Jun, 30, 2021 — VALDOSTA TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in Valdosta, GA with 1 branch location and about $11.91 million in total assets. Opened 63 years ago in 1958, VALDOSTA TEACHERS FEDERAL CREDIT UNION has about 2,297 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: | 2,297 |
| 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: | $11,914,323 |
| CEO/Manager: | Katy Houston |
| Chairperson: | Willie C Ferrebee |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,382,486 |
| TOTAL INVESTMENTS | 5,751,860 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 116,455 |
| Unsecured Loans | 900,982 |
| Other Loans | 2,688,310 |
| TOTAL LOANS | 3,869,657 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -64,307 |
| Land And Building | 305,998 |
| Other Fixed Assets | 39,993 |
| NCUSIF Deposit | 87,996 |
| All Other Assets | 540,640 |
| TOTAL ASSETS | 11,914,323 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 889 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 164,959 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,800,587 |
| Regular shares | 4,971,866 |
| All Other Shares & Deposits | 3,599,756 |
| TOTAL SHARES & DEPOSITS | 10,372,209 |
| TOTAL LIABILITIES | 10,538,057 |
| Regular Reserve | 279,011 |
| Other Reserves | 0 |
| Undivided Earnings | 1,097,255 |
| TOTAL EQUITY | 1,376,266 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 11,914,323 |
| INCOME & EXPENSE | |
| Loan Income | 134,834 |
| Investment Income | 18,024 |
| Other Income | 49,077 |
| Total Employee Compensation & Benefits | 146,479 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 115,981 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,385 |
| Cost of Funds | 9,093 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -48,686 |
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