Dec, 31, 2023 — VAH LYONS EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in LYONS, NJ with 1 branch location and about $28.60 million in total assets. Opened 49 years ago in 1975, VAH LYONS EMPLOYEES FEDERAL CREDIT UNION has about 1,454 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | VAH LYONS EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 151 Knollcroft Rd Bldg 5A LYONS, NJ 07939 |
| Phone: | (908) 647-6952 |
| Fax: | (908) 647-1480 |
| Website: | https://www.vahlyonsefcu.org |
| Branches: | 1 branch locations |
| Members: | 1,454 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 22028 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1975 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $28,600,414 |
| CEO/Manager: | Mark Malinowski |
| Chairperson: | Lori Falzarano-Rozmerski |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 453,099 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 2,863,391 |
| Other Loans | 3,230,595 |
| TOTAL LOANS | 6,093,986 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -108,175 |
| Land And Building | 0 |
| Other Fixed Assets | 13,566 |
| NCUSIF Deposit | 275,795 |
| All Other Assets | 0 |
| TOTAL ASSETS | 28,600,414 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 12,747 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 25,043,753 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 25,043,753 |
| TOTAL LIABILITIES | 25,056,500 |
| Regular Reserve | 0 |
| Other Reserves | -1,879,630 |
| Undivided Earnings | 5,423,544 |
| TOTAL EQUITY | 3,543,914 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 28,600,414 |
| INCOME & EXPENSE | |
| Loan Income | 557,114 |
| Investment Income | 377,161 |
| Other Income | 18,151 |
| Total Employee Compensation & Benefits | 456,891 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 204,293 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 114,943 |
| Cost of Funds | 404,121 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -270,309 |
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