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VASCO FEDERAL CREDIT UNION

Mar, 31, 2021 — VASCO FEDERAL CREDIT UNION is a federal credit union headquartered in Latrobe, PA with 1 branch location and about $32.93 million in total assets. Opened 54 years ago in 1967, VASCO FEDERAL CREDIT UNION has about 1,946 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:1,946
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:$32,927,449
CEO/Manager:Garth D Chase
Chairperson:Michael Kowatch

Call Report

  • Real Estate Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 5,215,549
TOTAL INVESTMENTS 22,189,000
Loans Held for Sale 0
 
 Real Estate Loans 2,108,228
 Unsecured Loans 506,930
 Other Loans 2,546,421
 TOTAL LOANS 5,161,579
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -31,502
 Land And Building 68,122
 Other Fixed Assets 25,133
 NCUSIF Deposit 233,246
 All Other Assets 66,322
  TOTAL ASSETS 32,927,449
LIABILITIES & CAPITAL:  
 Dividends Payable 10,714
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 52,833
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,516,191
 Regular shares 20,758,594
 All Other Shares & Deposits 4,512,559
  TOTAL SHARES & DEPOSITS 29,787,344
  TOTAL LIABILITIES 29,850,891
 Regular Reserve 297,161
 Other Reserves 0
 Undivided Earnings 2,779,397
  TOTAL EQUITY 3,076,558
  TOTAL LIABILITIES, SHARES, & EQUITY 32,927,449
INCOME & EXPENSE  
 Loan Income 59,689
 Investment Income 58,793
 Other Income 3,479
 Total Employee Compensation & Benefits 68,353
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 71,282
 Non-operating Income & (Expense) -310
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,451
 Cost of Funds 14,506
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -11,272
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