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CENTRAL VIRGINIA FEDERAL CREDIT UNION

Mar, 31, 2021 — CENTRAL VIRGINIA FEDERAL CREDIT UNION is a federal credit union headquartered in LYNCHBURG, VA with 5 branch locations and about $184.27 million in total assets. Opened 45 years ago in 1976, CENTRAL VIRGINIA FEDERAL CREDIT UNION has about 13,506 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)
PO BOX 1660
LYNCHBURG, VA 24505
Phone:(434) 528-9016
Fax:(434) 528-2647
Website:http://www.cvfcu.com
Branches:5 branch locations
Members:13,506
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:$184,269,274
CEO/Manager:Roger Carson
Chairperson:William Perrow

Call Report

  • Commercial Loans
  • Debt Cancellation/Suspension
  • Indirect Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • In-School Branches
  • Insurance/Investment Sales
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 67,456,529
TOTAL INVESTMENTS 41,729,015
Loans Held for Sale 0
 
 Real Estate Loans 28,436,334
 Unsecured Loans 16,433,574
 Other Loans 22,940,454
 TOTAL LOANS 67,810,362
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -434,129
 Land And Building 3,579,896
 Other Fixed Assets 816,558
 NCUSIF Deposit 1,439,125
 All Other Assets 1,871,918
  TOTAL ASSETS 184,269,274
LIABILITIES & CAPITAL:  
 Dividends Payable 90
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 736,975
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 41,952,607
 Regular shares 81,173,212
 All Other Shares & Deposits 46,534,661
  TOTAL SHARES & DEPOSITS 169,660,480
  TOTAL LIABILITIES 170,397,545
 Regular Reserve 1,597,403
 Other Reserves 0
 Undivided Earnings 12,274,326
  TOTAL EQUITY 13,871,729
  TOTAL LIABILITIES, SHARES, & EQUITY 184,269,274
INCOME & EXPENSE  
 Loan Income 840,566
 Investment Income 190,462
 Other Income 303,412
 Total Employee Compensation & Benefits 670,680
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 783,412
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -4,869
 Cost of Funds 48,246
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 101,335
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