Dec, 31, 2023 — DESERT VALLEYS FEDERAL CREDIT UNION is a federal credit union headquartered in RIDGECREST, CA with 1 branch location and about $64.36 million in total assets. Opened 78 years ago in 1946, DESERT VALLEYS FEDERAL CREDIT UNION has about 5,138 members and employs 17 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: | 1 branch locations |
Members: | 5,138 |
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, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $64,363,298 |
CEO/Manager: | Eric Bruen |
Chairperson: | Marshall G Holloway |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 4,344,207 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 11,871,570 |
Unsecured Loans | 5,200,999 |
Other Loans | 18,682,465 |
TOTAL LOANS | 35,755,034 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -447,336 |
Land And Building | 2,054,731 |
Other Fixed Assets | 673,980 |
NCUSIF Deposit | 551,785 |
All Other Assets | 0 |
TOTAL ASSETS | 64,363,298 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,421,393 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 14,451,337 |
Regular shares | 29,616,592 |
All Other Shares & Deposits | 13,389,343 |
TOTAL SHARES & DEPOSITS | 57,457,272 |
TOTAL LIABILITIES | 58,878,665 |
Regular Reserve | 0 |
Other Reserves | 1,802,022 |
Undivided Earnings | 3,682,611 |
TOTAL EQUITY | 5,484,633 |
TOTAL LIABILITIES, SHARES, & EQUITY | 64,363,298 |
INCOME & EXPENSE | |
Loan Income | 2,173,650 |
Investment Income | 785,472 |
Other Income | 932,883 |
Total Employee Compensation & Benefits | 1,695,693 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,902,305 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 89,536 |
Cost of Funds | 299,002 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 632,995 |
↑ Back to Top |