Sep, 30, 2025 — DESERT VALLEYS FEDERAL CREDIT UNION is a federal credit union headquartered in RIDGECREST, CA with 2 branch locations and about $88.90 million in total assets. Opened 80 years ago in 1946, DESERT VALLEYS FEDERAL CREDIT UNION has about 5,992 members and employs 19 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DESERT VALLEYS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 100 E Ward Ave RIDGECREST, CA 93555-2668 |
| Phone: | (760) 446-3500 |
| Fax: | (760) 446-6904 |
| Website: | https://www.desertvalleys.org |
| Branches: | 2 branch locations |
| Members: | 5,992 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5366 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1946 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $88,904,014 |
| CEO/Manager: | Eric Bruen |
| Chairperson: | Marshall G Holloway |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 23,093,788 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 15,114,891 |
| Unsecured Loans | 6,155,511 |
| Other Loans | 22,384,429 |
| TOTAL LOANS | 43,654,831 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -536,476 |
| Land And Building | 3,004,780 |
| Other Fixed Assets | 1,005,944 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 634,145 |
| All Other Assets | 0 |
| TOTAL ASSETS | 88,904,014 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,221,444 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 18,886,728 |
| Regular shares | 36,470,563 |
| All Other Shares & Deposits | 24,494,680 |
| TOTAL SHARES & DEPOSITS | 79,851,971 |
| TOTAL LIABILITIES | 81,073,415 |
| Regular Reserve | 0 |
| Other Reserves | 2,697,505 |
| Undivided Earnings | 5,133,094 |
| TOTAL EQUITY | 7,830,599 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 88,904,014 |
| INCOME & EXPENSE | |
| Loan Income | 2,345,502 |
| Investment Income | 804,285 |
| Other Income | 755,873 |
| Total Employee Compensation & Benefits | 1,508,197 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,706,567 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 119,899 |
| Cost of Funds | 488,763 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 679,719 |
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