Dec, 31, 2023 — PARADISE VALLEY FEDERAL CREDIT UNION is a federal credit union headquartered in NATIONAL CITY, CA with 2 branch locations and about $80.17 million in total assets. Opened 67 years ago in 1957, PARADISE VALLEY FEDERAL CREDIT UNION has about 4,447 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PARADISE VALLEY FEDERAL CREDIT UNION |
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Address: (Main Office) | 2700 E 4th St NATIONAL CITY, CA 91950-3006 |
Phone: | (800) 253-6991 |
Fax: | (619) 475-0998 |
Website: | https://www.paradisevalleyfcu.org |
Branches: | 2 branch locations |
Members: | 4,447 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 11953 |
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Membership Type: | Multiple common bond - Primarily faith based |
Corporate Credit Union: | No |
Year Opened: | 1957 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $80,172,370 |
CEO/Manager: | Gerald Schaffner |
Chairperson: | John Mendivil |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,680,691 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 32,282,819 |
Unsecured Loans | 1,357,527 |
Other Loans | 14,916,846 |
TOTAL LOANS | 48,557,191 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -164,668 |
Land And Building | 0 |
Other Fixed Assets | 111,406 |
NCUSIF Deposit | 694,357 |
All Other Assets | 0 |
TOTAL ASSETS | 80,172,370 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 77 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 789,327 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 20,396,331 |
Regular shares | 31,628,055 |
All Other Shares & Deposits | 20,312,051 |
TOTAL SHARES & DEPOSITS | 72,336,437 |
TOTAL LIABILITIES | 73,125,841 |
Regular Reserve | 0 |
Other Reserves | 3,244,628 |
Undivided Earnings | 3,801,901 |
TOTAL EQUITY | 7,046,529 |
TOTAL LIABILITIES, SHARES, & EQUITY | 80,172,370 |
INCOME & EXPENSE | |
Loan Income | 1,964,227 |
Investment Income | 613,726 |
Other Income | 156,996 |
Total Employee Compensation & Benefits | 1,301,768 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,488,503 |
Non-operating Income & (Expense) | -4,429 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 134,450 |
Cost of Funds | 414,985 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -361,774 |
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