Dec, 31, 2023 — TONAWANDA VALLEY FEDERAL CREDIT UNION is a federal credit union headquartered in BATAVIA, NY with 1 branch location and about $150.69 million in total assets. Opened 49 years ago in 1975, TONAWANDA VALLEY FEDERAL CREDIT UNION has about 13,013 members and employs 37 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TONAWANDA VALLEY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 10 Jefferson Square Ave BATAVIA, NY 14020 |
| Phone: | (585) 343-5627 |
| Fax: | (585) 344-2383 |
| Website: | https://tvfcubatavia.com |
| Branches: | 1 branch locations |
| Members: | 13,013 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 22167 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1975 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $150,693,069 |
| CEO/Manager: | Kristine B Duran |
| Chairperson: | Leslie Strollo |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,205,177 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 39,440,849 |
| Unsecured Loans | 8,535,482 |
| Other Loans | 36,566,607 |
| TOTAL LOANS | 84,542,938 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -279,421 |
| Land And Building | 627,802 |
| Other Fixed Assets | 201,521 |
| NCUSIF Deposit | 1,439,744 |
| All Other Assets | 0 |
| TOTAL ASSETS | 150,693,069 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,187,001 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 26,839,562 |
| Regular shares | 106,299,845 |
| All Other Shares & Deposits | 2,751,999 |
| TOTAL SHARES & DEPOSITS | 135,891,406 |
| TOTAL LIABILITIES | 137,078,407 |
| Regular Reserve | 0 |
| Other Reserves | 1,241,982 |
| Undivided Earnings | 12,372,680 |
| TOTAL EQUITY | 13,614,662 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 150,693,069 |
| INCOME & EXPENSE | |
| Loan Income | 2,773,765 |
| Investment Income | 1,379,054 |
| Other Income | 542,218 |
| Total Employee Compensation & Benefits | 2,140,756 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,193,038 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 125,536 |
| Cost of Funds | 66,999 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,126,811 |
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