Dec, 31, 2023 — VICTORIA FEDERAL CREDIT UNION is a federal credit union headquartered in VICTORIA, TX with 1 branch location and about $8.87 million in total assets. Opened 84 years ago in 1940, VICTORIA FEDERAL CREDIT UNION has about 1,244 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | VICTORIA FEDERAL CREDIT UNION |
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Address: (Main Office) | 701 Sam Houston Dr VICTORIA, TX 77901-4522 |
Phone: | (361) 578-2965 |
Fax: | (361) 572-3401 |
Website: | https://victoriafcu.org |
Branches: | 1 branch locations |
Members: | 1,244 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 3736 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1940 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $8,874,855 |
CEO/Manager: | Jennifer Ruiz |
Chairperson: | David Solis |
ASSETS: | $ Amount |
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Cash & Equivalents | 596,957 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 133,298 |
Unsecured Loans | 914,993 |
Other Loans | 3,798,165 |
TOTAL LOANS | 4,846,456 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -20,802 |
Land And Building | 99,812 |
Other Fixed Assets | 29,429 |
NCUSIF Deposit | 77,579 |
All Other Assets | 0 |
TOTAL ASSETS | 8,874,855 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 29,384 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,298,063 |
Regular shares | 4,339,789 |
All Other Shares & Deposits | 2,062,952 |
TOTAL SHARES & DEPOSITS | 7,700,805 |
TOTAL LIABILITIES | 7,730,189 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,144,666 |
TOTAL EQUITY | 1,144,666 |
TOTAL LIABILITIES, SHARES, & EQUITY | 8,874,855 |
INCOME & EXPENSE | |
Loan Income | 316,272 |
Investment Income | 96,307 |
Other Income | 37,492 |
Total Employee Compensation & Benefits | 201,894 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 336,109 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 29,202 |
Cost of Funds | 38,250 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -86,889 |
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