Mar, 31, 2021 — RVA FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in RICHMOND, VA with 2 branch locations and about $78.16 million in total assets. Opened 71 years ago in 1950, RVA FINANCIAL FEDERAL CREDIT UNION has about 10,356 members and employs 23 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: | http://www.rvafinancial.com |
| Branches: | 2 branch locations |
| Members: | 10,356 |
| 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, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $78,155,716 |
| CEO/Manager: | Richard Preble |
| Chairperson: | Rayford L Harris Jr |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 24,590,142 |
| TOTAL INVESTMENTS | 10,981,919 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 12,290,612 |
| Unsecured Loans | 6,067,327 |
| Other Loans | 21,726,859 |
| TOTAL LOANS | 40,084,798 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -579,389 |
| Land And Building | 345,879 |
| Other Fixed Assets | 481,483 |
| NCUSIF Deposit | 644,383 |
| All Other Assets | 1,606,501 |
| TOTAL ASSETS | 78,155,716 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 453,944 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 18,005,319 |
| Regular shares | 38,565,205 |
| All Other Shares & Deposits | 15,498,149 |
| TOTAL SHARES & DEPOSITS | 72,068,673 |
| TOTAL LIABILITIES | 72,522,617 |
| Regular Reserve | 775,860 |
| Other Reserves | 0 |
| Undivided Earnings | 4,857,239 |
| TOTAL EQUITY | 5,633,099 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 78,155,716 |
| INCOME & EXPENSE | |
| Loan Income | 668,726 |
| Investment Income | 40,423 |
| Other Income | 326,976 |
| Total Employee Compensation & Benefits | 484,406 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 593,627 |
| Non-operating Income & (Expense) | 39,527 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -15,093 |
| Cost of Funds | 79,398 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 103,496 |
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