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.
Name: | CENTRAL VIRGINIA FEDERAL CREDIT UNION |
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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 |
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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 |
ASSETS: | $ Amount |
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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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