Dec, 31, 2023 — VASCO FEDERAL CREDIT UNION is a federal credit union headquartered in LATROBE, PA with 1 branch location and about $31.33 million in total assets. Opened 57 years ago in 1967, VASCO FEDERAL CREDIT UNION has about 1,863 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | VASCO FEDERAL CREDIT UNION |
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Address: (Main Office) | 432 Depot St LATROBE, PA 15650 |
Phone: | (724) 539-2858 |
Fax: | (724) 537-2530 |
Website: | https://www.vascofcu.com |
Branches: | 1 branch locations |
Members: | 1,863 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 18301 |
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Membership Type: | Multiple common bond - Primarily primary and fabricated metals |
Corporate Credit Union: | No |
Year Opened: | 1967 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $31,327,129 |
CEO/Manager: | Garth D Chase |
Chairperson: | Howard W Caldwell |
ASSETS: | $ Amount |
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Cash & Equivalents | 879,012 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,843,871 |
Unsecured Loans | 494,404 |
Other Loans | 3,332,781 |
TOTAL LOANS | 5,671,056 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -11,931 |
Land And Building | 31,720 |
Other Fixed Assets | 9,172 |
NCUSIF Deposit | 307,006 |
All Other Assets | 0 |
TOTAL ASSETS | 31,327,129 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 35,735 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 102,485 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,454,083 |
Regular shares | 18,299,247 |
All Other Shares & Deposits | 5,005,275 |
TOTAL SHARES & DEPOSITS | 27,758,605 |
TOTAL LIABILITIES | 27,896,825 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 3,430,304 |
TOTAL EQUITY | 3,430,304 |
TOTAL LIABILITIES, SHARES, & EQUITY | 31,327,129 |
INCOME & EXPENSE | |
Loan Income | 248,505 |
Investment Income | 924,212 |
Other Income | 25,952 |
Total Employee Compensation & Benefits | 308,625 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 308,613 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -5,748 |
Cost of Funds | 331,418 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 351,459 |
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