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 |
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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 |
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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 |
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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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