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VISION FINANCIAL FEDERAL CREDIT UNION

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

Call Report

  • Payday Alternative Loans (PAL Loans)
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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