Dec, 31, 2023 — VALLEY CREDIT UNION is a federally insured state chartered credit union headquartered in SALEM, OR with 1 branch location and about $109.48 million in total assets. Opened 67 years ago in 1957, VALLEY CREDIT UNION has about 6,016 members and employs 18 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | VALLEY CREDIT UNION |
|---|---|
| Address: (Main Office) | 2096 Mission St Se SALEM, OR 97302 |
| Phone: | (503) 364-7999 |
| Fax: | (503) 589-6219 |
| Website: | https://www.valleycu.org/ |
| Branches: | 1 branch locations |
| Members: | 6,016 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64169 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $109,481,799 |
| CEO/Manager: | Pat Force |
| Chairperson: | Rob Kansky |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,655,962 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 34,887,651 |
| Unsecured Loans | 9,247,334 |
| Other Loans | 42,205,297 |
| TOTAL LOANS | 86,764,797 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -883,512 |
| Land And Building | 1,633,955 |
| Other Fixed Assets | 167,565 |
| NCUSIF Deposit | 843,004 |
| All Other Assets | 29,967 |
| TOTAL ASSETS | 109,481,799 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 3,545,067 |
| Accounts Payable & Other Liabilities | 695,318 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 18,538,963 |
| Regular shares | 24,285,456 |
| All Other Shares & Deposits | 49,713,487 |
| TOTAL SHARES & DEPOSITS | 92,537,906 |
| TOTAL LIABILITIES | 96,778,291 |
| Regular Reserve | 0 |
| Other Reserves | -1,173,675 |
| Undivided Earnings | 13,877,183 |
| TOTAL EQUITY | 12,703,508 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 109,481,799 |
| INCOME & EXPENSE | |
| Loan Income | 5,103,555 |
| Investment Income | 364,943 |
| Other Income | 386,968 |
| Total Employee Compensation & Benefits | 1,878,137 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,850,391 |
| Non-operating Income & (Expense) | 6,981 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 710,186 |
| Cost of Funds | 1,315,582 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 807,441 |
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