Dec, 31, 2023 — VANTAGE TRUST FEDERAL CREDIT UNION is a federal credit union headquartered in WILKES BARRE, PA with 3 branch locations and about $50.07 million in total assets. Opened 76 years ago in 1948, VANTAGE TRUST FEDERAL CREDIT UNION has about 5,546 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | VANTAGE TRUST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 247 WILKES BARRE TOWNSHIP BLVD WILKES BARRE, PA 18702-6705 |
| Phone: | (570) 819-3337 |
| Fax: | (570) 819-3366 |
| Website: | https://www.vantagetrustfcu.org |
| Branches: | 3 branch locations |
| Members: | 5,546 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5867 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1948 |
| Last Audited: | Oct 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $50,072,570 |
| CEO/Manager: | COLLEEN MADAR |
| Chairperson: | JEFF HELD |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,249,340 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,991,835 |
| Unsecured Loans | 1,654,355 |
| Other Loans | 9,842,837 |
| TOTAL LOANS | 20,489,027 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -176,393 |
| Land And Building | 3,402,919 |
| Other Fixed Assets | 156,738 |
| NCUSIF Deposit | 481,373 |
| All Other Assets | 34,638 |
| TOTAL ASSETS | 50,072,570 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 72,910 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,226,125 |
| Regular shares | 30,789,776 |
| All Other Shares & Deposits | 6,171,839 |
| TOTAL SHARES & DEPOSITS | 47,187,739 |
| TOTAL LIABILITIES | 47,260,649 |
| Regular Reserve | 0 |
| Other Reserves | -612,480 |
| Undivided Earnings | 3,424,401 |
| TOTAL EQUITY | 2,811,921 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 50,072,570 |
| INCOME & EXPENSE | |
| Loan Income | 1,147,225 |
| Investment Income | 448,298 |
| Other Income | 241,545 |
| Total Employee Compensation & Benefits | 637,299 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,118,351 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 164,778 |
| Cost of Funds | 42,554 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 108,656 |
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