Dec, 31, 2023 — VENTURA COUNTY CREDIT UNION is a federally insured state chartered credit union headquartered in VENTURA, CA with 8 branch locations and about $1.35 billion in total assets. Opened 74 years ago in 1950, VENTURA COUNTY CREDIT UNION has about 75,328 members and employs 203 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | VENTURA COUNTY CREDIT UNION |
|---|---|
| Address: (Main Office) | 2575 Vista Del Mar Dr VENTURA, CA 93001 |
| Phone: | (805) 477-4000 |
| Fax: | (805) 339-4226 |
| Website: | https://onlinebanking.vccuonline.ne |
| Branches: | 8 branch locations |
| Members: | 75,328 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68458 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,354,835,838 |
| CEO/Manager: | Linda Rossi |
| Chairperson: | Roxanne Ostrem |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 56,462,817 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 616,313,861 |
| Unsecured Loans | 76,383,659 |
| Other Loans | 172,736,647 |
| TOTAL LOANS | 865,434,169 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -11,816,380 |
| Land And Building | 23,931,780 |
| Other Fixed Assets | 2,614,004 |
| NCUSIF Deposit | 11,156,906 |
| All Other Assets | 21,692 |
| TOTAL ASSETS | 1,354,835,838 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 706,614 |
| Notes & Interest Payable | 50,000,000 |
| Accounts Payable & Other Liabilities | 22,662,001 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 258,652,824 |
| Regular shares | 451,104,163 |
| All Other Shares & Deposits | 466,632,123 |
| TOTAL SHARES & DEPOSITS | 1,176,389,110 |
| TOTAL LIABILITIES | 1,250,695,352 |
| Regular Reserve | 0 |
| Other Reserves | -12,848,522 |
| Undivided Earnings | 116,989,008 |
| TOTAL EQUITY | 104,140,486 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,354,835,838 |
| INCOME & EXPENSE | |
| Loan Income | 41,428,954 |
| Investment Income | 14,613,533 |
| Other Income | 4,481,686 |
| Total Employee Compensation & Benefits | 19,269,974 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 19,424,993 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,060,841 |
| Cost of Funds | 11,509,356 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 13,396,896 |
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