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MONTGOMERY VA FEDERAL CREDIT UNION

Jun, 30, 2021 — MONTGOMERY VA FEDERAL CREDIT UNION is a federal credit union headquartered in MONTGOMERY, AL with 1 branch location and about $6.75 million in total assets. Opened 75 years ago in 1946, MONTGOMERY VA FEDERAL CREDIT UNION has about 1,014 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:1,014
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$6,754,455
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 3,735,701
TOTAL INVESTMENTS 550,180
Loans Held for Sale 0
 
 Real Estate Loans 13,282
 Unsecured Loans 233,990
 Other Loans 2,122,429
 TOTAL LOANS 2,369,701
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -13,955
 Land And Building 50,577
 Other Fixed Assets 0
 NCUSIF Deposit 53,319
 All Other Assets 8,932
  TOTAL ASSETS 6,754,455
LIABILITIES & CAPITAL:  
 Dividends Payable 18
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 59,612
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 883,033
 Regular shares 4,630,736
 All Other Shares & Deposits 191,301
  TOTAL SHARES & DEPOSITS 5,705,070
  TOTAL LIABILITIES 5,764,700
 Regular Reserve 57,918
 Other Reserves 0
 Undivided Earnings 931,837
  TOTAL EQUITY 989,755
  TOTAL LIABILITIES, SHARES, & EQUITY 6,754,455
INCOME & EXPENSE  
 Loan Income 82,732
 Investment Income 10,253
 Other Income 26,021
 Total Employee Compensation & Benefits 80,183
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 80,600
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 5,943
 Cost of Funds 7,119
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -51,272
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