Jun, 30, 2024 — ROANOKE VALLEY COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in ROANOKE, VA with 4 branch locations and about $104.56 million in total assets. Opened 77 years ago in 1947, ROANOKE VALLEY COMMUNITY FEDERAL CREDIT UNION has about 9,511 members and employs 23 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ROANOKE VALLEY COMMUNITY FEDERAL CREDIT UNION |
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Address: (Main Office) | 723 5th St NE ROANOKE, VA 24016-2123 |
Phone: | (540) 982-3931 |
Fax: | (540) 982-3937 |
Website: | https://www.rvccu.org |
Branches: | 4 branch locations |
Members: | 9,511 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 5604 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1947 |
Last Audited: | Mar 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $104,562,875 |
CEO/Manager: | Woody Windley |
Chairperson: | Thomas F Hard |
ASSETS: | $ Amount |
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Cash & Equivalents | 30,912,927 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 15,908,031 |
Unsecured Loans | 3,171,735 |
Other Loans | 17,682,111 |
TOTAL LOANS | 36,761,877 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -122,687 |
Land And Building | 1,164,574 |
Other Fixed Assets | 139,117 |
NCUSIF Deposit | 864,143 |
All Other Assets | 24,662 |
TOTAL ASSETS | 104,562,875 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 196,171 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 19,820,870 |
Regular shares | 54,377,297 |
All Other Shares & Deposits | 18,615,541 |
TOTAL SHARES & DEPOSITS | 92,813,708 |
TOTAL LIABILITIES | 93,009,879 |
Regular Reserve | 0 |
Other Reserves | 1,543,968 |
Undivided Earnings | 10,009,028 |
TOTAL EQUITY | 11,552,996 |
TOTAL LIABILITIES, SHARES, & EQUITY | 104,562,875 |
INCOME & EXPENSE | |
Loan Income | 1,301,386 |
Investment Income | 550,636 |
Other Income | 420,203 |
Total Employee Compensation & Benefits | 896,676 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,092,999 |
Non-operating Income & (Expense) | 67,616 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 92,300 |
Cost of Funds | 70,421 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 562,749 |
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