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VALLEY FEDERAL CREDIT UNION

Dec, 31, 2023 — VALLEY FEDERAL CREDIT UNION is a federal credit union headquartered in BROWNSVILLE, TX with 2 branch locations and about $101.94 million in total assets. Opened 89 years ago in 1935, VALLEY FEDERAL CREDIT UNION has about 9,346 members and employs 34 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 314978132
Name:VALLEY FEDERAL CREDIT UNION
Address:
(Main Office)
PO Box 4700
BROWNSVILLE, TX 78523-4700
Phone:(956) 546-3108
Fax:(956) 544-5404
Website:https://www.vfcu.net
Branches:2 branch locations
Members:9,346
Credit Union Type:Federal Credit Union
Charter Number:850
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1935
Last Audited:Jun 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$101,943,834
CEO/Manager:Norma S Jasso
Chairperson:Marc Hernandez

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 7,315,914
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 3,192,887
 Unsecured Loans 18,929,741
 Other Loans 38,117,730
 TOTAL LOANS 61,298,617
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -388,473
 Land And Building 2,808,661
 Other Fixed Assets 381,839
 NCUSIF Deposit 876,546
 All Other Assets 0
  TOTAL ASSETS 101,943,834
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 420,042
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 19,915,521
 Regular shares 44,256,668
 All Other Shares & Deposits 24,084,619
  TOTAL SHARES & DEPOSITS 88,256,808
  TOTAL LIABILITIES 88,676,850
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 13,266,984
  TOTAL EQUITY 13,266,984
  TOTAL LIABILITIES, SHARES, & EQUITY 101,943,834
INCOME & EXPENSE  
 Loan Income 4,364,232
 Investment Income 665,156
 Other Income 1,639,661
 Total Employee Compensation & Benefits 2,436,260
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,620,359
 Non-operating Income & (Expense) 5,192
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 129,393
 Cost of Funds 539,476
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 416,876
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