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VASCO FEDERAL CREDIT UNION

Jun, 30, 2021 — VASCO FEDERAL CREDIT UNION is a federal credit union headquartered in Latrobe, PA with 1 branch location and about $33.40 million in total assets. Opened 54 years ago in 1967, VASCO FEDERAL CREDIT UNION has about 1,936 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:http://www.vascofcu.com
Branches:1 branch locations
Members:1,936
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$33,397,144
CEO/Manager:Garth D Chase
Chairperson:John F Pevarnik

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 5,685,869
TOTAL INVESTMENTS 22,193,000
Loans Held for Sale 0
 
 Real Estate Loans 2,054,074
 Unsecured Loans 471,681
 Other Loans 2,607,780
 TOTAL LOANS 5,133,535
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -33,844
 Land And Building 64,552
 Other Fixed Assets 22,761
 NCUSIF Deposit 275,665
 All Other Assets 55,606
  TOTAL ASSETS 33,397,144
LIABILITIES & CAPITAL:  
 Dividends Payable 14,546
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 51,860
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,287,118
 Regular shares 21,419,156
 All Other Shares & Deposits 4,584,934
  TOTAL SHARES & DEPOSITS 30,291,208
  TOTAL LIABILITIES 30,357,614
 Regular Reserve 297,161
 Other Reserves 0
 Undivided Earnings 2,742,369
  TOTAL EQUITY 3,039,530
  TOTAL LIABILITIES, SHARES, & EQUITY 33,397,144
INCOME & EXPENSE  
 Loan Income 115,437
 Investment Income 103,851
 Other Income 7,013
 Total Employee Compensation & Benefits 139,126
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 152,561
 Non-operating Income & (Expense) -1,105
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 2,997
 Cost of Funds 25,827
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -48,301
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