Sep, 30, 2025 — VASCO FEDERAL CREDIT UNION is a federal credit union headquartered in LATROBE, PA with 1 branch location and about $34.50 million in total assets. Opened 59 years ago in 1967, VASCO FEDERAL CREDIT UNION has about 1,830 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | VASCO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 432 Depot St LATROBE, PA 15650 |
| Phone: | (724) 539-2858 |
| Fax: | (724) 537-2530 |
| Website: | https://www.vascofcu.com |
| Branches: | 1 branch locations |
| Members: | 1,830 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 18301 |
|---|---|
| Membership Type: | Multiple common bond - Primarily primary and fabricated metals |
| Corporate Credit Union: | No |
| Year Opened: | 1967 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $34,498,242 |
| CEO/Manager: | Garth D Chase |
| Chairperson: | Howard W Caldwell |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,568,438 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,782,229 |
| Unsecured Loans | 474,153 |
| Other Loans | 3,965,393 |
| TOTAL LOANS | 6,221,775 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -22,059 |
| Land And Building | 31,720 |
| Other Fixed Assets | 21,491 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 286,634 |
| All Other Assets | 0 |
| TOTAL ASSETS | 34,498,242 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 71,775 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 54,318 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,577,363 |
| Regular shares | 20,084,201 |
| All Other Shares & Deposits | 5,620,834 |
| TOTAL SHARES & DEPOSITS | 30,282,398 |
| TOTAL LIABILITIES | 30,408,491 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 4,089,751 |
| TOTAL EQUITY | 4,089,751 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 34,498,242 |
| INCOME & EXPENSE | |
| Loan Income | 246,448 |
| Investment Income | 900,589 |
| Other Income | 13,708 |
| Total Employee Compensation & Benefits | 227,679 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 262,905 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 15,251 |
| Cost of Funds | 414,698 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 313,495 |
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