Sep, 30, 2025 — URW COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in DANVILLE, VA with 12 branch locations and about $223.24 million in total assets. Opened 56 years ago in 1970, URW COMMUNITY FEDERAL CREDIT UNION has about 35,805 members and employs 56 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | URW COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 314 Lowes Dr DANVILLE, VA 24540-5927 |
| Phone: | (434) 793-1278 |
| Fax: | |
| Website: | https://www.urwfcu.org |
| Branches: | 12 branch locations |
| Members: | 35,805 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 19867 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1970 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $223,236,264 |
| CEO/Manager: | Cheryl Doss |
| Chairperson: | Charles E Phillips |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 27,729,330 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,427,620 |
| Unsecured Loans | 23,271,165 |
| Other Loans | 144,079,952 |
| TOTAL LOANS | 175,778,737 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,498,844 |
| Land And Building | 8,553,866 |
| Other Fixed Assets | 2,488,471 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,807,839 |
| All Other Assets | 464,342 |
| TOTAL ASSETS | 223,236,264 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,211,648 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 23,808,104 |
| Regular shares | 71,861,739 |
| All Other Shares & Deposits | 93,118,260 |
| TOTAL SHARES & DEPOSITS | 188,788,104 |
| TOTAL LIABILITIES | 190,999,752 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 32,236,512 |
| TOTAL EQUITY | 32,236,512 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 223,236,264 |
| INCOME & EXPENSE | |
| Loan Income | 12,092,571 |
| Investment Income | 760,988 |
| Other Income | 522,943 |
| Total Employee Compensation & Benefits | 5,101,343 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 6,372,063 |
| Non-operating Income & (Expense) | -204,679 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,791,109 |
| Cost of Funds | 2,397,274 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,226,296 |
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