Dec, 31, 2023 — VACATIONLAND FEDERAL CREDIT UNION is a federal credit union headquartered in SANDUSKY, OH with 5 branch locations and about $297.42 million in total assets. Opened 68 years ago in 1956, VACATIONLAND FEDERAL CREDIT UNION has about 20,473 members and employs 68 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | VACATIONLAND FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2911 Hayes Ave SANDUSKY, OH 44870-7206 |
| Phone: | (419) 625-9025 |
| Fax: | |
| Website: | https://vlfcu.org |
| Branches: | 5 branch locations |
| Members: | 20,473 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11293 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $297,418,679 |
| CEO/Manager: | Bryan Myers |
| Chairperson: | Jude Hammond |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,390,325 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 81,065,685 |
| Unsecured Loans | 12,409,299 |
| Other Loans | 92,672,160 |
| TOTAL LOANS | 186,147,144 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,101,497 |
| Land And Building | 6,725,231 |
| Other Fixed Assets | 1,401,359 |
| NCUSIF Deposit | 2,336,930 |
| All Other Assets | 0 |
| TOTAL ASSETS | 297,418,679 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 14,702,102 |
| Accounts Payable & Other Liabilities | 2,513,381 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 51,181,715 |
| Regular shares | 109,210,163 |
| All Other Shares & Deposits | 88,929,270 |
| TOTAL SHARES & DEPOSITS | 249,321,148 |
| TOTAL LIABILITIES | 266,536,631 |
| Regular Reserve | 0 |
| Other Reserves | -6,230,274 |
| Undivided Earnings | 37,112,322 |
| TOTAL EQUITY | 30,882,048 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 297,418,679 |
| INCOME & EXPENSE | |
| Loan Income | 10,335,269 |
| Investment Income | 2,974,355 |
| Other Income | 2,613,269 |
| Total Employee Compensation & Benefits | 5,650,796 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,561,258 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 526,723 |
| Cost of Funds | 2,286,946 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,446,126 |
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