Dec, 31, 2023 — VALLEY 1ST COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in MONESSEN, PA with 2 branch locations and about $99.93 million in total assets. Opened 89 years ago in 1935, VALLEY 1ST COMMUNITY FEDERAL CREDIT UNION has about 7,074 members and employs 19 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: | 7,074 |
| 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, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $99,930,039 |
| CEO/Manager: | Michael Rochelle |
| Chairperson: | MARK SOBOSLAI |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,785,333 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 22,828,130 |
| Unsecured Loans | 6,586,261 |
| Other Loans | 18,407,357 |
| TOTAL LOANS | 47,821,748 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -848,815 |
| Land And Building | 329,328 |
| Other Fixed Assets | 38,810 |
| NCUSIF Deposit | 762,412 |
| All Other Assets | 0 |
| TOTAL ASSETS | 99,930,039 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,167,892 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 12,003,429 |
| Regular shares | 36,341,026 |
| All Other Shares & Deposits | 28,714,664 |
| TOTAL SHARES & DEPOSITS | 77,059,119 |
| TOTAL LIABILITIES | 78,227,011 |
| Regular Reserve | 0 |
| Other Reserves | 1,882,101 |
| Undivided Earnings | 19,820,927 |
| TOTAL EQUITY | 21,703,028 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 99,930,039 |
| INCOME & EXPENSE | |
| Loan Income | 2,609,690 |
| Investment Income | 1,127,167 |
| Other Income | 333,149 |
| Total Employee Compensation & Benefits | 1,309,304 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,485,173 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 357,000 |
| Cost of Funds | 538,521 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 711,664 |
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