Sep, 30, 2025 — VALLEY 1ST COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in MONESSEN, PA with 2 branch locations and about $102.31 million in total assets. Opened 91 years ago in 1935, VALLEY 1ST COMMUNITY FEDERAL CREDIT UNION has about 7,444 members and employs 20 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 1ST COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 815 SCHOONMAKER AVE MONESSEN, PA 15062-1008 |
| Phone: | (724) 684-8875 |
| Fax: | (724) 684-4133 |
| Website: | https://www.valley1st.org |
| Branches: | 2 branch locations |
| Members: | 7,444 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 649 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Mar 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $102,309,895 |
| CEO/Manager: | Michael Rochelle |
| Chairperson: | MARK SOBOSLAI |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,250,332 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 32,166,506 |
| Unsecured Loans | 4,748,157 |
| Other Loans | 18,157,240 |
| TOTAL LOANS | 55,071,903 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -829,513 |
| Land And Building | 257,584 |
| Other Fixed Assets | 81,614 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 721,648 |
| All Other Assets | 0 |
| TOTAL ASSETS | 102,309,895 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 563,419 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 12,186,227 |
| Regular shares | 36,163,840 |
| All Other Shares & Deposits | 29,564,764 |
| TOTAL SHARES & DEPOSITS | 77,914,829 |
| TOTAL LIABILITIES | 78,478,248 |
| Regular Reserve | 0 |
| Other Reserves | 2,062,119 |
| Undivided Earnings | 21,769,528 |
| TOTAL EQUITY | 23,831,647 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 102,309,895 |
| INCOME & EXPENSE | |
| Loan Income | 2,744,446 |
| Investment Income | 921,806 |
| Other Income | 283,458 |
| Total Employee Compensation & Benefits | 1,216,657 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,299,295 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 207,000 |
| Cost of Funds | 552,895 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,129,505 |
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