Jun, 30, 2021 — VAH LYONS EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in lyons, NJ with 1 branch location and about $44.86 million in total assets. Opened 46 years ago in 1975, VAH LYONS EMPLOYEES FEDERAL CREDIT UNION has about 1,591 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) | po box 187 lyons, NJ 07939 |
| Phone: | (908) 647-6952 |
| Fax: | (908) 647-1480 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 1,591 |
| 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: | $44,860,062 |
| CEO/Manager: | Gloria J Westervelt |
| Chairperson: | frank stiener |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,758,994 |
| TOTAL INVESTMENTS | 30,103,480 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 3,964,956 |
| Other Loans | 2,798,760 |
| TOTAL LOANS | 6,763,716 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -122,405 |
| Land And Building | 0 |
| Other Fixed Assets | 13,287 |
| NCUSIF Deposit | 334,900 |
| All Other Assets | 8,090 |
| TOTAL ASSETS | 44,860,062 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 8,411 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 39,523,053 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 39,523,053 |
| TOTAL LIABILITIES | 39,531,464 |
| Regular Reserve | 720,000 |
| Other Reserves | 0 |
| Undivided Earnings | 4,608,598 |
| TOTAL EQUITY | 5,328,598 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 44,860,062 |
| INCOME & EXPENSE | |
| Loan Income | 317,945 |
| Investment Income | 227,062 |
| Other Income | 1,638 |
| Total Employee Compensation & Benefits | 233,021 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 101,517 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 37,833 |
| Cost of Funds | 177,375 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 60,000 |
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