Sep, 30, 2022 — VANTAGE POINT FEDERAL CREDIT UNION is a federal credit union headquartered in HOPEWELL, VA with 1 branch location and about $42.59 million in total assets. Opened 57 years ago in 1966, VANTAGE POINT FEDERAL CREDIT UNION has about 3,004 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | VANTAGE POINT FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3600 OAKLAWN BLVD HOPEWELL, VA 23860 |
| Phone: | (804) 541-1473 |
| Fax: | (804) 458-6573 |
| Website: | https://vantagepointfcu.org |
| Branches: | 1 branch locations |
| Members: | 3,004 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 17630 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1966 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $42,592,488 |
| CEO/Manager: | Penny E Williams |
| Chairperson: | DAVID HAYES |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,344,516 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,309,373 |
| Unsecured Loans | 2,408,818 |
| Other Loans | 10,191,594 |
| TOTAL LOANS | 14,909,785 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -58,545 |
| Land And Building | 854,283 |
| Other Fixed Assets | 16,022 |
| NCUSIF Deposit | 341,630 |
| All Other Assets | 0 |
| TOTAL ASSETS | 42,592,488 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 58,109 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,502,732 |
| Regular shares | 22,349,967 |
| All Other Shares & Deposits | 4,547,510 |
| TOTAL SHARES & DEPOSITS | 36,400,209 |
| TOTAL LIABILITIES | 36,458,318 |
| Regular Reserve | 0 |
| Other Reserves | 150,886 |
| Undivided Earnings | 5,983,284 |
| TOTAL EQUITY | 6,134,170 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 42,592,488 |
| INCOME & EXPENSE | |
| Loan Income | 553,292 |
| Investment Income | 207,543 |
| Other Income | 229,574 |
| Total Employee Compensation & Benefits | 493,040 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 377,883 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 58,545 |
| Cost of Funds | 19,708 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 64,736 |
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