Mar, 31, 2021 — VISION FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in Durham, NC with 3 branch locations and about $57.62 million in total assets. Opened 61 years ago in 1960, VISION FINANCIAL FEDERAL CREDIT UNION has about 7,934 members and employs 22 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) | PO Box 15818 Durham, NC 27704 |
| Phone: | (919) 477-0696 |
| Fax: | (919) 471-8211 |
| Website: | http://www.vffcu.org |
| Branches: | 3 branch locations |
| Members: | 7,934 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $57,620,839 |
| CEO/Manager: | Dawn Swaningson |
| Chairperson: | Larry Ray |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,846,805 |
| TOTAL INVESTMENTS | 25,487,289 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,885,307 |
| Unsecured Loans | 2,993,588 |
| Other Loans | 10,658,469 |
| TOTAL LOANS | 18,537,364 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -430,200 |
| Land And Building | 1,425,793 |
| Other Fixed Assets | 43,323 |
| NCUSIF Deposit | 462,600 |
| All Other Assets | 247,865 |
| TOTAL ASSETS | 57,620,839 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 118,490 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,343,859 |
| Regular shares | 27,682,958 |
| All Other Shares & Deposits | 14,500,375 |
| TOTAL SHARES & DEPOSITS | 51,527,192 |
| TOTAL LIABILITIES | 51,645,682 |
| Regular Reserve | 1,069,330 |
| Other Reserves | 329,694 |
| Undivided Earnings | 4,576,133 |
| TOTAL EQUITY | 5,975,157 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 57,620,839 |
| INCOME & EXPENSE | |
| Loan Income | 267,577 |
| Investment Income | 82,853 |
| Other Income | 78,558 |
| Total Employee Compensation & Benefits | 271,468 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 189,026 |
| Non-operating Income & (Expense) | 156 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 28,438 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 56,437 |
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