Dec, 31, 2023 — VALLEY OAK CREDIT UNION is a federally insured state chartered credit union headquartered in THREE RIVERS, CA with 4 branch locations and about $78.28 million in total assets. Opened 80 years ago in 1944, VALLEY OAK CREDIT UNION has about 6,021 members and employs 20 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 OAK CREDIT UNION |
|---|---|
| Address: (Main Office) | 40870 Sierra Dr THREE RIVERS, CA 93271-9696 |
| Phone: | (559) 561-1420 |
| Fax: | (559) 561-3170 |
| Website: | https://www.valleyoak.org |
| Branches: | 4 branch locations |
| Members: | 6,021 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64122 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1944 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $78,284,383 |
| CEO/Manager: | Alan Cortum |
| Chairperson: | Sandra G Stryd |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,098,699 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 413,250 |
| Real Estate Loans | 13,545,579 |
| Unsecured Loans | 9,080,857 |
| Other Loans | 35,079,042 |
| TOTAL LOANS | 57,705,478 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -429,015 |
| Land And Building | 6,847,963 |
| Other Fixed Assets | 278,673 |
| NCUSIF Deposit | 679,253 |
| All Other Assets | 59,540 |
| TOTAL ASSETS | 78,284,383 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 5,256,904 |
| Accounts Payable & Other Liabilities | 751,941 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 15,669,287 |
| Regular shares | 29,686,417 |
| All Other Shares & Deposits | 21,578,145 |
| TOTAL SHARES & DEPOSITS | 66,933,849 |
| TOTAL LIABILITIES | 72,942,694 |
| Regular Reserve | 0 |
| Other Reserves | -315,537 |
| Undivided Earnings | 5,657,226 |
| TOTAL EQUITY | 5,341,689 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 78,284,383 |
| INCOME & EXPENSE | |
| Loan Income | 2,769,816 |
| Investment Income | 119,918 |
| Other Income | 330,559 |
| Total Employee Compensation & Benefits | 1,279,161 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,784,339 |
| Non-operating Income & (Expense) | 62,740 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 239,121 |
| Cost of Funds | 320,449 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 170,103 |
| ↑ Back to Top | |