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 |
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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 |
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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 |
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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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