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PIONEER VALLEY FEDERAL CREDIT UNION

Mar, 31, 2021 — PIONEER VALLEY FEDERAL CREDIT UNION is a federal credit union headquartered in SPRINGFIELD, MA with 4 branch locations and about $128.82 million in total assets. Opened 98 years ago in 1923, PIONEER VALLEY FEDERAL CREDIT UNION has about 10,819 members and employs 28 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: 211885946
Name:PIONEER VALLEY FEDERAL CREDIT UNION
Address:
(Main Office)
246 BROOKDALE DR
SPRINGFIELD, MA 01104
Phone:(413) 733-2800
Fax:(413) 788-0018
Website:https://www.pioneervalley.coop
Branches:4 branch locations
Members:10,819
Credit Union Type:Federal Credit Union
Charter Number:24443
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1923
Last Audited:Sep 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$128,823,237
CEO/Manager:Anabela P Grenier
Chairperson:Kathy D'Angelantonio

Call Report

  • Credit Builder
  • Interest Only or Payment Option 1st Mortgage Loans
  • Micro Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • First Time Homebuyer Program
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 12,715,519
TOTAL INVESTMENTS 25,637,674
Loans Held for Sale 0
 
 Real Estate Loans 40,994,026
 Unsecured Loans 18,016,087
 Other Loans 24,324,532
 TOTAL LOANS 83,334,645
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -805,126
 Land And Building 1,965,171
 Other Fixed Assets 485,988
 NCUSIF Deposit 995,110
 All Other Assets 4,494,256
  TOTAL ASSETS 128,823,237
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 6,000,000
 Accounts Payable & Other Liabilities 973,346
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 16,787,753
 Regular shares 28,364,942
 All Other Shares & Deposits 63,342,378
  TOTAL SHARES & DEPOSITS 108,495,073
  TOTAL LIABILITIES 115,468,419
 Regular Reserve 733,180
 Other Reserves 141,487
 Undivided Earnings 12,480,151
  TOTAL EQUITY 13,354,818
  TOTAL LIABILITIES, SHARES, & EQUITY 128,823,237
INCOME & EXPENSE  
 Loan Income 1,170,469
 Investment Income 57,801
 Other Income 380,662
 Total Employee Compensation & Benefits 440,480
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 585,728
 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 375,072
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 289,883
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