Jun, 30, 2024 — VALLEY CREDIT UNION is a federally insured state chartered credit union headquartered in SALEM, OR with 1 branch location and about $100.11 million in total assets. Opened 67 years ago in 1957, VALLEY CREDIT UNION has about 5,714 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: | VALLEY CREDIT UNION |
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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: | 5,714 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 64169 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1957 |
Last Audited: | Dec 01, 2021 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $100,113,547 |
CEO/Manager: | Pat Force |
Chairperson: | Rob Kansky |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,028,193 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 29,138,157 |
Unsecured Loans | 9,601,973 |
Other Loans | 35,917,402 |
TOTAL LOANS | 74,809,227 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -559,181 |
Land And Building | 1,685,733 |
Other Fixed Assets | 150,478 |
NCUSIF Deposit | 760,925 |
All Other Assets | 57,711 |
TOTAL ASSETS | 100,113,547 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 2,601,009 |
Accounts Payable & Other Liabilities | 657,982 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 19,413,789 |
Regular shares | 29,840,291 |
All Other Shares & Deposits | 36,175,097 |
TOTAL SHARES & DEPOSITS | 85,429,177 |
TOTAL LIABILITIES | 88,688,168 |
Regular Reserve | 0 |
Other Reserves | -1,540,908 |
Undivided Earnings | 12,966,287 |
TOTAL EQUITY | 11,425,379 |
TOTAL LIABILITIES, SHARES, & EQUITY | 100,113,547 |
INCOME & EXPENSE | |
Loan Income | 2,584,750 |
Investment Income | 268,698 |
Other Income | 215,376 |
Total Employee Compensation & Benefits | 1,258,293 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,175,765 |
Non-operating Income & (Expense) | 11,440 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 320,724 |
Cost of Funds | 270,318 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 516,495 |
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