Sep, 30, 2022 — RVA FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in RICHMOND, VA with 2 branch locations and about $81.34 million in total assets. Opened 73 years ago in 1950, RVA FINANCIAL FEDERAL CREDIT UNION has about 10,930 members and employs 21 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | RVA FINANCIAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1700 Robin Hood Rd RICHMOND, VA 23220 |
| Phone: | (804) 359-8754 |
| Fax: | (804) 359-4995 |
| Website: | https://www.rvafinancial.com |
| Branches: | 2 branch locations |
| Members: | 10,930 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6878 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $81,344,035 |
| CEO/Manager: | Richard Preble |
| Chairperson: | Rayford L Harris Jr |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,476,002 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 29,208,868 |
| Unsecured Loans | 5,717,723 |
| Other Loans | 21,714,618 |
| TOTAL LOANS | 56,641,209 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -450,745 |
| Land And Building | 377,642 |
| Other Fixed Assets | 880,413 |
| NCUSIF Deposit | 729,861 |
| All Other Assets | 0 |
| TOTAL ASSETS | 81,344,035 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,238,882 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 17,802,941 |
| Regular shares | 38,968,599 |
| All Other Shares & Deposits | 15,822,743 |
| TOTAL SHARES & DEPOSITS | 72,594,283 |
| TOTAL LIABILITIES | 73,833,165 |
| Regular Reserve | 0 |
| Other Reserves | 775,860 |
| Undivided Earnings | 6,735,010 |
| TOTAL EQUITY | 7,510,870 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 81,344,035 |
| INCOME & EXPENSE | |
| Loan Income | 1,836,307 |
| Investment Income | 180,448 |
| Other Income | 991,419 |
| Total Employee Compensation & Benefits | 1,380,898 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,027,097 |
| Non-operating Income & (Expense) | 41,173 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -6,471 |
| Cost of Funds | 218,705 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 267,939 |
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