Dec, 31, 2020 — VALDOSTA TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in Valdosta, GA with 1 branch location and about $10.35 million in total assets. Opened 63 years ago in 1958, VALDOSTA TEACHERS FEDERAL CREDIT UNION has about 2,255 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | VALDOSTA TEACHERS FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 102 E. Force Street Valdosta, GA 31601-3904 |
Phone: | (229) 247-9930 |
Fax: | (229) 247-1949 |
Website: | http://www.valdostateachersfcu.org |
Branches: | 1 branch locations |
Members: | 2,255 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 12290 |
---|---|
Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1958 |
Last Audited: | Sep 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $10,350,963 |
CEO/Manager: | Katy Houston |
Chairperson: | Willie C Ferrebee |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 755,583 |
TOTAL INVESTMENTS | 4,451,860 |
Loans Held for Sale | 0 |
Real Estate Loans | 124,432 |
Unsecured Loans | 1,017,847 |
Other Loans | 2,905,545 |
TOTAL LOANS | 4,239,925 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -57,932 |
Land And Building | 312,024 |
Other Fixed Assets | 46,767 |
NCUSIF Deposit | 71,182 |
All Other Assets | 531,554 |
TOTAL ASSETS | 10,350,963 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,235 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 82,090 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,480,388 |
Regular shares | 4,134,967 |
All Other Shares & Deposits | 3,227,330 |
TOTAL SHARES & DEPOSITS | 8,842,685 |
TOTAL LIABILITIES | 8,926,010 |
Regular Reserve | 279,011 |
Other Reserves | 0 |
Undivided Earnings | 1,145,942 |
TOTAL EQUITY | 1,424,953 |
TOTAL LIABILITIES, SHARES, & EQUITY | 10,350,963 |
INCOME & EXPENSE | |
Loan Income | 281,687 |
Investment Income | 55,486 |
Other Income | 147,995 |
Total Employee Compensation & Benefits | 294,011 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 247,744 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,815 |
Cost of Funds | 23,235 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -89,637 |
↑ Back to Top |