Dec, 31, 2021 — VALLEY BOARD FEDERAL CREDIT UNION is a federal credit union headquartered in HARPERS FERRY, WV with 1 branch location and about $98,854 in total assets. Opened 62 years ago in 1960, VALLEY BOARD FEDERAL CREDIT UNION has about 55 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | VALLEY BOARD FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 164 Eyster Rd HARPERS FERRY, WV 25425 |
| Phone: | (304) 725-2076 |
| Fax: | (304) 728-7544 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 55 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14045 |
|---|---|
| Membership Type: | Manufacturing - All Other |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Apr 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $98,854 |
| CEO/Manager: | Robin L Carroll |
| Chairperson: | Loretta J Fritz |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 36,061 |
| TOTAL INVESTMENTS | 18,549 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 18,811 |
| Other Loans | 27,463 |
| TOTAL LOANS | 46,274 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,378 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 1,185 |
| All Other Assets | 1,163 |
| TOTAL ASSETS | 98,854 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,721 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 80,796 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 80,796 |
| TOTAL LIABILITIES | 82,517 |
| Regular Reserve | 16,337 |
| Other Reserves | 0 |
| Undivided Earnings | 0 |
| TOTAL EQUITY | 16,337 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 98,854 |
| INCOME & EXPENSE | |
| Loan Income | 6,822 |
| Investment Income | 350 |
| Other Income | 385 |
| Total Employee Compensation & Benefits | 10,716 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,785 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,332 |
| Cost of Funds | 571 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -9,847 |
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