Dec, 31, 2023 — WEST BRANCH VALLEY FEDERAL CREDIT UNION is a federal credit union headquartered in WILLIAMSPORT, PA with 1 branch location and about $50.58 million in total assets. Opened 72 years ago in 1952, WEST BRANCH VALLEY FEDERAL CREDIT UNION has about 4,680 members and employs 18 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | WEST BRANCH VALLEY FEDERAL CREDIT UNION |
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Address: (Main Office) | 1640 High St WILLIAMSPORT, PA 17701 |
Phone: | (570) 323-9407 |
Fax: | (570) 323-2154 |
Website: | https://www.wbvfcu.org |
Branches: | 1 branch locations |
Members: | 4,680 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 7821 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1952 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $50,580,587 |
CEO/Manager: | Danna L Houseknecht |
Chairperson: | John C Lauchle |
ASSETS: | $ Amount |
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Cash & Equivalents | 213,739 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 4,904,276 |
Unsecured Loans | 5,516,005 |
Other Loans | 15,552,761 |
TOTAL LOANS | 25,973,042 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -136,932 |
Land And Building | 251,716 |
Other Fixed Assets | 145,109 |
NCUSIF Deposit | 485,419 |
All Other Assets | 0 |
TOTAL ASSETS | 50,580,587 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 5,917 |
Notes & Interest Payable | 440,624 |
Accounts Payable & Other Liabilities | 111,727 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 10,601,777 |
Regular shares | 30,883,911 |
All Other Shares & Deposits | 5,217,731 |
TOTAL SHARES & DEPOSITS | 46,703,419 |
TOTAL LIABILITIES | 47,261,687 |
Regular Reserve | 0 |
Other Reserves | -605,614 |
Undivided Earnings | 3,924,514 |
TOTAL EQUITY | 3,318,900 |
TOTAL LIABILITIES, SHARES, & EQUITY | 50,580,587 |
INCOME & EXPENSE | |
Loan Income | 1,181,884 |
Investment Income | 448,453 |
Other Income | 297,233 |
Total Employee Compensation & Benefits | 931,114 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 960,694 |
Non-operating Income & (Expense) | -71,230 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 150,486 |
Cost of Funds | 150,512 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -33,339 |
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