Dec, 31, 2021 — VAH LYONS EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in LYONS, NJ with 1 branch location and about $44.45 million in total assets. Opened 47 years ago in 1975, VAH LYONS EMPLOYEES FEDERAL CREDIT UNION has about 1,592 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | VAH LYONS EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 151 knollcroft rd LYONS, NJ 07939 |
Phone: | (908) 647-6952 |
Fax: | (908) 647-1480 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 1,592 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 22028 |
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Membership Type: | Federal, State, Local Government |
Corporate Credit Union: | No |
Year Opened: | 1975 |
Last Audited: | Sep 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $44,450,889 |
CEO/Manager: | Gloria J Westervelt |
Chairperson: | frank stiener |
ASSETS: | $ Amount |
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Cash & Equivalents | 5,973,610 |
TOTAL INVESTMENTS | 31,697,480 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 3,753,500 |
Other Loans | 2,853,908 |
TOTAL LOANS | 6,607,408 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -164,936 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 334,900 |
All Other Assets | 2,427 |
TOTAL ASSETS | 44,450,889 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 17,404 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 38,954,269 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 38,954,269 |
TOTAL LIABILITIES | 38,971,673 |
Regular Reserve | 720,000 |
Other Reserves | 0 |
Undivided Earnings | 4,759,216 |
TOTAL EQUITY | 5,479,216 |
TOTAL LIABILITIES, SHARES, & EQUITY | 44,450,889 |
INCOME & EXPENSE | |
Loan Income | 616,671 |
Investment Income | 444,575 |
Other Income | 3,590 |
Total Employee Compensation & Benefits | 430,998 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 209,238 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 116,469 |
Cost of Funds | 276,060 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 210,618 |
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