Sep, 30, 2025 — VITELCO EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in CHARLOTTE AMALIE, VI with 2 branch locations and about $1.79 million in total assets. Opened 47 years ago in 1979, VITELCO EMPLOYEES FEDERAL CREDIT UNION has about 333 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | VITELCO EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3082 Kronprindsens Gade CHARLOTTE AMALIE, VI 00802 |
| Phone: | (340) 776-4500 |
| Fax: | (340) 693-0434 |
| Website: | https://www.vitelcocu.com |
| Branches: | 2 branch locations |
| Members: | 333 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 23294 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1979 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $1,790,781 |
| CEO/Manager: | Avery Evans |
| Chairperson: | John E Clenance |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 650,900 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 380,704 |
| Other Loans | 0 |
| TOTAL LOANS | 380,704 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -41,629 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 14,423 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,790,781 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,437 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 17,788 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,393,940 |
| All Other Shares & Deposits | 260,167 |
| TOTAL SHARES & DEPOSITS | 1,654,108 |
| TOTAL LIABILITIES | 1,674,333 |
| Regular Reserve | 0 |
| Other Reserves | 32,701 |
| Undivided Earnings | 83,747 |
| TOTAL EQUITY | 116,448 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,790,781 |
| INCOME & EXPENSE | |
| Loan Income | 23,903 |
| Investment Income | 22,441 |
| Other Income | 5,607 |
| Total Employee Compensation & Benefits | 52,528 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 51,223 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 900 |
| Cost of Funds | 5,530 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -55,903 |
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