Dec, 31, 2023 — UNIVERSITY OF VA COMMUNITY CU CREDIT UNION is a federally insured state chartered credit union headquartered in CHARLOTTESVILLE, VA with 15 branch locations and about $1.45 billion in total assets. Opened 70 years ago in 1954, UNIVERSITY OF VA COMMUNITY CU CREDIT UNION has about 80,094 members and employs 268 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UNIVERSITY OF VA COMMUNITY CU CREDIT UNION |
|---|---|
| Address: (Main Office) | 3300 Berkmar Dr CHARLOTTESVILLE, VA 22901-1491 |
| Phone: | (434) 964-2001 |
| Fax: | (434) 964-2081 |
| Website: | https://www.uvacreditunion.org |
| Branches: | 15 branch locations |
| Members: | 80,094 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62504 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,446,579,963 |
| CEO/Manager: | Susan M Gruber |
| Chairperson: | Jeffrey C Moscicki |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 190,356,804 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 3,507,989 |
| Real Estate Loans | 330,859,324 |
| Unsecured Loans | 66,125,360 |
| Other Loans | 426,652,302 |
| TOTAL LOANS | 823,636,987 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,607,629 |
| Land And Building | 21,339,422 |
| Other Fixed Assets | 5,956,086 |
| NCUSIF Deposit | 11,858,423 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,446,579,963 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 107,122 |
| Notes & Interest Payable | 30,000,000 |
| Accounts Payable & Other Liabilities | 16,676,018 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 319,348,721 |
| Regular shares | 408,386,015 |
| All Other Shares & Deposits | 562,827,147 |
| TOTAL SHARES & DEPOSITS | 1,290,561,880 |
| TOTAL LIABILITIES | 1,337,367,100 |
| Regular Reserve | 0 |
| Other Reserves | -22,711,572 |
| Undivided Earnings | 131,924,435 |
| TOTAL EQUITY | 109,212,863 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,446,579,963 |
| INCOME & EXPENSE | |
| Loan Income | 38,475,105 |
| Investment Income | 14,997,592 |
| Other Income | 5,900,666 |
| Total Employee Compensation & Benefits | 27,768,932 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 19,755,314 |
| Non-operating Income & (Expense) | 376,128 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,325,993 |
| Cost of Funds | 10,299,081 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 8,266,991 |
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» See also Statement of Financial Condition