Jun, 30, 2024 — VISIONS FEDERAL CREDIT UNION is a federal credit union headquartered in ENDWELL, NY with 57 branch locations and about $5.49 billion in total assets. Opened 58 years ago in 1966, VISIONS FEDERAL CREDIT UNION has about 242,803 members and employs 796 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | VISIONS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3301 Country Club Rd ENDWELL, NY 13760-3401 |
| Phone: | (607) 786-2000 |
| Fax: | (607) 786-5718 |
| Website: | https://www.visionsfcu.org |
| Branches: | 57 branch locations |
| Members: | 242,803 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 17429 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1966 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $5,492,526,386 |
| CEO/Manager: | Tyrone E Muse |
| Chairperson: | Christopher Marion |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 51,222,320 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,292,495,842 |
| Unsecured Loans | 329,416,597 |
| Other Loans | 907,080,733 |
| TOTAL LOANS | 3,529,444,342 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -30,521,361 |
| Land And Building | 54,475,214 |
| Other Fixed Assets | 35,771,261 |
| NCUSIF Deposit | 39,127,200 |
| All Other Assets | 343,928 |
| TOTAL ASSETS | 5,492,526,386 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 600,000,000 |
| Accounts Payable & Other Liabilities | 77,079,193 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 765,876,668 |
| Regular shares | 1,420,383,071 |
| All Other Shares & Deposits | 2,296,702,436 |
| TOTAL SHARES & DEPOSITS | 4,482,962,175 |
| TOTAL LIABILITIES | 5,160,041,368 |
| Regular Reserve | 0 |
| Other Reserves | 270,647,269 |
| Undivided Earnings | 61,837,749 |
| TOTAL EQUITY | 332,485,018 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,492,526,386 |
| INCOME & EXPENSE | |
| Loan Income | 95,771,820 |
| Investment Income | 20,818,126 |
| Other Income | 7,185,927 |
| Total Employee Compensation & Benefits | 56,863,134 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 45,860,106 |
| Non-operating Income & (Expense) | 3,611,928 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,225,828 |
| Cost of Funds | 18,922,391 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 17,016,595 |
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