Dec, 31, 2021 — VITELCO EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in CHARLOTTE AMALIE, VI with 1 branch location and about $1.87 million in total assets. Opened 43 years ago in 1979, VITELCO EMPLOYEES FEDERAL CREDIT UNION has about 348 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: | http://www.vitelcocu.com |
| Branches: | 1 branch locations |
| Members: | 348 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $1,866,495 |
| CEO/Manager: | Avery Evans |
| Chairperson: | John E Clenance |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,267,412 |
| TOTAL INVESTMENTS | 257,070 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 327,247 |
| Other Loans | 0 |
| TOTAL LOANS | 327,247 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,848 |
| Land And Building | 0 |
| Other Fixed Assets | 85 |
| NCUSIF Deposit | 14,849 |
| All Other Assets | 7,680 |
| TOTAL ASSETS | 1,866,495 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 31 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 21,639 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,457,990 |
| All Other Shares & Deposits | 62,965 |
| TOTAL SHARES & DEPOSITS | 1,520,955 |
| TOTAL LIABILITIES | 1,542,625 |
| Regular Reserve | 32,701 |
| Other Reserves | 0 |
| Undivided Earnings | 291,169 |
| TOTAL EQUITY | 323,870 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,866,495 |
| INCOME & EXPENSE | |
| Loan Income | 47,894 |
| Investment Income | 2,057 |
| Other Income | 8,854 |
| Total Employee Compensation & Benefits | 43,917 |
| NCUSIF Premiums Expense | 446 |
| Total Other Operating Expenses | 41,131 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,200 |
| Cost of Funds | 8,397 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -36,286 |
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