Dec, 31, 2023 — VIRGINIA UNITED METHODIST CREDIT UNION is a federally insured state chartered credit union headquartered in NORTH CHESTERFIELD, VA with 1 branch location and about $17.64 million in total assets. Opened 72 years ago in 1952, VIRGINIA UNITED METHODIST CREDIT UNION has about 2,753 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | VIRGINIA UNITED METHODIST CREDIT UNION |
|---|---|
| Address: (Main Office) | 7305 Boulder View Ln NORTH CHESTERFIELD, VA 23225-4953 |
| Phone: | (804) 672-0200 |
| Fax: | (804) 672-0444 |
| Website: | https://www.tumcu.org |
| Branches: | 1 branch locations |
| Members: | 2,753 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62536 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Jan 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $17,640,644 |
| CEO/Manager: | James R Eads |
| Chairperson: | Alvin J Horton |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 563,069 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,175,554 |
| Unsecured Loans | 4,114,741 |
| Other Loans | 3,970,095 |
| TOTAL LOANS | 12,549,787 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -69,638 |
| Land And Building | 381,692 |
| Other Fixed Assets | 33,332 |
| NCUSIF Deposit | 151,588 |
| All Other Assets | 0 |
| TOTAL ASSETS | 17,640,644 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 602 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 42,241 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,873,669 |
| Regular shares | 6,618,366 |
| All Other Shares & Deposits | 4,611,150 |
| TOTAL SHARES & DEPOSITS | 16,103,185 |
| TOTAL LIABILITIES | 16,146,028 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,494,616 |
| TOTAL EQUITY | 1,494,616 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 17,640,644 |
| INCOME & EXPENSE | |
| Loan Income | 603,140 |
| Investment Income | 162,659 |
| Other Income | 51,734 |
| Total Employee Compensation & Benefits | 308,874 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 527,040 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 55,000 |
| Cost of Funds | 88,087 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 32,949 |
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