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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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