Dec, 31, 2023 — MON VALLEY COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in ALLENPORT, PA with 1 branch location and about $178.21 million in total assets. Opened 87 years ago in 1937, MON VALLEY COMMUNITY FEDERAL CREDIT UNION has about 9,214 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MON VALLEY COMMUNITY FEDERAL CREDIT UNION |
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Address: (Main Office) | 1932 Main Street ALLENPORT, PA 15412 |
Phone: | (724) 326-5632 |
Fax: | (724) 326-4112 |
Website: | https://www.mvcfcu.com |
Branches: | 1 branch locations |
Members: | 9,214 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1911 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $178,205,341 |
CEO/Manager: | James Pallini |
Chairperson: | Robert Vitalbo |
ASSETS: | $ Amount |
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Cash & Equivalents | 29,469,357 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 33,553,423 |
Unsecured Loans | 639,896 |
Other Loans | 11,000,482 |
TOTAL LOANS | 45,193,802 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -454,557 |
Land And Building | 924,461 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 1,289,372 |
All Other Assets | 0 |
TOTAL ASSETS | 178,205,341 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,092,021 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 15,267,484 |
Regular shares | 71,077,870 |
All Other Shares & Deposits | 46,133,754 |
TOTAL SHARES & DEPOSITS | 132,479,108 |
TOTAL LIABILITIES | 133,571,129 |
Regular Reserve | 0 |
Other Reserves | -6,297,909 |
Undivided Earnings | 50,932,121 |
TOTAL EQUITY | 44,634,212 |
TOTAL LIABILITIES, SHARES, & EQUITY | 178,205,341 |
INCOME & EXPENSE | |
Loan Income | 2,170,266 |
Investment Income | 5,544,736 |
Other Income | 113,503 |
Total Employee Compensation & Benefits | 969,491 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 769,396 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 76,495 |
Cost of Funds | 772,624 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 5,342,643 |
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