VALLEY CATHOLIC FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.vcfcu.virtualcu.net for more information.
Dec, 31, 2023 — VALLEY CATHOLIC FEDERAL CREDIT UNION is a federal credit union headquartered in Simsbury, CT with 0 branch location and about $529,909 in total assets. Opened 77 years ago in 1947, VALLEY CATHOLIC FEDERAL CREDIT UNION has about 205 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | VALLEY CATHOLIC FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | P O Box 897 Simsbury, CT 06070-1939 |
| Phone: | (860) 658-9921 |
| Fax: | (860) 658-9921 |
| Website: | https://www.vcfcu.virtualcu.net |
| Branches: | 0 branch locations |
| Members: | 205 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5496 |
|---|---|
| Membership Type: | Multiple common bond - Primarily faith based |
| Corporate Credit Union: | No |
| Year Opened: | 1947 |
| Last Audited: | Mar 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $529,909 |
| CEO/Manager: | Vaughan S Marecki |
| Chairperson: | Vincent Welch |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 94,003 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 71,821 |
| Other Loans | 315,079 |
| TOTAL LOANS | 386,900 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -19,483 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 7,160 |
| All Other Assets | 0 |
| TOTAL ASSETS | 529,909 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 400 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 723 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 334,772 |
| All Other Shares & Deposits | 150,000 |
| TOTAL SHARES & DEPOSITS | 484,772 |
| TOTAL LIABILITIES | 485,895 |
| Regular Reserve | 0 |
| Other Reserves | 27,929 |
| Undivided Earnings | 16,085 |
| TOTAL EQUITY | 44,014 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 529,909 |
| INCOME & EXPENSE | |
| Loan Income | 6,127 |
| Investment Income | 5 |
| Other Income | 275 |
| Total Employee Compensation & Benefits | 5,592 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,671 |
| Non-operating Income & (Expense) | 2,176 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 400 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -4,080 |
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