VITAL FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.vitalfcu.com for more information.
Sep, 30, 2025 — VITAL FEDERAL CREDIT UNION is a federal credit union headquartered in Spartanburg, SC with 1 branch location and about $65.40 million in total assets. Opened 62 years ago in 1964, VITAL FEDERAL CREDIT UNION has about 6,704 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | VITAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | PO Box 5586 Spartanburg, SC 29304 |
| Phone: | (864) 948-8200 |
| Fax: | |
| Website: | https://www.vitalfcu.com |
| Branches: | 1 branch locations |
| Members: | 6,704 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24536 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1964 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $65,398,209 |
| CEO/Manager: | Omero J DeLorenzo |
| Chairperson: | Paul L Barnette |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 16,221,197 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,744,196 |
| Unsecured Loans | 3,722,616 |
| Other Loans | 28,529,991 |
| TOTAL LOANS | 42,810,853 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -195,286 |
| Land And Building | 5,951,759 |
| Other Fixed Assets | 76,404 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 599,275 |
| All Other Assets | 0 |
| TOTAL ASSETS | 65,398,209 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 354,587 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 19,475,675 |
| Regular shares | 29,232,528 |
| All Other Shares & Deposits | 8,795,842 |
| TOTAL SHARES & DEPOSITS | 58,508,522 |
| TOTAL LIABILITIES | 46,660,930 |
| Regular Reserve | 0 |
| Other Reserves | 245,809 |
| Undivided Earnings | 6,289,291 |
| TOTAL EQUITY | 6,535,100 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 56,174,304 |
| INCOME & EXPENSE | |
| Loan Income | 1,113,866 |
| Investment Income | 321,152 |
| Other Income | 166,752 |
| Total Employee Compensation & Benefits | 760,129 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,093,304 |
| Non-operating Income & (Expense) | -4,033 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 96,000 |
| Cost of Funds | 138,495 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 321,682 |
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