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.
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 |
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 |
↑ Back to Top |