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.
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 |
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 |
↑ Back to Top |