Mar, 31, 2021 — VITELCO EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in Charlotte Amali, VI with 1 branch location and about $1.92 million in total assets. Opened 42 years ago in 1979, VITELCO EMPLOYEES FEDERAL CREDIT UNION has about 367 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) | 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: | 367 |
| 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: | $1,923,051 |
| CEO/Manager: | Avery Evans |
| Chairperson: | John E Clenance |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,232,920 |
| TOTAL INVESTMENTS | 256,590 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 437,004 |
| Other Loans | 0 |
| TOTAL LOANS | 437,004 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,272 |
| Land And Building | 0 |
| Other Fixed Assets | 85 |
| NCUSIF Deposit | 13,629 |
| All Other Assets | -6,905 |
| TOTAL ASSETS | 1,923,051 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,946 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 21,703 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,374,804 |
| All Other Shares & Deposits | 172,570 |
| TOTAL SHARES & DEPOSITS | 1,547,374 |
| TOTAL LIABILITIES | 1,571,023 |
| Regular Reserve | 32,701 |
| Other Reserves | 0 |
| Undivided Earnings | 319,327 |
| TOTAL EQUITY | 352,028 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,923,051 |
| INCOME & EXPENSE | |
| Loan Income | 13,587 |
| Investment Income | 454 |
| Other Income | 2,555 |
| Total Employee Compensation & Benefits | 10,907 |
| NCUSIF Premiums Expense | 121 |
| Total Other Operating Expenses | 11,485 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 300 |
| Cost of Funds | 1,912 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -8,129 |
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