Dec, 31, 2022 — VIRGINIA STATE UNIVERSITY FEDERAL CREDIT UNION is a federal credit union headquartered in SOUTH CHESTERFIELD, VA with 0 branch location and about $12.63 million in total assets. Opened 84 years ago in 1939, VIRGINIA STATE UNIVERSITY FEDERAL CREDIT UNION has about 1,957 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | VIRGINIA STATE UNIVERSITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3401 Boisseau St SOUTH CHESTERFIELD, VA 23803-2021 |
| Phone: | (804) 526-6708 |
| Fax: | (804) 526-0834 |
| Website: | https://www.vsufcu.org |
| Branches: | 0 branch locations |
| Members: | 1,957 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3029 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Mar 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $12,631,255 |
| CEO/Manager: | Katrina M Hayes-Peerman |
| Chairperson: | Debera S Bonner |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 236,936 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 42,974 |
| Unsecured Loans | 1,936,344 |
| Other Loans | 4,486,647 |
| TOTAL LOANS | 6,509,157 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -51,370 |
| Land And Building | 188,205 |
| Other Fixed Assets | 16,159 |
| NCUSIF Deposit | 110,369 |
| All Other Assets | 0 |
| TOTAL ASSETS | 12,631,255 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,390 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 133,091 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,587,465 |
| Regular shares | 7,461,059 |
| All Other Shares & Deposits | 434,576 |
| TOTAL SHARES & DEPOSITS | 11,483,100 |
| TOTAL LIABILITIES | 11,617,581 |
| Regular Reserve | 0 |
| Other Reserves | 505,863 |
| Undivided Earnings | 507,811 |
| TOTAL EQUITY | 1,013,674 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 12,631,255 |
| INCOME & EXPENSE | |
| Loan Income | 348,397 |
| Investment Income | 28,978 |
| Other Income | 141,051 |
| Total Employee Compensation & Benefits | 195,147 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 298,120 |
| Non-operating Income & (Expense) | 32,165 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -3,086 |
| Cost of Funds | 6,462 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 68,587 |
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