Dec, 31, 2023 — RVA FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in RICHMOND, VA with 2 branch locations and about $79.26 million in total assets. Opened 74 years ago in 1950, RVA FINANCIAL FEDERAL CREDIT UNION has about 9,053 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: | RVA FINANCIAL FEDERAL CREDIT UNION |
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Address: (Main Office) | 1700 Robin Hood Rd RICHMOND, VA 23220 |
Phone: | (804) 359-8754 |
Fax: | (804) 359-4995 |
Website: | https://www.rvafinancial.com |
Branches: | 2 branch locations |
Members: | 9,053 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 6878 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1950 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $79,255,068 |
CEO/Manager: | Cindy Lindsey |
Chairperson: | Rayford L Harris Jr |
ASSETS: | $ Amount |
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Cash & Equivalents | 9,257,042 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 28,474,614 |
Unsecured Loans | 6,518,436 |
Other Loans | 18,984,803 |
TOTAL LOANS | 53,977,853 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -327,418 |
Land And Building | 301,848 |
Other Fixed Assets | 865,335 |
NCUSIF Deposit | 709,575 |
All Other Assets | 0 |
TOTAL ASSETS | 79,255,068 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 6,179,037 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 16,031,213 |
Regular shares | 34,454,223 |
All Other Shares & Deposits | 14,990,676 |
TOTAL SHARES & DEPOSITS | 65,476,112 |
TOTAL LIABILITIES | 71,655,149 |
Regular Reserve | 0 |
Other Reserves | 775,860 |
Undivided Earnings | 6,824,059 |
TOTAL EQUITY | 7,599,919 |
TOTAL LIABILITIES, SHARES, & EQUITY | 79,255,068 |
INCOME & EXPENSE | |
Loan Income | 2,972,059 |
Investment Income | 299,323 |
Other Income | 1,264,432 |
Total Employee Compensation & Benefits | 1,736,679 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,444,449 |
Non-operating Income & (Expense) | 142,155 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 124,101 |
Cost of Funds | 316,596 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 25,361 |
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