Dec, 31, 2023 — MAHONING VALLEY FEDERAL CREDIT UNION is a federal credit union headquartered in YOUNGSTOWN, OH with 1 branch location and about $669,259 in total assets. Opened 63 years ago in 1961, MAHONING VALLEY FEDERAL CREDIT UNION has about 213 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MAHONING VALLEY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 15 Colonial Dr Ste 14 YOUNGSTOWN, OH 44505-2164 |
| Phone: | (330) 759-9570 |
| Fax: | |
| Website: | https://www.mahoningvalleyfcu.com |
| Branches: | 1 branch locations |
| Members: | 213 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14469 |
|---|---|
| Membership Type: | Service - Health Care |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $669,259 |
| CEO/Manager: | joan bulmer |
| Chairperson: | Linda Salter |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 156,647 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 92,048 |
| Other Loans | 194,578 |
| TOTAL LOANS | 286,627 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | 1,664 |
| Land And Building | 0 |
| Other Fixed Assets | 309 |
| NCUSIF Deposit | 5,864 |
| All Other Assets | 0 |
| TOTAL ASSETS | 669,259 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,987 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 526,944 |
| All Other Shares & Deposits | 4,117 |
| TOTAL SHARES & DEPOSITS | 531,061 |
| TOTAL LIABILITIES | 534,048 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 135,211 |
| TOTAL EQUITY | 135,211 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 669,259 |
| INCOME & EXPENSE | |
| Loan Income | 28,737 |
| Investment Income | 5,649 |
| Other Income | 5,136 |
| Total Employee Compensation & Benefits | 26,109 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 30,744 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -375 |
| Cost of Funds | 764 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -17,636 |
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