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VISION FINANCIAL FEDERAL CREDIT UNION

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

Call Report

  • Overdraft Protection
  • Pay Day Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Check Cashing
  • Health Savings Accounts
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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