Dec, 31, 2023 — TUSCALOOSA V A FEDERAL CREDIT UNION is a federal credit union headquartered in TUSCALOOSA, AL with 2 branch locations and about $44.81 million in total assets. Opened 73 years ago in 1951, TUSCALOOSA V A FEDERAL CREDIT UNION has about 3,247 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | TUSCALOOSA V A FEDERAL CREDIT UNION |
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Address: (Main Office) | 3701 Loop Rd TUSCALOOSA, AL 35404 |
Phone: | (205) 556-7819 |
Fax: | (205) 553-1629 |
Website: | https://www.tvacu.com |
Branches: | 2 branch locations |
Members: | 3,247 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 7532 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1951 |
Last Audited: | Sep 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $44,814,133 |
CEO/Manager: | Phillip Blankenship |
Chairperson: | Nina Cephus |
ASSETS: | $ Amount |
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Cash & Equivalents | 6,375,722 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 7,026,787 |
Unsecured Loans | 1,232,774 |
Other Loans | 12,982,656 |
TOTAL LOANS | 21,242,217 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -229,340 |
Land And Building | 0 |
Other Fixed Assets | 76,761 |
NCUSIF Deposit | 415,370 |
All Other Assets | 15,000 |
TOTAL ASSETS | 44,814,133 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,099 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 397,216 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 7,543,968 |
Regular shares | 17,108,616 |
All Other Shares & Deposits | 15,271,051 |
TOTAL SHARES & DEPOSITS | 39,923,635 |
TOTAL LIABILITIES | 40,321,950 |
Regular Reserve | 0 |
Other Reserves | -1,409,033 |
Undivided Earnings | 5,901,216 |
TOTAL EQUITY | 4,492,183 |
TOTAL LIABILITIES, SHARES, & EQUITY | 44,814,133 |
INCOME & EXPENSE | |
Loan Income | 961,603 |
Investment Income | 646,643 |
Other Income | 348,094 |
Total Employee Compensation & Benefits | 661,762 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 754,608 |
Non-operating Income & (Expense) | -46 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 34,300 |
Cost of Funds | 221,708 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 282,266 |
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