Dec, 31, 2023 — BEAVER VALLEY FEDERAL CREDIT UNION is a federal credit union headquartered in BEAVER FALLS, PA with 2 branch locations and about $96.36 million in total assets. Opened 82 years ago in 1942, BEAVER VALLEY FEDERAL CREDIT UNION has about 9,516 members and employs 28 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BEAVER VALLEY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 601 37th St BEAVER FALLS, PA 15010 |
| Phone: | (724) 847-3600 |
| Fax: | (724) 847-9281 |
| Website: | https://www.beavervalleyfcu.org |
| Branches: | 2 branch locations |
| Members: | 9,516 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4794 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1942 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $96,359,865 |
| CEO/Manager: | Aaron D Kniess |
| Chairperson: | Patricia A Rains |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 20,114,916 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 9,726,558 |
| Unsecured Loans | 1,830,971 |
| Other Loans | 20,003,782 |
| TOTAL LOANS | 31,561,311 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -31,009 |
| Land And Building | 647,662 |
| Other Fixed Assets | 297,900 |
| NCUSIF Deposit | 855,484 |
| All Other Assets | 34,134 |
| TOTAL ASSETS | 96,359,865 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 346 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 312,098 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 20,159,178 |
| Regular shares | 56,156,098 |
| All Other Shares & Deposits | 5,034,437 |
| TOTAL SHARES & DEPOSITS | 81,349,713 |
| TOTAL LIABILITIES | 81,662,157 |
| Regular Reserve | 0 |
| Other Reserves | -863,271 |
| Undivided Earnings | 15,560,979 |
| TOTAL EQUITY | 14,697,708 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 96,359,865 |
| INCOME & EXPENSE | |
| Loan Income | 1,345,331 |
| Investment Income | 2,776,148 |
| Other Income | 357,255 |
| Total Employee Compensation & Benefits | 1,700,181 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,533,900 |
| Non-operating Income & (Expense) | -90,153 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,689 |
| Cost of Funds | 61,527 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,883,629 |
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