Dec, 31, 2023 — SUGAR VALLEY FEDERAL CREDIT UNION is a federal credit union headquartered in SCOTTSBLUFF, NE with 1 branch location and about $6.70 million in total assets. Opened 84 years ago in 1940, SUGAR VALLEY FEDERAL CREDIT UNION has about 1,281 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SUGAR VALLEY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1705 21st Ave SCOTTSBLUFF, NE 69361 |
| Phone: | (308) 632-2323 |
| Fax: | (308) 632-2335 |
| Website: | https://sugarvalleyfcu.org |
| Branches: | 1 branch locations |
| Members: | 1,281 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3558 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Feb 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $6,700,599 |
| CEO/Manager: | Megan M Ogburn |
| Chairperson: | Daile Schneider |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 276,526 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 143,522 |
| Other Loans | 3,466,143 |
| TOTAL LOANS | 3,609,665 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -75,869 |
| Land And Building | 30,907 |
| Other Fixed Assets | 23,029 |
| NCUSIF Deposit | 65,661 |
| All Other Assets | 0 |
| TOTAL ASSETS | 6,700,599 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 555 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 24,574 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 532,350 |
| Regular shares | 4,382,424 |
| All Other Shares & Deposits | 334,448 |
| TOTAL SHARES & DEPOSITS | 5,249,223 |
| TOTAL LIABILITIES | 5,274,352 |
| Regular Reserve | 0 |
| Other Reserves | 219,640 |
| Undivided Earnings | 1,206,607 |
| TOTAL EQUITY | 1,426,247 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,700,599 |
| INCOME & EXPENSE | |
| Loan Income | 191,695 |
| Investment Income | 48,147 |
| Other Income | 92,801 |
| Total Employee Compensation & Benefits | 113,584 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 231,263 |
| Non-operating Income & (Expense) | 23,278 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -4,684 |
| Cost of Funds | 13,664 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -13,113 |
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