Dec, 31, 2023 — VALLEY FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in BILLINGS, MT with 11 branch locations and about $442.29 million in total assets. Opened 75 years ago in 1949, VALLEY FINANCIAL CREDIT UNION has about 37,565 members and employs 117 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 FINANCIAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1541 Custer Ave BILLINGS, MT 59102 |
| Phone: | (406) 656-9100 |
| Fax: | (406) 655-5085 |
| Website: | https://www.valleyfcu.com |
| Branches: | 11 branch locations |
| Members: | 37,565 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68689 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1949 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $442,285,908 |
| CEO/Manager: | Casey Klein |
| Chairperson: | Wes Oja |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 36,442,769 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 78,221,340 |
| Unsecured Loans | 13,523,809 |
| Other Loans | 228,085,406 |
| TOTAL LOANS | 320,254,748 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,283,294 |
| Land And Building | 9,713,226 |
| Other Fixed Assets | 1,576,065 |
| NCUSIF Deposit | 3,422,715 |
| All Other Assets | 99,400 |
| TOTAL ASSETS | 442,285,908 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 188 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,820,915 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 94,584,078 |
| Regular shares | 123,692,899 |
| All Other Shares & Deposits | 165,586,297 |
| TOTAL SHARES & DEPOSITS | 383,863,274 |
| TOTAL LIABILITIES | 389,695,319 |
| Regular Reserve | 0 |
| Other Reserves | 2,311,885 |
| Undivided Earnings | 50,278,704 |
| TOTAL EQUITY | 52,590,589 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 442,285,908 |
| INCOME & EXPENSE | |
| Loan Income | 17,019,742 |
| Investment Income | 1,728,022 |
| Other Income | 4,793,709 |
| Total Employee Compensation & Benefits | 8,689,241 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 8,840,702 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 971,322 |
| Cost of Funds | 3,315,662 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,752,013 |
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