Dec, 31, 2023 — VALWOOD PARK FEDERAL CREDIT UNION is a federal credit union headquartered in CARROLLTON, TX with 1 branch location and about $26.26 million in total assets. Opened 50 years ago in 1974, VALWOOD PARK FEDERAL CREDIT UNION has about 2,737 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | VALWOOD PARK FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1001 E Crosby Rd CARROLLTON, TX 75006-7260 |
| Phone: | (972) 446-0540 |
| Fax: | (972) 245-6783 |
| Website: | https://www.valwoodpark.com |
| Branches: | 1 branch locations |
| Members: | 2,737 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 21788 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1974 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $26,260,146 |
| CEO/Manager: | Ronnye Parma |
| Chairperson: |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,417,850 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 244,537 |
| Unsecured Loans | 1,443,628 |
| Other Loans | 16,507,371 |
| TOTAL LOANS | 18,195,536 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -76,852 |
| Land And Building | 242,562 |
| Other Fixed Assets | 80,214 |
| NCUSIF Deposit | 226,234 |
| All Other Assets | 0 |
| TOTAL ASSETS | 26,260,146 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 58,095 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 137,324 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,003,415 |
| Regular shares | 13,022,902 |
| All Other Shares & Deposits | 2,524,663 |
| TOTAL SHARES & DEPOSITS | 24,550,980 |
| TOTAL LIABILITIES | 24,746,399 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,513,747 |
| TOTAL EQUITY | 1,513,747 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 26,260,146 |
| INCOME & EXPENSE | |
| Loan Income | 834,150 |
| Investment Income | 139,914 |
| Other Income | 107,969 |
| Total Employee Compensation & Benefits | 389,680 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,059,805 |
| Non-operating Income & (Expense) | -8,244 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 37,264 |
| Cost of Funds | 129,192 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -2,377,671 |
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