Mar, 31, 2022 — VISION FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in DURHAM, NC with 3 branch locations and about $61.76 million in total assets. Opened 62 years ago in 1960, VISION FINANCIAL FEDERAL CREDIT UNION has about 7,261 members and employs 20 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | VISION FINANCIAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 214 Pacific Ave DURHAM, NC 27704 |
| Phone: | (919) 477-0696 |
| Fax: | (919) 471-8211 |
| Website: | http://www.vffcu.org |
| Branches: | 3 branch locations |
| Members: | 7,261 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13492 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Jun 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $61,761,157 |
| CEO/Manager: | Dawn Swaningson |
| Chairperson: | Larry Ray |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 16,526,222 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,707,516 |
| Unsecured Loans | 3,119,262 |
| Other Loans | 10,140,802 |
| TOTAL LOANS | 17,967,580 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -74,800 |
| Land And Building | 1,572,368 |
| Other Fixed Assets | 39,126 |
| NCUSIF Deposit | 492,063 |
| All Other Assets | 0 |
| TOTAL ASSETS | 61,761,157 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 329,049 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,291,922 |
| Regular shares | 30,532,127 |
| All Other Shares & Deposits | 13,892,480 |
| TOTAL SHARES & DEPOSITS | 54,716,529 |
| TOTAL LIABILITIES | 55,045,578 |
| Regular Reserve | 0 |
| Other Reserves | 1,493,657 |
| Undivided Earnings | 5,221,922 |
| TOTAL EQUITY | 6,715,579 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 61,761,157 |
| INCOME & EXPENSE | |
| Loan Income | 253,393 |
| Investment Income | 68,267 |
| Other Income | 82,664 |
| Total Employee Compensation & Benefits | 273,867 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 184,642 |
| Non-operating Income & (Expense) | -1,856 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -9,395 |
| Cost of Funds | 15,040 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 62,759 |
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