Dec, 31, 2023 — VALLEY WIDE FEDERAL CREDIT UNION is a federal credit union headquartered in VERNAL, UT with 1 branch location and about $498,695 in total assets. Opened 63 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: | Nov 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $498,695 |
| CEO/Manager: | Monica Marchant |
| Chairperson: | Lane Webb |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 234,796 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 6,616 |
| Other Loans | 252,880 |
| TOTAL LOANS | 259,496 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -631 |
| Land And Building | 0 |
| Other Fixed Assets | 127 |
| NCUSIF Deposit | 3,840 |
| All Other Assets | 0 |
| TOTAL ASSETS | 498,695 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,819 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 371,426 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 371,426 |
| TOTAL LIABILITIES | 374,245 |
| Regular Reserve | 0 |
| Other Reserves | 18,864 |
| Undivided Earnings | 105,586 |
| TOTAL EQUITY | 124,450 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 498,695 |
| INCOME & EXPENSE | |
| Loan Income | 18,237 |
| Investment Income | 6,108 |
| Other Income | 1,565 |
| Total Employee Compensation & Benefits | 11,659 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,403 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 848 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 8,000 |
| ↑ Back to Top | |