Dec, 31, 2023 — VALLEY CREDIT UNION is a federally insured state chartered credit union headquartered in TUSCUMBIA, AL with 6 branch locations and about $102.03 million in total assets. Opened 68 years ago in 1956, VALLEY CREDIT UNION has about 5,790 members and employs 33 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | VALLEY CREDIT UNION |
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Address: (Main Office) | 200 E 6TH ST TUSCUMBIA, AL 35674 |
Phone: | (256) 381-4800 |
Fax: | (256) 381-4831 |
Website: | https://www.valleycreditunion.net |
Branches: | 6 branch locations |
Members: | 5,790 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60930 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $102,030,791 |
CEO/Manager: | DAWN TRUITT |
Chairperson: | ROBERT MULLEN |
ASSETS: | $ Amount |
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Cash & Equivalents | 8,903,897 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 102,086 |
Real Estate Loans | 16,267,727 |
Unsecured Loans | 3,365,293 |
Other Loans | 14,479,754 |
TOTAL LOANS | 34,112,774 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -122,557 |
Land And Building | 1,388,342 |
Other Fixed Assets | 128,625 |
NCUSIF Deposit | 846,348 |
All Other Assets | 52,112 |
TOTAL ASSETS | 102,030,791 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 2,232 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 247,180 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 15,883,671 |
Regular shares | 27,448,261 |
All Other Shares & Deposits | 46,373,656 |
TOTAL SHARES & DEPOSITS | 89,705,588 |
TOTAL LIABILITIES | 89,955,000 |
Regular Reserve | 0 |
Other Reserves | -1,280,871 |
Undivided Earnings | 13,356,662 |
TOTAL EQUITY | 12,075,791 |
TOTAL LIABILITIES, SHARES, & EQUITY | 102,030,791 |
INCOME & EXPENSE | |
Loan Income | 1,929,464 |
Investment Income | 1,420,410 |
Other Income | 796,804 |
Total Employee Compensation & Benefits | 1,312,119 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,670,931 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,038 |
Cost of Funds | 893,575 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 291,635 |
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