Dec, 31, 2020 — VALLEY WIDE FEDERAL CREDIT UNION is a federal credit union headquartered in Vernal, UT with 1 branch location and about $450,243 in total assets. Opened 60 years ago in 1961, VALLEY WIDE FEDERAL CREDIT UNION has about 167 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | VALLEY WIDE FEDERAL CREDIT UNION |
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Address: (Main Office) | 1330 E Highway 40 Vernal, UT 84078 |
Phone: | (435) 789-6918 |
Fax: | (435) 789-5596 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 167 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14657 |
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Membership Type: | Multiple common bond - Primarily other manufacturing |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Aug 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $450,243 |
CEO/Manager: | Monica Marchant |
Chairperson: | Lane Webb |
ASSETS: | $ Amount |
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Cash & Equivalents | 132,911 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 2,939 |
Other Loans | 311,920 |
TOTAL LOANS | 314,859 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,334 |
Land And Building | 0 |
Other Fixed Assets | 261 |
NCUSIF Deposit | 3,362 |
All Other Assets | 1,184 |
TOTAL ASSETS | 450,243 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 3,046 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 335,697 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 335,697 |
TOTAL LIABILITIES | 338,743 |
Regular Reserve | 18,864 |
Other Reserves | 0 |
Undivided Earnings | 92,636 |
TOTAL EQUITY | 111,500 |
TOTAL LIABILITIES, SHARES, & EQUITY | 450,243 |
INCOME & EXPENSE | |
Loan Income | 22,432 |
Investment Income | 125 |
Other Income | 1,819 |
Total Employee Compensation & Benefits | 10,344 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,780 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -2,065 |
Cost of Funds | 731 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 10,586 |
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