Dec, 31, 2023 — ARK VALLEY CREDIT UNION is a federally insured state chartered credit union headquartered in ARKANSAS CITY, KS with 3 branch locations and about $55.62 million in total assets. Opened 69 years ago in 1955, ARK VALLEY CREDIT UNION has about 9,881 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ARK VALLEY CREDIT UNION |
|---|---|
| Address: (Main Office) | 1515 N Summit St ARKANSAS CITY, KS 67005 |
| Phone: | (620) 442-8210 |
| Fax: | (620) 442-2459 |
| Website: | https://arkvalleycu.org |
| Branches: | 3 branch locations |
| Members: | 9,881 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62894 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Jan 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $55,615,181 |
| CEO/Manager: | Kim Anneler |
| Chairperson: | james m Reichle |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,827,764 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 9,496,624 |
| Unsecured Loans | 2,031,174 |
| Other Loans | 23,805,483 |
| TOTAL LOANS | 35,333,281 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -151,511 |
| Land And Building | 2,262,944 |
| Other Fixed Assets | 170,547 |
| NCUSIF Deposit | 536,239 |
| All Other Assets | 0 |
| TOTAL ASSETS | 55,615,181 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 9,971 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 236,892 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,584,310 |
| Regular shares | 31,724,642 |
| All Other Shares & Deposits | 8,139,732 |
| TOTAL SHARES & DEPOSITS | 48,448,684 |
| TOTAL LIABILITIES | 48,695,547 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 6,919,634 |
| TOTAL EQUITY | 6,919,634 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 55,615,181 |
| INCOME & EXPENSE | |
| Loan Income | 1,475,945 |
| Investment Income | 357,930 |
| Other Income | 860,991 |
| Total Employee Compensation & Benefits | 777,568 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,161,850 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 26,028 |
| Cost of Funds | 160,459 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 568,961 |
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