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VERMILION SCHOOL EMPLOYEES CREDIT UNION

Mar, 31, 2022 — VERMILION SCHOOL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in ABBEVILLE, LA with 1 branch location and about $15.54 million in total assets. Opened 49 years ago in 1973, VERMILION SCHOOL EMPLOYEES CREDIT UNION has about 2,067 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)
107 S Louisiana St
ABBEVILLE, LA 70510
Phone:(337) 898-1388
Fax:(337) 898-6011
Website:n/a
Branches:1 branch locations
Members:2,067
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:Mar 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$15,535,992
CEO/Manager:Chasity D Landry
Chairperson:Kirk P Soileau

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,412,855
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 1,657,588
 Other Loans 2,776,800
 TOTAL LOANS 4,434,388
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -19,791
 Land And Building 121,773
 Other Fixed Assets 973
 NCUSIF Deposit 126,874
 All Other Assets 0
  TOTAL ASSETS 15,535,992
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 221,777
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 13,378,564
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 13,378,564
  TOTAL LIABILITIES 13,600,341
 Regular Reserve 0
 Other Reserves 267,133
 Undivided Earnings 1,668,518
  TOTAL EQUITY 1,935,651
  TOTAL LIABILITIES, SHARES, & EQUITY 15,535,992
INCOME & EXPENSE  
 Loan Income 51,725
 Investment Income 5,929
 Other Income 3,657
 Total Employee Compensation & Benefits 27,350
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 22,483
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 9,238
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 15,243
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