQUITY 31,161,976
  TOTAL LIABILITIES, SHARES, & EQUITY 226,744,813
INCOME & EXPENSE  
 Loan Income 15,582,606
 Investment Income 547,200
 Other Income 729,137
 Total Employee Compensation & Benefits 6,639,992
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 8,364,709
 Non-operating Income & (Expense) -246,115
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 986,256
 Cost of Funds 2,520,851
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,841,477
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