Dec, 31, 2020 — GOLDEN VALLEY FEDERAL CREDIT UNION is a federal credit union headquartered in MANTECA, CA with 1 branch location and about $32.76 million in total assets. Opened 64 years ago in 1957, GOLDEN VALLEY FEDERAL CREDIT UNION has about 2,974 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: | http://www.goldenvalleyfcu.org |
| Branches: | 1 branch locations |
| Members: | 2,974 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $32,758,057 |
| CEO/Manager: | Joann Wenk |
| Chairperson: | Roger J La Presle |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,388,761 |
| TOTAL INVESTMENTS | 14,869,662 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 5,350,941 |
| Unsecured Loans | 920,566 |
| Other Loans | 6,804,416 |
| TOTAL LOANS | 13,075,923 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -77,016 |
| Land And Building | 994,911 |
| Other Fixed Assets | 31,902 |
| NCUSIF Deposit | 260,320 |
| All Other Assets | 213,594 |
| TOTAL ASSETS | 32,758,057 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 131,398 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,775,383 |
| Regular shares | 18,604,613 |
| All Other Shares & Deposits | 3,890,724 |
| TOTAL SHARES & DEPOSITS | 29,270,720 |
| TOTAL LIABILITIES | 29,402,118 |
| Regular Reserve | 538,057 |
| Other Reserves | 0 |
| Undivided Earnings | 2,817,882 |
| TOTAL EQUITY | 3,355,939 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 32,758,057 |
| INCOME & EXPENSE | |
| Loan Income | 610,484 |
| Investment Income | 301,067 |
| Other Income | 146,597 |
| Total Employee Compensation & Benefits | 423,313 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 388,769 |
| Non-operating Income & (Expense) | 917 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -20,142 |
| Cost of Funds | 25,505 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 241,620 |
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