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VITELCO EMPLOYEES FEDERAL CREDIT UNION

Jun, 30, 2023 — VITELCO EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in CHARLOTTE AMALIE, VI with 1 branch location and about $1.97 million in total assets. Opened 45 years ago in 1979, VITELCO EMPLOYEES FEDERAL CREDIT UNION has about 344 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: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:1 branch locations
Members:344
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$1,966,193
CEO/Manager:Avery Evans
Chairperson:John E Clenance

Call Report

  • Payday Alternative Loans (PAL Loans)

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,171,504
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 264,940
 Other Loans 0
 TOTAL LOANS 264,940
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -733
 Land And Building 0
 Other Fixed Assets 85
 NCUSIF Deposit 15,210
 All Other Assets 0
  TOTAL ASSETS 1,966,193
LIABILITIES & CAPITAL:  
 Dividends Payable 2,646
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 33,126
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,379,545
 All Other Shares & Deposits 279,351
  TOTAL SHARES & DEPOSITS 1,658,896
  TOTAL LIABILITIES 1,694,668
 Regular Reserve 0
 Other Reserves 32,701
 Undivided Earnings 238,824
  TOTAL EQUITY 271,525
  TOTAL LIABILITIES, SHARES, & EQUITY 1,966,193
INCOME & EXPENSE  
 Loan Income 24,945
 Investment Income 2,854
 Other Income 5,679
 Total Employee Compensation & Benefits 34,872
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 34,310
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 10,900
 Cost of Funds 6,245
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -52,345
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