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VALLEY FIRST CREDIT UNION

Dec, 31, 2023 — VALLEY FIRST CREDIT UNION is a federally insured state chartered credit union headquartered in MODESTO, CA with 8 branch locations and about $1.02 billion in total assets. Opened 68 years ago in 1956, VALLEY FIRST CREDIT UNION has about 78,174 members and employs 170 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 321173522
Name:VALLEY FIRST CREDIT UNION
Address:
(Main Office)
1005 W Orangeburg Ave
MODESTO, CA 95350
Phone:(209) 549-8500
Fax:(209) 579-4120
Website:https://www.valleyfirstcu.org
Branches:8 branch locations
Members:78,174
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:68402
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1956
Last Audited:Dec 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$1,019,297,446
CEO/Manager:Kathryn Davis
Chairperson:Chris Peterson

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 76,043,132
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 200,129,262
 Unsecured Loans 55,164,728
 Other Loans 485,171,889
 TOTAL LOANS 740,465,879
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -8,461,911
 Land And Building 5,724,759
 Other Fixed Assets 11,833,680
 NCUSIF Deposit 7,807,594
 All Other Assets 1,608,967
  TOTAL ASSETS 1,019,297,446
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 118,000,000
 Accounts Payable & Other Liabilities 16,006,796
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 162,794,621
 Regular shares 361,547,511
 All Other Shares & Deposits 277,189,592
  TOTAL SHARES & DEPOSITS 801,531,724
  TOTAL LIABILITIES 935,538,520
 Regular Reserve 0
 Other Reserves -7,133,759
 Undivided Earnings 90,892,685
  TOTAL EQUITY 83,758,926
  TOTAL LIABILITIES, SHARES, & EQUITY 1,019,297,446
INCOME & EXPENSE  
 Loan Income 37,456,778
 Investment Income 4,278,903
 Other Income 7,267,246
 Total Employee Compensation & Benefits 15,157,226
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 18,369,498
 Non-operating Income & (Expense) -386
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 3,206,290
 Cost of Funds 10,258,070
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 9,414,726
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