Dec, 31, 2023 — VIRGINIA STATE UNIVERSITY FEDERAL CREDIT UNION is a federal credit union headquartered in SOUTH CHESTERFIELD, VA with 1 branch location and about $12.01 million in total assets. Opened 85 years ago in 1939, VIRGINIA STATE UNIVERSITY FEDERAL CREDIT UNION has about 1,983 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | VIRGINIA STATE UNIVERSITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3401 Boisseau St SOUTH CHESTERFIELD, VA 23803-2021 |
| Phone: | (804) 526-6708 |
| Fax: | (804) 526-0834 |
| Website: | https://www.vsufcu.org |
| Branches: | 1 branch locations |
| Members: | 1,983 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3029 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $12,014,877 |
| CEO/Manager: | Katrina M Hayes-Peerman |
| Chairperson: | Debera S Bonner |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | -24,672 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 22,874 |
| Unsecured Loans | 2,022,697 |
| Other Loans | 5,983,252 |
| TOTAL LOANS | 8,064,195 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -58,378 |
| Land And Building | 164,780 |
| Other Fixed Assets | 14,533 |
| NCUSIF Deposit | 111,077 |
| All Other Assets | 0 |
| TOTAL ASSETS | 12,014,877 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,349 |
| Notes & Interest Payable | 218,857 |
| Accounts Payable & Other Liabilities | 111,362 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,161,166 |
| Regular shares | 7,084,110 |
| All Other Shares & Deposits | 444,053 |
| TOTAL SHARES & DEPOSITS | 10,689,332 |
| TOTAL LIABILITIES | 11,020,900 |
| Regular Reserve | 0 |
| Other Reserves | 568,657 |
| Undivided Earnings | 425,320 |
| TOTAL EQUITY | 993,977 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 12,014,877 |
| INCOME & EXPENSE | |
| Loan Income | 540,431 |
| Investment Income | 51,463 |
| Other Income | 200,098 |
| Total Employee Compensation & Benefits | 293,333 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 462,070 |
| Non-operating Income & (Expense) | 9,123 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 48,743 |
| Cost of Funds | 18,277 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,044 |
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