Jun, 30, 2024 — VIRGINIA UNITED METHODIST CREDIT UNION is a federally insured state chartered credit union headquartered in NORTH CHESTERFIELD, VA with 1 branch location and about $18.18 million in total assets. Opened 72 years ago in 1952, VIRGINIA UNITED METHODIST CREDIT UNION has about 2,862 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 |
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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: | 2,862 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62536 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1952 |
Last Audited: | Jun 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $18,177,467 |
CEO/Manager: | James R Eads |
Chairperson: | Alvin J Horton |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,574,227 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,841,803 |
Unsecured Loans | 4,365,276 |
Other Loans | 2,324,221 |
TOTAL LOANS | 9,598,826 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -36,662 |
Land And Building | 392,822 |
Other Fixed Assets | 13,211 |
NCUSIF Deposit | 175,163 |
All Other Assets | 0 |
TOTAL ASSETS | 18,177,467 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 420 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 4,261 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 5,096,247 |
Regular shares | 7,293,213 |
All Other Shares & Deposits | 4,345,408 |
TOTAL SHARES & DEPOSITS | 16,734,868 |
TOTAL LIABILITIES | 16,739,549 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,437,918 |
TOTAL EQUITY | 1,437,918 |
TOTAL LIABILITIES, SHARES, & EQUITY | 18,177,467 |
INCOME & EXPENSE | |
Loan Income | 413,695 |
Investment Income | 64,563 |
Other Income | 36,170 |
Total Employee Compensation & Benefits | 243,131 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 383,081 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,000 |
Cost of Funds | 28,367 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -12,975 |
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