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BEDFORD VA FEDERAL CREDIT UNION

Dec, 31, 2023 — BEDFORD VA FEDERAL CREDIT UNION is a federal credit union headquartered in BEDFORD, MA with 1 branch location and about $3.04 million in total assets. Opened 64 years ago in 1960, BEDFORD VA FEDERAL CREDIT UNION has about 658 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:BEDFORD VA FEDERAL CREDIT UNION
Address:
(Main Office)
200 SPRINGS ROAD
BEDFORD, MA 01730-1114
Phone:(781) 687-2446
Fax:(781) 687-2671
Website:www.bedfordvafcu.org
Branches:1 branch locations
Members:658
Credit Union Type:Federal Credit Union
Charter Number:13859
Membership Type:Service - Health Care
Corporate Credit Union:No
Year Opened:1960
Last Audited:Jun 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$3,038,787
CEO/Manager:Julia Oliverio
Chairperson:Nicole M Powell

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 973,783
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 512,703
 Other Loans 1,166,382
 TOTAL LOANS 1,679,085
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -46,779
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 21,898
 All Other Assets 0
  TOTAL ASSETS 3,038,787
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 189,636
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,984,326
 All Other Shares & Deposits 65,059
  TOTAL SHARES & DEPOSITS 2,049,385
  TOTAL LIABILITIES 2,239,021
 Regular Reserve 0
 Other Reserves 98,601
 Undivided Earnings 701,165
  TOTAL EQUITY 799,766
  TOTAL LIABILITIES, SHARES, & EQUITY 3,038,787
INCOME & EXPENSE  
 Loan Income 102,740
 Investment Income 4,232
 Other Income 586
 Total Employee Compensation & Benefits 18,670
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 59,517
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 44,000
 Cost of Funds 1,856
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -15,138
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