Dec, 31, 2023 — MINT VALLEY FEDERAL CREDIT UNION is a federal credit union headquartered in LONGVIEW, WA with 1 branch location and about $21.94 million in total assets. Opened 88 years ago in 1936, MINT VALLEY FEDERAL CREDIT UNION has about 2,050 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MINT VALLEY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3325 Washington Way LONGVIEW, WA 98632 |
| Phone: | (360) 425-5444 |
| Fax: | (360) 501-6662 |
| Website: | https://www.mintvalleyfcu.org |
| Branches: | 1 branch locations |
| Members: | 2,050 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1827 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $21,937,707 |
| CEO/Manager: | Dori M Harvel |
| Chairperson: | Andre' K Lindberg |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,113,213 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 565,817 |
| Unsecured Loans | 1,232,800 |
| Other Loans | 13,339,348 |
| TOTAL LOANS | 15,137,965 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -159,560 |
| Land And Building | 51,406 |
| Other Fixed Assets | 16,189 |
| NCUSIF Deposit | 206,142 |
| All Other Assets | 0 |
| TOTAL ASSETS | 21,937,707 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 159,255 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,172,887 |
| Regular shares | 10,461,620 |
| All Other Shares & Deposits | 4,561,078 |
| TOTAL SHARES & DEPOSITS | 18,195,585 |
| TOTAL LIABILITIES | 18,354,840 |
| Regular Reserve | 0 |
| Other Reserves | 609,825 |
| Undivided Earnings | 2,973,042 |
| TOTAL EQUITY | 3,582,867 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 21,937,707 |
| INCOME & EXPENSE | |
| Loan Income | 965,230 |
| Investment Income | 294,602 |
| Other Income | 98,468 |
| Total Employee Compensation & Benefits | 539,108 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 633,646 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 96,965 |
| Cost of Funds | 48,558 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 182,797 |
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