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VITELCO EMPLOYEES FEDERAL CREDIT UNION

Jun, 30, 2021 — VITELCO EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in Charlotte Amali, VI with 1 branch location and about $2.05 million in total assets. Opened 42 years ago in 1979, VITELCO EMPLOYEES FEDERAL CREDIT UNION has about 359 members 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)
PO Box 303920
Charlotte Amali, VI 00803-3920
Phone:(340) 776-4500
Fax:(340) 693-0434
Website:http://www.vitelcocu.com
Branches:1 branch locations
Members:359
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:$2,050,526
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 1,393,827
TOTAL INVESTMENTS 256,750
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 384,836
 Other Loans 0
 TOTAL LOANS 384,836
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -10,722
 Land And Building 0
 Other Fixed Assets 160
 NCUSIF Deposit 14,849
 All Other Assets 10,826
  TOTAL ASSETS 2,050,526
LIABILITIES & CAPITAL:  
 Dividends Payable 537
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 32,172
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,436,740
 All Other Shares & Deposits 237,632
  TOTAL SHARES & DEPOSITS 1,674,372
  TOTAL LIABILITIES 1,707,081
 Regular Reserve 32,701
 Other Reserves 0
 Undivided Earnings 310,744
  TOTAL EQUITY 343,445
  TOTAL LIABILITIES, SHARES, & EQUITY 2,050,526
INCOME & EXPENSE  
 Loan Income 26,005
 Investment Income 951
 Other Income 4,663
 Total Employee Compensation & Benefits 22,050
 NCUSIF Premiums Expense 232
 Total Other Operating Expenses 21,292
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 600
 Cost of Funds 4,157
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -16,712
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