Dec, 31, 2023 — HAMPTON VA FEDERAL CREDIT UNION is a federal credit union headquartered in HAMPTON, VA with 1 branch location and about $5.93 million in total assets. Opened 88 years ago in 1936, HAMPTON VA FEDERAL CREDIT UNION has about 1,076 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | HAMPTON VA FEDERAL CREDIT UNION |
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Address: (Main Office) | 28 Averill Ave HAMPTON, VA 23667 |
Phone: | (757) 723-8842 |
Fax: | (757) 723-5483 |
Website: | https://www.hvafcu.org |
Branches: | 1 branch locations |
Members: | 1,076 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1250 |
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Membership Type: | Federal, State, Local Government |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Sep 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $5,928,191 |
CEO/Manager: | Kenneth R Davis |
Chairperson: | Lawrence J Biermann |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,141,067 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 632,959 |
Other Loans | 216,948 |
TOTAL LOANS | 849,907 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -17,304 |
Land And Building | 0 |
Other Fixed Assets | 4,739 |
NCUSIF Deposit | 58,430 |
All Other Assets | 0 |
TOTAL ASSETS | 5,928,191 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 17,032 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,496,212 |
Regular shares | 3,117,622 |
All Other Shares & Deposits | 4,428 |
TOTAL SHARES & DEPOSITS | 5,618,262 |
TOTAL LIABILITIES | 5,635,294 |
Regular Reserve | 0 |
Other Reserves | 217,497 |
Undivided Earnings | 75,400 |
TOTAL EQUITY | 292,897 |
TOTAL LIABILITIES, SHARES, & EQUITY | 5,928,191 |
INCOME & EXPENSE | |
Loan Income | 87,906 |
Investment Income | 199,661 |
Other Income | 86,996 |
Total Employee Compensation & Benefits | 136,799 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 318,713 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -2,469 |
Cost of Funds | 350 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -68,483 |
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