Dec, 31, 2020 — VICTORIA CITY-COUNTY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in Victoria, TX with 1 branch location and about $7.63 million in total assets. Opened 61 years ago in 1960, VICTORIA CITY-COUNTY EMPLOYEES FEDERAL CREDIT UNION has about 1,041 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | VICTORIA CITY-COUNTY EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 205 N Bridge St Ste 111 Victoria, TX 77901 |
Phone: | (361) 578-9888 |
Fax: | (361) 578-1438 |
Website: | http://vccefcu.org |
Branches: | 1 branch locations |
Members: | 1,041 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13672 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | May 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $7,626,088 |
CEO/Manager: | Paul Withey |
Chairperson: | Brandy Jones |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,648,998 |
TOTAL INVESTMENTS | 697,998 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 527,616 |
Other Loans | 4,659,169 |
TOTAL LOANS | 5,186,785 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -34,619 |
Land And Building | 0 |
Other Fixed Assets | 1,408 |
NCUSIF Deposit | 68,957 |
All Other Assets | 56,561 |
TOTAL ASSETS | 7,626,088 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 18,515 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 417,997 |
Regular shares | 4,759,490 |
All Other Shares & Deposits | 1,512,432 |
TOTAL SHARES & DEPOSITS | 6,689,919 |
TOTAL LIABILITIES | 6,708,434 |
Regular Reserve | 124,857 |
Other Reserves | 38,516 |
Undivided Earnings | 754,281 |
TOTAL EQUITY | 917,654 |
TOTAL LIABILITIES, SHARES, & EQUITY | 7,626,088 |
INCOME & EXPENSE | |
Loan Income | 255,799 |
Investment Income | 20,671 |
Other Income | 70,403 |
Total Employee Compensation & Benefits | 126,543 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 211,089 |
Non-operating Income & (Expense) | 5,700 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 23,645 |
Cost of Funds | 34,154 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -42,858 |
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