Sep, 30, 2025 — MARTINSVILLE DUPONT EMP CREDIT UNION is a federally insured state chartered credit union headquartered in MARTINSVILLE, VA with 6 branch locations and about $545.89 million in total assets. Opened 73 years ago in 1953, MARTINSVILLE DUPONT EMP CREDIT UNION has about 37,245 members and employs 154 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MARTINSVILLE DUPONT EMP CREDIT UNION |
|---|---|
| Address: (Main Office) | 35 Dupont Rd MARTINSVILLE, VA 24112-4618 |
| Phone: | (276) 632-1679 |
| Fax: | (276) 632-9610 |
| Website: | https://www.valleystar.org |
| Branches: | 6 branch locations |
| Members: | 37,245 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66924 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $545,891,777 |
| CEO/Manager: | Mike Warrell |
| Chairperson: | James B Rorrer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,784,552 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 286,097,533 |
| Unsecured Loans | 28,329,814 |
| Other Loans | 72,744,279 |
| TOTAL LOANS | 387,611,610 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,079,752 |
| Land And Building | 18,472,929 |
| Other Fixed Assets | 3,877,692 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 4,368,220 |
| All Other Assets | 0 |
| TOTAL ASSETS | 545,891,777 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 5,069 |
| Notes & Interest Payable | 55,051,720 |
| Accounts Payable & Other Liabilities | 7,982,394 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 91,710,740 |
| Regular shares | 171,930,176 |
| All Other Shares & Deposits | 173,774,333 |
| TOTAL SHARES & DEPOSITS | 437,415,249 |
| TOTAL LIABILITIES | 500,454,432 |
| Regular Reserve | 0 |
| Other Reserves | -549,764 |
| Undivided Earnings | 45,987,109 |
| TOTAL EQUITY | 45,437,345 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 545,891,777 |
| INCOME & EXPENSE | |
| Loan Income | 19,347,696 |
| Investment Income | 2,720,164 |
| Other Income | 2,672,949 |
| Total Employee Compensation & Benefits | 11,736,039 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 9,493,991 |
| Non-operating Income & (Expense) | -46,988 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,711,288 |
| Cost of Funds | 6,556,529 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -2,260,876 |
| ↑ Back to Top | |