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MONTGOMERY VA FEDERAL CREDIT UNION

Mar, 31, 2022 — MONTGOMERY VA FEDERAL CREDIT UNION is a federal credit union headquartered in MONTGOMERY, AL with 1 branch location and about $6.93 million in total assets. Opened 76 years ago in 1946, MONTGOMERY VA FEDERAL CREDIT UNION has about 938 members and employs 3 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:938
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:$6,932,460
CEO/Manager:WENDY P BOLTON
Chairperson:WILLIAM L GLASS

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 828,170
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 2,746
 Unsecured Loans 190,554
 Other Loans 1,911,090
 TOTAL LOANS 2,104,390
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -14,241
 Land And Building 47,438
 Other Fixed Assets 0
 NCUSIF Deposit 53,319
 All Other Assets 0
  TOTAL ASSETS 6,932,460
LIABILITIES & CAPITAL:  
 Dividends Payable 21
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 50,815
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 891,534
 Regular shares 4,892,415
 All Other Shares & Deposits 184,969
  TOTAL SHARES & DEPOSITS 5,968,918
  TOTAL LIABILITIES 6,019,754
 Regular Reserve 0
 Other Reserves 57,917
 Undivided Earnings 854,789
  TOTAL EQUITY 912,706
  TOTAL LIABILITIES, SHARES, & EQUITY 6,932,460
INCOME & EXPENSE  
 Loan Income 33,152
 Investment Income 6,999
 Other Income 10,567
 Total Employee Compensation & Benefits 31,999
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 45,732
 Non-operating Income & (Expense) 1,660
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 4,048
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -29,401
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