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BEDFORD VA FEDERAL CREDIT UNION

Mar, 31, 2021 — BEDFORD VA FEDERAL CREDIT UNION is a federal credit union headquartered in BEDFORD, MA with 1 branch location and about $3.07 million in total assets. Opened 61 years ago in 1960, BEDFORD VA FEDERAL CREDIT UNION has about 710 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:710
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:$3,073,712
CEO/Manager:Diane I LaPorte
Chairperson:Nicole M Powell

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 366,514
TOTAL INVESTMENTS 216,952
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 692,970
 Other Loans 1,510,782
 TOTAL LOANS 2,203,752
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -31,662
 Land And Building 0
 Other Fixed Assets 3,958
 NCUSIF Deposit 19,466
 All Other Assets 294,732
  TOTAL ASSETS 3,073,712
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 286,116
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,934,655
 All Other Shares & Deposits 80,551
  TOTAL SHARES & DEPOSITS 2,015,206
  TOTAL LIABILITIES 2,301,322
 Regular Reserve 98,601
 Other Reserves 0
 Undivided Earnings 673,789
  TOTAL EQUITY 772,390
  TOTAL LIABILITIES, SHARES, & EQUITY 3,073,712
INCOME & EXPENSE  
 Loan Income 37,593
 Investment Income 408
 Other Income 35
 Total Employee Compensation & Benefits 14,870
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 8,919
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 0
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 14,755
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