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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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