Sep, 30, 2025 — VERMILION SCHOOL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in ABBEVILLE, LA with 2 branch locations and about $14.50 million in total assets. Opened 53 years ago in 1973, VERMILION SCHOOL EMPLOYEES CREDIT UNION has about 2,414 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | VERMILION SCHOOL EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 108 S East St ABBEVILLE, LA 70510 |
| Phone: | (337) 898-1388 |
| Fax: | (337) 898-6011 |
| Website: | https://www.vermilioncu.org |
| Branches: | 2 branch locations |
| Members: | 2,414 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61540 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1973 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $14,504,383 |
| CEO/Manager: | Chasity D Landry |
| Chairperson: | Kirk P Soileau |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,414,806 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 2,329,938 |
| Other Loans | 6,958,049 |
| TOTAL LOANS | 9,287,987 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -140,091 |
| Land And Building | 762,462 |
| Other Fixed Assets | 20,573 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 121,786 |
| All Other Assets | 0 |
| TOTAL ASSETS | 14,504,383 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 184,391 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 12,040,696 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 12,040,696 |
| TOTAL LIABILITIES | 12,225,087 |
| Regular Reserve | 0 |
| Other Reserves | 267,133 |
| Undivided Earnings | 2,012,163 |
| TOTAL EQUITY | 2,279,296 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 14,504,383 |
| INCOME & EXPENSE | |
| Loan Income | 376,107 |
| Investment Income | 88,594 |
| Other Income | 15,511 |
| Total Employee Compensation & Benefits | 115,639 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 123,512 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 159,685 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 84,639 |
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