Dec, 31, 2023 — BEAVER VALLEY FEDERAL CREDIT UNION is a federal credit union headquartered in BEAVER FALLS, PA with 2 branch locations and about $96.36 million in total assets. Opened 82 years ago in 1942, BEAVER VALLEY FEDERAL CREDIT UNION has about 9,516 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.
Name: | BEAVER VALLEY FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 601 37th St BEAVER FALLS, PA 15010 |
Phone: | (724) 847-3600 |
Fax: | (724) 847-9281 |
Website: | https://www.beavervalleyfcu.org |
Branches: | 2 branch locations |
Members: | 9,516 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 4794 |
---|---|
Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1942 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $96,359,865 |
CEO/Manager: | Aaron D Kniess |
Chairperson: | Patricia A Rains |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 20,114,916 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 9,726,558 |
Unsecured Loans | 1,830,971 |
Other Loans | 20,003,782 |
TOTAL LOANS | 31,561,311 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -31,009 |
Land And Building | 647,662 |
Other Fixed Assets | 297,900 |
NCUSIF Deposit | 855,484 |
All Other Assets | 34,134 |
TOTAL ASSETS | 96,359,865 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 346 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 312,098 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 20,159,178 |
Regular shares | 56,156,098 |
All Other Shares & Deposits | 5,034,437 |
TOTAL SHARES & DEPOSITS | 81,349,713 |
TOTAL LIABILITIES | 81,662,157 |
Regular Reserve | 0 |
Other Reserves | -863,271 |
Undivided Earnings | 15,560,979 |
TOTAL EQUITY | 14,697,708 |
TOTAL LIABILITIES, SHARES, & EQUITY | 96,359,865 |
INCOME & EXPENSE | |
Loan Income | 1,345,331 |
Investment Income | 2,776,148 |
Other Income | 357,255 |
Total Employee Compensation & Benefits | 1,700,181 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,533,900 |
Non-operating Income & (Expense) | -90,153 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,689 |
Cost of Funds | 61,527 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,883,629 |
↑ Back to Top |