Jun, 30, 2024 — VA BEACH POSTAL FEDERAL CREDIT UNION is a federal credit union headquartered in VIRGINIA BEACH, VA with 1 branch location and about $10.53 million in total assets. Opened 61 years ago in 1963, VA BEACH POSTAL FEDERAL CREDIT UNION has about 1,084 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | VA BEACH POSTAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 501 Viking Dr # A VIRGINIA BEACH, VA 23452-7306 |
| Phone: | (757) 340-9781 |
| Fax: | (757) 340-1213 |
| Website: | https://vbpfcu.org |
| Branches: | 1 branch locations |
| Members: | 1,084 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 15536 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1963 |
| Last Audited: | Jun 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $10,529,127 |
| CEO/Manager: | Rosemary G Gagnon |
| Chairperson: | Robert J Wittman |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 478,520 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 716,059 |
| Other Loans | 3,424,303 |
| TOTAL LOANS | 4,140,362 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -22,497 |
| Land And Building | 9,560 |
| Other Fixed Assets | 11,687 |
| NCUSIF Deposit | 98,952 |
| All Other Assets | 0 |
| TOTAL ASSETS | 10,529,127 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,530 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 11,849 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,940,120 |
| Regular shares | 6,904,903 |
| All Other Shares & Deposits | 584,489 |
| TOTAL SHARES & DEPOSITS | 9,429,512 |
| TOTAL LIABILITIES | 9,444,891 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,084,236 |
| TOTAL EQUITY | 1,084,236 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 10,529,127 |
| INCOME & EXPENSE | |
| Loan Income | 207,526 |
| Investment Income | 57,811 |
| Other Income | 31,109 |
| Total Employee Compensation & Benefits | 129,611 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 185,188 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 16,895 |
| Cost of Funds | 11,075 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 11,272 |
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