Jun, 30, 2024 — VALWOOD PARK FEDERAL CREDIT UNION is a federal credit union headquartered in CARROLLTON, TX with 1 branch location and about $28.01 million in total assets. Opened 51 years ago in 1974, VALWOOD PARK FEDERAL CREDIT UNION has about 2,833 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | VALWOOD PARK FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1001 E Crosby Rd CARROLLTON, TX 75006-7260 |
| Phone: | (972) 446-0540 |
| Fax: | (972) 245-6783 |
| Website: | https://www.valwoodpark.com |
| Branches: | 1 branch locations |
| Members: | 2,833 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 21788 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1974 |
| Last Audited: | Feb 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $28,006,604 |
| CEO/Manager: | Tammy Perkins |
| Chairperson: | Steve Heath |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 745,177 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 277,792 |
| Unsecured Loans | 1,452,995 |
| Other Loans | 16,701,926 |
| TOTAL LOANS | 18,432,713 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -30,471 |
| Land And Building | 198,405 |
| Other Fixed Assets | 153,048 |
| NCUSIF Deposit | 235,395 |
| All Other Assets | 0 |
| TOTAL ASSETS | 28,006,604 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 70,695 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,589,298 |
| Regular shares | 14,224,273 |
| All Other Shares & Deposits | 2,158,459 |
| TOTAL SHARES & DEPOSITS | 23,972,030 |
| TOTAL LIABILITIES | 24,042,725 |
| Regular Reserve | 0 |
| Other Reserves | 932,070 |
| Undivided Earnings | 3,031,809 |
| TOTAL EQUITY | 3,963,879 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 28,006,604 |
| INCOME & EXPENSE | |
| Loan Income | 517,560 |
| Investment Income | 38,780 |
| Other Income | 182,763 |
| Total Employee Compensation & Benefits | 366,490 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 339,706 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 19,027 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 132,960 |
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