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BEDFORD VA FEDERAL CREDIT UNION

Mar, 31, 2022 — BEDFORD VA FEDERAL CREDIT UNION is a federal credit union headquartered in BEDFORD, MA with 1 branch location and about $3.19 million in total assets. Opened 62 years ago in 1960, BEDFORD VA FEDERAL CREDIT UNION has about 687 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:BEDFORD VA FEDERAL CREDIT UNION
Address:
(Main Office)
200 Springs Rd
BEDFORD, MA 01730-1114
Phone:(781) 687-2446
Fax:(781) 687-2671
Website:www.bedfordvafcu.org
Branches:1 branch locations
Members:687
Credit Union Type:Federal Credit Union
Charter Number:13859
Membership Type:Service - Health Care
Corporate Credit Union:No
Year Opened:1960
Last Audited:Apr 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$3,188,318
CEO/Manager:Beverly E Hanafin
Chairperson:Nicole M Powell

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 775,856
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 585,453
 Other Loans 1,410,685
 TOTAL LOANS 1,996,138
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -22,255
 Land And Building 0
 Other Fixed Assets 1,062
 NCUSIF Deposit 19,466
 All Other Assets 0
  TOTAL ASSETS 3,188,318
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 190,765
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 2,095,089
 All Other Shares & Deposits 72,612
  TOTAL SHARES & DEPOSITS 2,167,701
  TOTAL LIABILITIES 2,358,466
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 829,852
  TOTAL EQUITY 829,852
  TOTAL LIABILITIES, SHARES, & EQUITY 3,188,318
INCOME & EXPENSE  
 Loan Income 37,662
 Investment Income 271
 Other Income 356
 Total Employee Compensation & Benefits 5,328
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 17,387
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 626
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 14,948
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