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MONTGOMERY VA FEDERAL CREDIT UNION

Dec, 31, 2020 — MONTGOMERY VA FEDERAL CREDIT UNION is a federal credit union headquartered in MONTGOMERY, AL with 1 branch location and about $6.44 million in total assets. Opened 75 years ago in 1946, MONTGOMERY VA FEDERAL CREDIT UNION has about 1,019 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:MONTGOMERY VA FEDERAL CREDIT UNION
Address:
(Main Office)
345 PERRY HILL RD
MONTGOMERY, AL 36109
Phone:(334) 272-7790
Fax:(334) 272-7408
Website:http://www.mvafcu.org
Branches:1 branch locations
Members:1,019
Credit Union Type:Federal Credit Union
Charter Number:5345
Membership Type:Multiple common bond - Primarily health care
Corporate Credit Union:No
Year Opened:1946
Last Audited:Aug 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$6,442,482
CEO/Manager:WENDY P BOLTON
Chairperson:DEBORAH GILLILAND

Call Report

  • Overdraft Lines of Credit
  • Overdraft Protection
  • Risk Based Loans
  • ATM/Debit Card Program
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,396,059
TOTAL INVESTMENTS 1,698,180
Loans Held for Sale 0
 
 Real Estate Loans 25,248
 Unsecured Loans 277,182
 Other Loans 1,942,327
 TOTAL LOANS 2,244,757
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -6,496
 Land And Building 52,669
 Other Fixed Assets 0
 NCUSIF Deposit 45,878
 All Other Assets 11,435
  TOTAL ASSETS 6,442,482
LIABILITIES & CAPITAL:  
 Dividends Payable 53
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 69,507
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,097,747
 Regular shares 3,931,332
 All Other Shares & Deposits 302,815
  TOTAL SHARES & DEPOSITS 5,331,894
  TOTAL LIABILITIES 5,401,454
 Regular Reserve 57,918
 Other Reserves 0
 Undivided Earnings 983,110
  TOTAL EQUITY 1,041,028
  TOTAL LIABILITIES, SHARES, & EQUITY 6,442,482
INCOME & EXPENSE  
 Loan Income 162,043
 Investment Income 49,844
 Other Income 56,214
 Total Employee Compensation & Benefits 160,771
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 169,059
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -9,193
 Cost of Funds 12,115
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -64,651
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