Jun, 30, 2023 — VICTORIA FEDERAL CREDIT UNION is a federal credit union headquartered in VICTORIA, TX with 1 branch location and about $9.41 million in total assets. Opened 84 years ago in 1940, VICTORIA FEDERAL CREDIT UNION has about 1,225 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: | 1,225 |
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: | Jun 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $9,413,353 |
CEO/Manager: | Jennifer Ruiz |
Chairperson: | David Solis |
ASSETS: | $ Amount |
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Cash & Equivalents | 986,235 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 137,998 |
Unsecured Loans | 696,666 |
Other Loans | 3,830,559 |
TOTAL LOANS | 4,665,223 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -369 |
Land And Building | 108,091 |
Other Fixed Assets | 49,970 |
NCUSIF Deposit | 85,947 |
All Other Assets | 0 |
TOTAL ASSETS | 9,413,353 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 70,741 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,351,396 |
Regular shares | 4,361,482 |
All Other Shares & Deposits | 2,366,952 |
TOTAL SHARES & DEPOSITS | 8,079,830 |
TOTAL LIABILITIES | 8,150,571 |
Regular Reserve | 0 |
Other Reserves | 25,848 |
Undivided Earnings | 1,236,934 |
TOTAL EQUITY | 1,262,782 |
TOTAL LIABILITIES, SHARES, & EQUITY | 9,413,353 |
INCOME & EXPENSE | |
Loan Income | 206,847 |
Investment Income | 28,961 |
Other Income | 24,088 |
Total Employee Compensation & Benefits | 141,049 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 227,067 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -1,949 |
Cost of Funds | 20,294 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -73,804 |
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