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VACATIONLAND FEDERAL CREDIT UNION

Dec, 31, 2020 — VACATIONLAND FEDERAL CREDIT UNION is a federal credit union headquartered in Sandusky, OH with 5 branch locations and about $283.04 million in total assets. Opened 65 years ago in 1956, VACATIONLAND FEDERAL CREDIT UNION has about 20,184 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.


ABA Routing Number: 241281471
Name:VACATIONLAND FEDERAL CREDIT UNION
Address:
(Main Office)
2911 Hayes Ave
Sandusky, OH 44870-7206
Phone:(419) 625-9025
Fax:
Website:http://vlfcu.org
Branches:5 branch locations
Members:20,184
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, 2019
FHLB Member:Yes
Low Income Designation:No
Assets:$283,039,359
CEO/Manager:Bryan Myers
Chairperson:Jude Hammond

Call Report

  • Commercial Loans
  • Debt Cancellation/Suspension
  • Indirect Consumer Loans
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • First Time Homebuyer Program
  • Insurance/Investment Sales
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 20,743,342
TOTAL INVESTMENTS 56,005,147
Loans Held for Sale 0
 
 Real Estate Loans 79,358,678
 Unsecured Loans 19,382,496
 Other Loans 88,079,618
 TOTAL LOANS 186,858,284
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,994,434
 Land And Building 5,452,049
 Other Fixed Assets 934,812
 NCUSIF Deposit 2,106,231
 All Other Assets 12,933,928
  TOTAL ASSETS 283,039,359
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 26,422,133
 Accounts Payable & Other Liabilities 422,185
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 44,169,764
 Regular shares 95,327,175
 All Other Shares & Deposits 86,781,379
  TOTAL SHARES & DEPOSITS 226,278,318
  TOTAL LIABILITIES 253,122,636
 Regular Reserve 2,870,959
 Other Reserves 1,547,138
 Undivided Earnings 25,498,626
  TOTAL EQUITY 29,916,723
  TOTAL LIABILITIES, SHARES, & EQUITY 283,039,359
INCOME & EXPENSE  
 Loan Income 9,000,011
 Investment Income 1,688,164
 Other Income 3,586,229
 Total Employee Compensation & Benefits 5,151,605
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 4,887,904
 Non-operating Income & (Expense) 26,308
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,045,000
 Cost of Funds 1,862,369
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,353,834
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