Dec, 31, 2023 — VALLEY COMMUNITIES CREDIT UNION is a federally insured state chartered credit union headquartered in MOSINEE, WI with 6 branch locations and about $239.22 million in total assets. Opened 89 years ago in 1935, VALLEY COMMUNITIES CREDIT UNION has about 15,338 members and employs 57 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 COMMUNITIES CREDIT UNION |
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Address: (Main Office) | 975 Indianhead Dr MOSINEE, WI 54455-9603 |
Phone: | (715) 693-3400 |
Fax: | (715) 693-4616 |
Website: | https://valleycommunities.org |
Branches: | 6 branch locations |
Members: | 15,338 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66430 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $239,223,003 |
CEO/Manager: | Kelly Hladovcak |
Chairperson: | Elizabeth Jakusz |
ASSETS: | $ Amount |
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Cash & Equivalents | 31,224,672 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 85,446,920 |
Unsecured Loans | 2,575,103 |
Other Loans | 48,675,582 |
TOTAL LOANS | 138,581,214 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -622,866 |
Land And Building | 2,847,634 |
Other Fixed Assets | 192,893 |
NCUSIF Deposit | 1,971,802 |
All Other Assets | 27,864 |
TOTAL ASSETS | 239,223,003 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 2,111 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,512,878 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 38,509,423 |
Regular shares | 86,098,786 |
All Other Shares & Deposits | 82,940,158 |
TOTAL SHARES & DEPOSITS | 207,548,365 |
TOTAL LIABILITIES | 210,063,354 |
Regular Reserve | 0 |
Other Reserves | 190,472 |
Undivided Earnings | 28,969,177 |
TOTAL EQUITY | 29,159,649 |
TOTAL LIABILITIES, SHARES, & EQUITY | 239,223,003 |
INCOME & EXPENSE | |
Loan Income | 6,603,095 |
Investment Income | 3,442,001 |
Other Income | 485,546 |
Total Employee Compensation & Benefits | 4,137,823 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,031,297 |
Non-operating Income & (Expense) | -4,969 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 202,222 |
Cost of Funds | 2,265,028 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,831,326 |
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» See also Statement of Financial Condition