Jun, 30, 2021 — MAHONING VALLEY FEDERAL CREDIT UNION is a federal credit union headquartered in Youngstown, OH with 1 branch location and about $892,352 in total assets. Opened 60 years ago in 1961, MAHONING VALLEY FEDERAL CREDIT UNION has about 378 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MAHONING VALLEY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 15 Colonial Dr Ste 14 Youngstown, OH 44505-2164 |
| Phone: | (330) 759-9570 |
| Fax: | |
| Website: | http://www.mahoningvalleyfcu.com |
| Branches: | 1 branch locations |
| Members: | 378 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14469 |
|---|---|
| Membership Type: | Service - Health Care |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $892,352 |
| CEO/Manager: | Melanie V Noble |
| Chairperson: | Linda Salter |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 348,526 |
| TOTAL INVESTMENTS | 316,614 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 76,748 |
| Other Loans | 146,446 |
| TOTAL LOANS | 223,194 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,560 |
| Land And Building | 0 |
| Other Fixed Assets | 273 |
| NCUSIF Deposit | 5,592 |
| All Other Assets | 2,713 |
| TOTAL ASSETS | 892,352 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 625 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 699,417 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 699,417 |
| TOTAL LIABILITIES | 700,042 |
| Regular Reserve | 88,627 |
| Other Reserves | 0 |
| Undivided Earnings | 103,683 |
| TOTAL EQUITY | 192,310 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 892,352 |
| INCOME & EXPENSE | |
| Loan Income | 12,988 |
| Investment Income | 3,501 |
| Other Income | 3,052 |
| Total Employee Compensation & Benefits | 17,914 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 16,186 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 977 |
| Cost of Funds | 437 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -15,817 |
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