Dec, 31, 2023 — VITELCO EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in CHARLOTTE AMALIE, VI with 1 branch location and about $1.69 million in total assets. Opened 45 years ago in 1979, VITELCO EMPLOYEES FEDERAL CREDIT UNION has about 319 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: | https://www.vitelcocu.com |
Branches: | 1 branch locations |
Members: | 319 |
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, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $1,690,671 |
CEO/Manager: | Avery Evans |
Chairperson: | John E Clenance |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,082,462 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 341,838 |
Other Loans | 0 |
TOTAL LOANS | 341,838 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -24,936 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 14,636 |
All Other Assets | 0 |
TOTAL ASSETS | 1,690,671 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 64 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 35,751 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 1,384,835 |
All Other Shares & Deposits | 57,934 |
TOTAL SHARES & DEPOSITS | 1,442,768 |
TOTAL LIABILITIES | 1,478,583 |
Regular Reserve | 0 |
Other Reserves | 32,701 |
Undivided Earnings | 179,387 |
TOTAL EQUITY | 212,088 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,690,671 |
INCOME & EXPENSE | |
Loan Income | 36,342 |
Investment Income | 21,070 |
Other Income | 8,853 |
Total Employee Compensation & Benefits | 42,731 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 54,773 |
Non-operating Income & (Expense) | 9,209 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 13,800 |
Cost of Funds | 7,868 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -43,698 |
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