Dec, 31, 2022 — MONTGOMERY VA FEDERAL CREDIT UNION is a federal credit union headquartered in MONTGOMERY, AL with 1 branch location and about $7.36 million in total assets. Opened 77 years ago in 1946, MONTGOMERY VA FEDERAL CREDIT UNION has about 920 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: | https://www.mvafcu.org |
| Branches: | 1 branch locations |
| Members: | 920 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $7,357,382 |
| CEO/Manager: | WENDY P BOLTON |
| Chairperson: | WILLIAM L GLASS |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 933,465 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 210,384 |
| Other Loans | 1,842,188 |
| TOTAL LOANS | 2,052,572 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -14,848 |
| Land And Building | 45,346 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 61,562 |
| All Other Assets | 0 |
| TOTAL ASSETS | 7,357,382 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 21 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 72,942 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,061,672 |
| Regular shares | 5,154,234 |
| All Other Shares & Deposits | 191,518 |
| TOTAL SHARES & DEPOSITS | 6,407,424 |
| TOTAL LIABILITIES | 6,480,387 |
| Regular Reserve | 0 |
| Other Reserves | 57,918 |
| Undivided Earnings | 819,077 |
| TOTAL EQUITY | 876,995 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,357,382 |
| INCOME & EXPENSE | |
| Loan Income | 100,271 |
| Investment Income | 28,058 |
| Other Income | 29,539 |
| Total Employee Compensation & Benefits | 90,145 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 123,148 |
| Non-operating Income & (Expense) | 2,882 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 12,569 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -65,112 |
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