Dec, 31, 2023 — MINT VALLEY FEDERAL CREDIT UNION is a federal credit union headquartered in LONGVIEW, WA with 1 branch location and about $21.94 million in total assets. Opened 88 years ago in 1936, MINT VALLEY FEDERAL CREDIT UNION has about 2,050 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MINT VALLEY FEDERAL CREDIT UNION |
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Address: (Main Office) | 3325 Washington Way LONGVIEW, WA 98632 |
Phone: | (360) 425-5444 |
Fax: | (360) 501-6662 |
Website: | https://www.mintvalleyfcu.org |
Branches: | 1 branch locations |
Members: | 2,050 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1827 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $21,937,707 |
CEO/Manager: | Dori M Harvel |
Chairperson: | Andre' K Lindberg |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,113,213 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 565,817 |
Unsecured Loans | 1,232,800 |
Other Loans | 13,339,348 |
TOTAL LOANS | 15,137,965 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -159,560 |
Land And Building | 51,406 |
Other Fixed Assets | 16,189 |
NCUSIF Deposit | 206,142 |
All Other Assets | 0 |
TOTAL ASSETS | 21,937,707 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 159,255 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,172,887 |
Regular shares | 10,461,620 |
All Other Shares & Deposits | 4,561,078 |
TOTAL SHARES & DEPOSITS | 18,195,585 |
TOTAL LIABILITIES | 18,354,840 |
Regular Reserve | 0 |
Other Reserves | 609,825 |
Undivided Earnings | 2,973,042 |
TOTAL EQUITY | 3,582,867 |
TOTAL LIABILITIES, SHARES, & EQUITY | 21,937,707 |
INCOME & EXPENSE | |
Loan Income | 965,230 |
Investment Income | 294,602 |
Other Income | 98,468 |
Total Employee Compensation & Benefits | 539,108 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 633,646 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 96,965 |
Cost of Funds | 48,558 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 182,797 |
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