LOWER VALLEY CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.lvcu.org for more information.
Dec, 31, 2023 — LOWER VALLEY CREDIT UNION is a federally insured state chartered credit union headquartered in Sunnyside, WA with 4 branch locations and about $128.39 million in total assets. Opened 66 years ago in 1958, LOWER VALLEY CREDIT UNION has about 18,679 members and employs 48 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LOWER VALLEY CREDIT UNION |
|---|---|
| Address: (Main Office) | 900 Yakima Valley Hwy Sunnyside, WA 98944-1357 |
| Phone: | (509) 837-5295 |
| Fax: | (509) 837-6275 |
| Website: | https://www.lvcu.org |
| Branches: | 4 branch locations |
| Members: | 18,679 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68304 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Mar 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $128,387,572 |
| CEO/Manager: | Suzy Fonseca |
| Chairperson: | Cus Arteaga |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,955,114 |
| TOTAL INVESTMENTS | 2,524,406 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 15,261,228 |
| Unsecured Loans | 4,127,989 |
| Other Loans | 86,986,638 |
| TOTAL LOANS | 106,375,855 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,760,979 |
| Land And Building | 6,881,638 |
| Other Fixed Assets | 2,142,681 |
| NCUSIF Deposit | 1,193,883 |
| All Other Assets | 1,074,974 |
| TOTAL ASSETS | 128,387,572 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 410,279 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 20,002,780 |
| Regular shares | 46,960,681 |
| All Other Shares & Deposits | 51,206,645 |
| TOTAL SHARES & DEPOSITS | 118,170,106 |
| TOTAL LIABILITIES | 118,580,385 |
| Regular Reserve | 1,831,033 |
| Other Reserves | 2,235,858 |
| Undivided Earnings | 5,740,296 |
| TOTAL EQUITY | 9,807,187 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 128,387,572 |
| INCOME & EXPENSE | |
| Loan Income | 8,619,958 |
| Investment Income | 79,575 |
| Other Income | 2,252,375 |
| Total Employee Compensation & Benefits | 3,166,427 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,316,270 |
| Non-operating Income & (Expense) | 211,835 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,229,365 |
| Cost of Funds | 1,401,728 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,049,953 |
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