Sep, 30, 2025 — CENTRAL VIRGINIA FEDERAL CREDIT UNION is a federal credit union headquartered in LYNCHBURG, VA with 5 branch locations and about $192.91 million in total assets. Opened 50 years ago in 1976, CENTRAL VIRGINIA FEDERAL CREDIT UNION has about 13,060 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: | CENTRAL VIRGINIA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1638 Mount Athos Rd LYNCHBURG, VA 24504-5429 |
| Phone: | (434) 528-9016 |
| Fax: | (434) 528-2647 |
| Website: | https://www.cvfcu.com |
| Branches: | 5 branch locations |
| Members: | 13,060 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 22307 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1976 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $192,911,622 |
| CEO/Manager: | Roger Carson |
| Chairperson: | William Perrow |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 17,521,489 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 60,452,774 |
| Unsecured Loans | 21,363,456 |
| Other Loans | 37,669,780 |
| TOTAL LOANS | 119,486,009 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,155,933 |
| Land And Building | 4,142,956 |
| Other Fixed Assets | 1,245,574 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,622,234 |
| All Other Assets | 0 |
| TOTAL ASSETS | 192,911,622 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 19,371 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,013,332 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 46,496,039 |
| Regular shares | 80,852,598 |
| All Other Shares & Deposits | 40,640,600 |
| TOTAL SHARES & DEPOSITS | 167,989,237 |
| TOTAL LIABILITIES | 170,055,742 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 22,855,880 |
| TOTAL EQUITY | 22,855,880 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 192,911,622 |
| INCOME & EXPENSE | |
| Loan Income | 5,211,241 |
| Investment Income | 2,057,081 |
| Other Income | 834,024 |
| Total Employee Compensation & Benefits | 2,811,628 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,024,026 |
| Non-operating Income & (Expense) | 27,129 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 432,258 |
| Cost of Funds | 440,154 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,385,713 |
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