Dec, 31, 2023 — VALLEY AGRICULTURAL FEDERAL CREDIT UNION is a federal credit union headquartered in SANTA PAULA, CA with 2 branch locations and about $5.07 million in total assets. Opened 58 years ago in 1966, VALLEY AGRICULTURAL FEDERAL CREDIT UNION has about 628 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | VALLEY AGRICULTURAL FEDERAL CREDIT UNION |
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Address: (Main Office) | 1141 CUMMINGS RD SANTA PAULA, CA 93060 |
Phone: | (805) 525-9989 |
Fax: | (805) 525-8373 |
Website: | https://www.valleyagfcu.org |
Branches: | 2 branch locations |
Members: | 628 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 17841 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1966 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $5,071,804 |
CEO/Manager: | Beatrice Scott |
Chairperson: | Stewart Lockwood |
ASSETS: | $ Amount |
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Cash & Equivalents | 715,576 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 418,775 |
Other Loans | 2,461,492 |
TOTAL LOANS | 2,880,267 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -24,368 |
Land And Building | 0 |
Other Fixed Assets | 48,075 |
NCUSIF Deposit | 46,552 |
All Other Assets | 15,000 |
TOTAL ASSETS | 5,071,804 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 5 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 5,777 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 3,104,400 |
All Other Shares & Deposits | 1,478,630 |
TOTAL SHARES & DEPOSITS | 4,583,030 |
TOTAL LIABILITIES | 4,588,812 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 482,992 |
TOTAL EQUITY | 482,992 |
TOTAL LIABILITIES, SHARES, & EQUITY | 5,071,804 |
INCOME & EXPENSE | |
Loan Income | 161,047 |
Investment Income | 66,315 |
Other Income | 22,721 |
Total Employee Compensation & Benefits | 143,040 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 90,814 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 45,320 |
Cost of Funds | 22,079 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -51,170 |
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