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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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» See also Statement of Financial Condition