Dec, 31, 2020 — VERMILLION FEDERAL CREDIT UNION is a federal credit union headquartered in VERMILLION, SD with 1 branch location and about $25.72 million in total assets. Opened 62 years ago in 1959, VERMILLION FEDERAL CREDIT UNION has about 2,656 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: | http://www.vermillionfcu.com |
Branches: | 1 branch locations |
Members: | 2,656 |
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, 2019 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $25,721,763 |
CEO/Manager: | Janet Mount |
Chairperson: | Cathi Powell |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,968,516 |
TOTAL INVESTMENTS | 11,757,020 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,787,165 |
Unsecured Loans | 987,649 |
Other Loans | 7,419,953 |
TOTAL LOANS | 11,194,767 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -35,969 |
Land And Building | 550,354 |
Other Fixed Assets | 40,531 |
NCUSIF Deposit | 172,158 |
All Other Assets | 74,386 |
TOTAL ASSETS | 25,721,763 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 6,925 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 25,853 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 8,091,973 |
Regular shares | 12,334,807 |
All Other Shares & Deposits | 2,788,892 |
TOTAL SHARES & DEPOSITS | 23,215,672 |
TOTAL LIABILITIES | 23,248,450 |
Regular Reserve | 132,923 |
Other Reserves | 152,362 |
Undivided Earnings | 2,188,028 |
TOTAL EQUITY | 2,473,313 |
TOTAL LIABILITIES, SHARES, & EQUITY | 25,721,763 |
INCOME & EXPENSE | |
Loan Income | 545,291 |
Investment Income | 140,482 |
Other Income | 340,200 |
Total Employee Compensation & Benefits | 425,609 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 468,913 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 49,453 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 81,998 |
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