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VITELCO EMPLOYEES FEDERAL CREDIT UNION

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

Call Report

  • Payday Alternative Loans (PAL Loans)

Financial Summary

» See also Statement of Financial Condition
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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