Sep, 30, 2025 — MATANUSKA VALLEY FEDERAL CREDIT UNION is a federal credit union headquartered in PALMER, AK with 11 branch locations and about $1.02 billion in total assets. Opened 78 years ago in 1948, MATANUSKA VALLEY FEDERAL CREDIT UNION has about 64,628 members and employs 175 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MATANUSKA VALLEY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1020 S Bailey St PALMER, AK 99645-6924 |
| Phone: | (907) 745-4891 |
| Fax: | (907) 745-9131 |
| Website: | https://www.mvfcu.coop |
| Branches: | 11 branch locations |
| Members: | 64,628 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5924 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1948 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,015,052,007 |
| CEO/Manager: | Chad Ritchie |
| Chairperson: | Karen Foster |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 152,677,049 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 224,634,256 |
| Unsecured Loans | 22,316,788 |
| Other Loans | 327,807,623 |
| TOTAL LOANS | 585,048,012 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,245,394 |
| Land And Building | 6,769,313 |
| Other Fixed Assets | 3,458,745 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 7,333,682 |
| All Other Assets | 382,475 |
| TOTAL ASSETS | 1,015,052,007 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 19,963 |
| Notes & Interest Payable | 29,753,335 |
| Accounts Payable & Other Liabilities | 9,859,230 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 236,013,540 |
| Regular shares | 209,274,523 |
| All Other Shares & Deposits | 443,957,686 |
| TOTAL SHARES & DEPOSITS | 889,245,749 |
| TOTAL LIABILITIES | 928,878,798 |
| Regular Reserve | 0 |
| Other Reserves | -13,270,535 |
| Undivided Earnings | 99,443,744 |
| TOTAL EQUITY | 86,173,209 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,015,052,007 |
| INCOME & EXPENSE | |
| Loan Income | 25,942,655 |
| Investment Income | 10,116,766 |
| Other Income | 2,110,324 |
| Total Employee Compensation & Benefits | 14,139,983 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 8,573,837 |
| Non-operating Income & (Expense) | 11,205 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,812,917 |
| Cost of Funds | 9,080,334 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 8,220,379 |
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