VERMILLION FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.vermillionfcu.com for more information.
Dec, 31, 2023 — VERMILLION FEDERAL CREDIT UNION is a federal credit union headquartered in VERMILLION, SD with 1 branch location and about $28.69 million in total assets. Opened 65 years ago in 1959, VERMILLION FEDERAL CREDIT UNION has about 2,837 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | VERMILLION FEDERAL CREDIT UNION |
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Address: (Main Office) | 105 E CHERRY ST VERMILLION, SD 57069 |
Phone: | (605) 677-5214 |
Fax: | (605) 677-5449 |
Website: | https://www.vermillionfcu.com |
Branches: | 1 branch locations |
Members: | 2,837 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 12983 |
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Membership Type: | Community - Rural District |
Corporate Credit Union: | No |
Year Opened: | 1959 |
Last Audited: | Dec 01, 2021 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $28,693,183 |
CEO/Manager: | Janet Mount |
Chairperson: | Cathi Powell |
ASSETS: | $ Amount |
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Cash & Equivalents | 5,019,222 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,797,200 |
Unsecured Loans | 653,883 |
Other Loans | 9,665,516 |
TOTAL LOANS | 13,116,599 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -45,030 |
Land And Building | 516,384 |
Other Fixed Assets | 27,010 |
NCUSIF Deposit | 233,677 |
All Other Assets | 0 |
TOTAL ASSETS | 28,693,183 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 2,032 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 78,258 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 8,509,817 |
Regular shares | 13,828,910 |
All Other Shares & Deposits | 3,409,289 |
TOTAL SHARES & DEPOSITS | 25,748,016 |
TOTAL LIABILITIES | 25,828,306 |
Regular Reserve | 0 |
Other Reserves | 258,706 |
Undivided Earnings | 2,606,171 |
TOTAL EQUITY | 2,864,877 |
TOTAL LIABILITIES, SHARES, & EQUITY | 28,693,183 |
INCOME & EXPENSE | |
Loan Income | 480,626 |
Investment Income | 94,348 |
Other Income | 347,686 |
Total Employee Compensation & Benefits | 321,039 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 448,659 |
Non-operating Income & (Expense) | -8,200 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,900 |
Cost of Funds | 28,165 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 118,475 |
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