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MATANUSKA VALLEY FEDERAL CREDIT UNION

Jun, 30, 2021 — MATANUSKA VALLEY FEDERAL CREDIT UNION is a federal credit union headquartered in PALMER, AK with 11 branch locations and about $714.16 million in total assets. Opened 73 years ago in 1948, MATANUSKA VALLEY FEDERAL CREDIT UNION has about 50,690 members and employs 149 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 325272335
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:http://www.mvfcu.coop
Branches:11 branch locations
Members:50,690
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$714,159,296
CEO/Manager:Ed Gravley
Chairperson:Karen Foster

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 30,351,165
TOTAL INVESTMENTS 316,642,876
Loans Held for Sale 0
 
 Real Estate Loans 173,919,511
 Unsecured Loans 21,933,929
 Other Loans 149,084,718
 TOTAL LOANS 351,331,698
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -4,071,966
 Land And Building 6,044,032
 Other Fixed Assets 1,731,700
 NCUSIF Deposit 5,464,581
 All Other Assets 6,665,210
  TOTAL ASSETS 714,159,296
LIABILITIES & CAPITAL:  
 Dividends Payable 10,411
 Notes & Interest Payable 98,734
 Accounts Payable & Other Liabilities 6,491,486
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 178,740,430
 Regular shares 178,186,582
 All Other Shares & Deposits 277,955,403
  TOTAL SHARES & DEPOSITS 634,882,415
  TOTAL LIABILITIES 641,483,046
 Regular Reserve 2,164,143
 Other Reserves 4,628,113
 Undivided Earnings 65,883,994
  TOTAL EQUITY 72,676,250
  TOTAL LIABILITIES, SHARES, & EQUITY 714,159,296
INCOME & EXPENSE  
 Loan Income 7,449,729
 Investment Income 2,412,319
 Other Income 973,803
 Total Employee Compensation & Benefits 6,369,262
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,633,737
 Non-operating Income & (Expense) 20,117
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 270,673
 Cost of Funds 557,615
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,607,894
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