Dec, 31, 2023 — VISIONS FEDERAL CREDIT UNION is a federal credit union headquartered in ENDWELL, NY with 58 branch locations and about $5.68 billion in total assets. Opened 58 years ago in 1966, VISIONS FEDERAL CREDIT UNION has about 257,713 members and employs 914 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: | 58 branch locations |
| Members: | 257,713 |
| 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, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $5,683,443,292 |
| CEO/Manager: | Tyrone E Muse |
| Chairperson: | Christopher Marion |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 331,983,411 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 215,000 |
| Real Estate Loans | 2,494,066,172 |
| Unsecured Loans | 354,269,275 |
| Other Loans | 896,105,275 |
| TOTAL LOANS | 3,744,786,222 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -30,374,870 |
| Land And Building | 53,474,150 |
| Other Fixed Assets | 35,699,423 |
| NCUSIF Deposit | 40,946,685 |
| All Other Assets | 371,212 |
| TOTAL ASSETS | 5,683,443,292 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 790,000,000 |
| Accounts Payable & Other Liabilities | 92,868,919 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 707,522,341 |
| Regular shares | 1,271,919,392 |
| All Other Shares & Deposits | 2,413,662,243 |
| TOTAL SHARES & DEPOSITS | 4,393,103,975 |
| TOTAL LIABILITIES | 5,276,137,716 |
| Regular Reserve | 0 |
| Other Reserves | 345,467,827 |
| Undivided Earnings | 61,837,749 |
| TOTAL EQUITY | 407,305,576 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,683,443,292 |
| INCOME & EXPENSE | |
| Loan Income | 173,099,886 |
| Investment Income | 33,915,050 |
| Other Income | 10,738,697 |
| Total Employee Compensation & Benefits | 84,586,837 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 68,428,841 |
| Non-operating Income & (Expense) | 1,269,030 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 15,925,900 |
| Cost of Funds | 89,921,965 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 657,042 |
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