Sep, 30, 2025 — FIRST NRV FEDERAL CREDIT UNION is a federal credit union headquartered in RADFORD, VA with 2 branch locations and about $38.60 million in total assets. Opened 89 years ago in 1937, FIRST NRV FEDERAL CREDIT UNION has about 2,780 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FIRST NRV FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 900 W Main St RADFORD, VA 24141-1597 |
| Phone: | (540) 639-0885 |
| Fax: | (540) 639-0512 |
| Website: | https://www.firstnrvcreditunion.com |
| Branches: | 2 branch locations |
| Members: | 2,780 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2263 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $38,598,533 |
| CEO/Manager: | Owen C McKinnie |
| Chairperson: | Stanley Moore |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,852,303 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 15,309,068 |
| Unsecured Loans | 3,093,433 |
| Other Loans | 4,791,084 |
| TOTAL LOANS | 23,193,585 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -370,942 |
| Land And Building | 202,025 |
| Other Fixed Assets | 18,270 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 359,660 |
| All Other Assets | 0 |
| TOTAL ASSETS | 38,598,533 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 103,952 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,095,910 |
| Regular shares | 17,291,416 |
| All Other Shares & Deposits | 10,808,734 |
| TOTAL SHARES & DEPOSITS | 35,196,060 |
| TOTAL LIABILITIES | 35,300,012 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,298,521 |
| TOTAL EQUITY | 3,298,521 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 38,598,533 |
| INCOME & EXPENSE | |
| Loan Income | 1,391,469 |
| Investment Income | 295,409 |
| Other Income | 184,044 |
| Total Employee Compensation & Benefits | 621,217 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 588,558 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 130,500 |
| Cost of Funds | 498,646 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 87,479 |
| ↑ Back to Top | |