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CENTRAL VIRGINIA FEDERAL CREDIT UNION

Dec, 31, 2021 — CENTRAL VIRGINIA FEDERAL CREDIT UNION is a federal credit union headquartered in LYNCHBURG, VA with 5 branch locations and about $191.88 million in total assets. Opened 46 years ago in 1976, CENTRAL VIRGINIA FEDERAL CREDIT UNION has about 13,436 members and employs 54 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 251484514
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:http://www.cvfcu.com
Branches:5 branch locations
Members:13,436
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$191,884,547
CEO/Manager:Roger Carson
Chairperson:William Perrow

Call Report

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  • International Remittances
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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 80,169,747
TOTAL INVESTMENTS 26,312,015
Loans Held for Sale 0
 
 Real Estate Loans 34,590,128
 Unsecured Loans 17,499,681
 Other Loans 25,755,760
 TOTAL LOANS 77,845,569
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -396,632
 Land And Building 3,522,818
 Other Fixed Assets 707,856
 NCUSIF Deposit 1,676,069
 All Other Assets 2,047,105
  TOTAL ASSETS 191,884,547
LIABILITIES & CAPITAL:  
 Dividends Payable 19
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 826,412
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 41,822,682
 Regular shares 87,091,978
 All Other Shares & Deposits 47,787,626
  TOTAL SHARES & DEPOSITS 176,702,286
  TOTAL LIABILITIES 177,528,717
 Regular Reserve 1,597,403
 Other Reserves 0
 Undivided Earnings 12,758,427
  TOTAL EQUITY 14,355,830
  TOTAL LIABILITIES, SHARES, & EQUITY 191,884,547
INCOME & EXPENSE  
 Loan Income 3,403,727
 Investment Income 548,359
 Other Income 1,399,782
 Total Employee Compensation & Benefits 2,658,449
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,315,414
 Non-operating Income & (Expense) 225,432
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 8,441
 Cost of Funds 156,737
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 585,436
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