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VITAL FEDERAL CREDIT UNION

Mar, 31, 2022 — VITAL FEDERAL CREDIT UNION is a federal credit union headquartered in SPARTANBURG, SC with 1 branch location and about $68.49 million in total assets. Opened 58 years ago in 1964, VITAL FEDERAL CREDIT UNION has about 6,862 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.


ABA Routing Number: 253279785
Name:VITAL FEDERAL CREDIT UNION
Address:
(Main Office)
1000 Asheville Hwy
SPARTANBURG, SC 29303
Phone:(864) 948-8200
Fax:(864) 948-8216
Website:https://www.vitalfcu.com
Branches:1 branch locations
Members:6,862
Credit Union Type:Federal Credit Union
Charter Number:24536
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1964
Last Audited:Aug 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$68,487,876
CEO/Manager:Omero J DeLorenzo
Chairperson:Paul L Barnette

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 20,708,008
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 4,415,948
 Unsecured Loans 4,275,454
 Other Loans 32,905,719
 TOTAL LOANS 41,597,121
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -101,873
 Land And Building 3,485,818
 Other Fixed Assets 92,210
 NCUSIF Deposit 594,535
 All Other Assets 0
  TOTAL ASSETS 68,487,876
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 253,105
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 19,372,507
 Regular shares 30,344,846
 All Other Shares & Deposits 12,301,194
  TOTAL SHARES & DEPOSITS 62,018,547
  TOTAL LIABILITIES 62,271,652
 Regular Reserve 0
 Other Reserves 245,809
 Undivided Earnings 5,970,415
  TOTAL EQUITY 6,216,224
  TOTAL LIABILITIES, SHARES, & EQUITY 68,487,876
INCOME & EXPENSE  
 Loan Income 455,549
 Investment Income 9,576
 Other Income 114,425
 Total Employee Compensation & Benefits 314,833
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 293,060
 Non-operating Income & (Expense) 925
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 53,830
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 59,442
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