Dec, 31, 2023 — FIRST NRV FEDERAL CREDIT UNION is a federal credit union headquartered in RADFORD, VA with 2 branch locations and about $39.89 million in total assets. Opened 87 years ago in 1937, FIRST NRV FEDERAL CREDIT UNION has about 2,967 members and employs 11 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 |
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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: | 2,967 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 2263 |
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Membership Type: | Community - Rural District |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $39,893,406 |
CEO/Manager: | Owen C McKinnie |
Chairperson: | Stanley Moore |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,940,279 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 17,252,563 |
Unsecured Loans | 2,628,644 |
Other Loans | 6,446,360 |
TOTAL LOANS | 26,327,567 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -339,813 |
Land And Building | 229,131 |
Other Fixed Assets | 34,451 |
NCUSIF Deposit | 373,907 |
All Other Assets | 0 |
TOTAL ASSETS | 39,893,406 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 275,004 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 6,722,497 |
Regular shares | 16,438,678 |
All Other Shares & Deposits | 13,457,725 |
TOTAL SHARES & DEPOSITS | 36,618,900 |
TOTAL LIABILITIES | 36,893,904 |
Regular Reserve | 0 |
Other Reserves | 616,784 |
Undivided Earnings | 2,382,718 |
TOTAL EQUITY | 2,999,502 |
TOTAL LIABILITIES, SHARES, & EQUITY | 39,893,406 |
INCOME & EXPENSE | |
Loan Income | 2,119,629 |
Investment Income | 171,198 |
Other Income | 136,264 |
Total Employee Compensation & Benefits | 789,681 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 771,327 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 150,000 |
Cost of Funds | 542,454 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 224,544 |
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» See also Statement of Financial Condition