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BEDFORD VA FEDERAL CREDIT UNION

Dec, 31, 2020 — BEDFORD VA FEDERAL CREDIT UNION is a federal credit union headquartered in BEDFORD, MA with 1 branch location and about $2.99 million in total assets. Opened 61 years ago in 1960, BEDFORD VA FEDERAL CREDIT UNION has about 711 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 ROAD
BEDFORD, MA 01730-1114
Phone:(781) 687-2446
Fax:(781) 687-2671
Website:n/a
Branches:1 branch locations
Members:711
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$2,986,526
CEO/Manager:Diane I LaPorte
Chairperson:Nicole M Powell

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 250,011
TOTAL INVESTMENTS 241,598
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 726,790
 Other Loans 1,491,124
 TOTAL LOANS 2,217,914
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -36,421
 Land And Building 0
 Other Fixed Assets 4,519
 NCUSIF Deposit 15,994
 All Other Assets 292,911
  TOTAL ASSETS 2,986,526
LIABILITIES & CAPITAL:  
 Dividends Payable 389
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 281,875
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,857,898
 All Other Shares & Deposits 88,747
  TOTAL SHARES & DEPOSITS 1,946,645
  TOTAL LIABILITIES 2,228,909
 Regular Reserve 98,601
 Other Reserves 0
 Undivided Earnings 659,016
  TOTAL EQUITY 757,617
  TOTAL LIABILITIES, SHARES, & EQUITY 2,986,526
INCOME & EXPENSE  
 Loan Income 133,371
 Investment Income 3,014
 Other Income 2,160
 Total Employee Compensation & Benefits 51,300
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 27,780
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 38,076
 Cost of Funds 1,823
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 19,566
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