Dec, 31, 2023 — OHIO VALLEY FEDERAL CREDIT UNION is a federal credit union headquartered in BATAVIA, OH with 1 branch location and about $27.76 million in total assets. Opened 47 years ago in 1977, OHIO VALLEY FEDERAL CREDIT UNION has about 2,226 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | OHIO VALLEY FEDERAL CREDIT UNION |
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Address: (Main Office) | 2091 James E Sauls Sr Dr BATAVIA, OH 45103-3255 |
Phone: | (513) 724-6098 |
Fax: | (513) 724-6093 |
Website: | https://www.ovfcu.org |
Branches: | 1 branch locations |
Members: | 2,226 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 22688 |
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Membership Type: | Multiple common bond - Primarily machinery |
Corporate Credit Union: | No |
Year Opened: | 1977 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $27,763,493 |
CEO/Manager: | Charles L Ward |
Chairperson: | John Zehler |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,952,249 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 4,647,874 |
Unsecured Loans | 586,773 |
Other Loans | 6,038,079 |
TOTAL LOANS | 12,055,693 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -86,800 |
Land And Building | 142,162 |
Other Fixed Assets | 40,411 |
NCUSIF Deposit | 280,803 |
All Other Assets | 0 |
TOTAL ASSETS | 27,763,493 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 65,105 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 6,591,338 |
Regular shares | 10,854,526 |
All Other Shares & Deposits | 8,094,517 |
TOTAL SHARES & DEPOSITS | 25,540,382 |
TOTAL LIABILITIES | 25,605,487 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 2,158,006 |
TOTAL EQUITY | 2,158,006 |
TOTAL LIABILITIES, SHARES, & EQUITY | 27,763,493 |
INCOME & EXPENSE | |
Loan Income | 700,943 |
Investment Income | 289,776 |
Other Income | 72,322 |
Total Employee Compensation & Benefits | 408,416 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 649,908 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 124,283 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 10,069 |
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