Dec, 31, 2023 — GOLDEN VALLEY FEDERAL CREDIT UNION is a federal credit union headquartered in MANTECA, CA with 1 branch location and about $41.20 million in total assets. Opened 67 years ago in 1957, GOLDEN VALLEY FEDERAL CREDIT UNION has about 3,266 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | GOLDEN VALLEY FEDERAL CREDIT UNION |
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Address: (Main Office) | 409 W Center St MANTECA, CA 95336 |
Phone: | (209) 825-5878 |
Fax: | (209) 825-8162 |
Website: | https://www.goldenvalleyfcu.org |
Branches: | 1 branch locations |
Members: | 3,266 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 11652 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1957 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $41,201,527 |
CEO/Manager: | Joann Wenk |
Chairperson: | Michael Edward |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,618,058 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 7,810,586 |
Unsecured Loans | 2,082,927 |
Other Loans | 14,386,273 |
TOTAL LOANS | 24,279,786 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -121,960 |
Land And Building | 1,006,815 |
Other Fixed Assets | 533,144 |
NCUSIF Deposit | 357,811 |
All Other Assets | 0 |
TOTAL ASSETS | 41,201,527 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 195,773 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 7,859,610 |
Regular shares | 21,495,168 |
All Other Shares & Deposits | 7,635,604 |
TOTAL SHARES & DEPOSITS | 36,990,381 |
TOTAL LIABILITIES | 37,186,154 |
Regular Reserve | 0 |
Other Reserves | 538,057 |
Undivided Earnings | 3,477,316 |
TOTAL EQUITY | 4,015,373 |
TOTAL LIABILITIES, SHARES, & EQUITY | 41,201,527 |
INCOME & EXPENSE | |
Loan Income | 1,119,813 |
Investment Income | 199,032 |
Other Income | 20,557 |
Total Employee Compensation & Benefits | 525,293 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 539,000 |
Non-operating Income & (Expense) | 4 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 133,225 |
Cost of Funds | 188,563 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 312,021 |
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