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MATANUSKA VALLEY FEDERAL CREDIT UNION

Jun, 30, 2023 — MATANUSKA VALLEY FEDERAL CREDIT UNION is a federal credit union headquartered in PALMER, AK with 11 branch locations and about $814.53 million in total assets. Opened 76 years ago in 1948, MATANUSKA VALLEY FEDERAL CREDIT UNION has about 53,710 members and employs 161 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:https://www.mvfcu.coop
Branches:11 branch locations
Members:53,710
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, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$814,526,424
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 61,085,575
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 212,539,863
 Unsecured Loans 14,036,238
 Other Loans 191,211,739
 TOTAL LOANS 425,221,551
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -3,102,758
 Land And Building 6,095,567
 Other Fixed Assets 1,448,274
 NCUSIF Deposit 6,296,060
 All Other Assets 243,153
  TOTAL ASSETS 814,526,424
LIABILITIES & CAPITAL:  
 Dividends Payable 14,952
 Notes & Interest Payable 67,077
 Accounts Payable & Other Liabilities 10,479,930
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 221,467,384
 Regular shares 223,028,559
 All Other Shares & Deposits 315,845,904
  TOTAL SHARES & DEPOSITS 760,341,847
  TOTAL LIABILITIES 770,903,806
 Regular Reserve 0
 Other Reserves -28,902,843
 Undivided Earnings 72,525,461
  TOTAL EQUITY 43,622,618
  TOTAL LIABILITIES, SHARES, & EQUITY 814,526,424
INCOME & EXPENSE  
 Loan Income 12,570,819
 Investment Income 4,842,424
 Other Income 1,686,054
 Total Employee Compensation & Benefits 10,898,223
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 6,505,793
 Non-operating Income & (Expense) 27,518
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 742,744
 Cost of Funds 851,404
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,112,611
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