Dec, 31, 2023 — VISION FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in DURHAM, NC with 3 branch locations and about $57.54 million in total assets. Opened 64 years ago in 1960, VISION FINANCIAL FEDERAL CREDIT UNION has about 6,675 members and employs 21 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 |
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Address: (Main Office) | 214 Pacific Ave DURHAM, NC 27704 |
Phone: | (919) 477-0696 |
Fax: | (919) 471-8211 |
Website: | https://www.vffcu.org |
Branches: | 3 branch locations |
Members: | 6,675 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13492 |
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Membership Type: | Multiple common bond - Primarily communications and utilities |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $57,544,974 |
CEO/Manager: | Dawn Swaningson |
Chairperson: | Larry Ray |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,222,044 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 5,951,904 |
Unsecured Loans | 3,291,282 |
Other Loans | 11,056,699 |
TOTAL LOANS | 20,299,885 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -101,582 |
Land And Building | 1,501,113 |
Other Fixed Assets | 31,909 |
NCUSIF Deposit | 485,549 |
All Other Assets | 0 |
TOTAL ASSETS | 57,544,974 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 708,612 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 8,543,698 |
Regular shares | 27,076,967 |
All Other Shares & Deposits | 12,944,208 |
TOTAL SHARES & DEPOSITS | 48,564,873 |
TOTAL LIABILITIES | 49,273,485 |
Regular Reserve | 0 |
Other Reserves | 424,326 |
Undivided Earnings | 7,847,163 |
TOTAL EQUITY | 8,271,489 |
TOTAL LIABILITIES, SHARES, & EQUITY | 57,544,974 |
INCOME & EXPENSE | |
Loan Income | 1,165,464 |
Investment Income | 1,224,359 |
Other Income | 326,546 |
Total Employee Compensation & Benefits | 1,208,819 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 820,193 |
Non-operating Income & (Expense) | 11,181 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 90,179 |
Cost of Funds | 225,683 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 840,062 |
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