Jun, 30, 2024 — HAMPTON VA FEDERAL CREDIT UNION is a federal credit union headquartered in HAMPTON, VA with 1 branch location and about $6.51 million in total assets. Opened 88 years ago in 1936, HAMPTON VA FEDERAL CREDIT UNION has about 1,181 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 |
|---|---|
| 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: | 1,181 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1250 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $6,505,031 |
| CEO/Manager: | Kenneth R Davis |
| Chairperson: | Clinton R Phelps |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,729,031 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 693,540 |
| Other Loans | 241,217 |
| TOTAL LOANS | 934,757 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -11,415 |
| Land And Building | 0 |
| Other Fixed Assets | 7,828 |
| NCUSIF Deposit | 61,538 |
| All Other Assets | 0 |
| TOTAL ASSETS | 6,505,031 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 10,776 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,396,269 |
| Regular shares | 3,730,228 |
| All Other Shares & Deposits | 8,290 |
| TOTAL SHARES & DEPOSITS | 6,134,787 |
| TOTAL LIABILITIES | 6,145,563 |
| Regular Reserve | 0 |
| Other Reserves | 217,497 |
| Undivided Earnings | 141,971 |
| TOTAL EQUITY | 359,468 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,505,031 |
| INCOME & EXPENSE | |
| Loan Income | 65,280 |
| Investment Income | 28,952 |
| Other Income | 65,628 |
| Total Employee Compensation & Benefits | 92,995 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 165,425 |
| Non-operating Income & (Expense) | 22,851 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,123 |
| Cost of Funds | 311 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -71,779 |
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