Dec, 31, 2023 — VOLT CREDIT UNION is a federally insured state chartered credit union headquartered in SPRINGFIELD, MO with 2 branch locations and about $88.67 million in total assets. Opened 89 years ago in 1935, VOLT CREDIT UNION has about 7,808 members and employs 22 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | VOLT CREDIT UNION |
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Address: (Main Office) | 2624 W Republic Rd SPRINGFIELD, MO 65807 |
Phone: | (417) 862-0471 |
Fax: | |
Website: | https://voltcu.org |
Branches: | 2 branch locations |
Members: | 7,808 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 63389 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $88,669,976 |
CEO/Manager: | Christopher Moss |
Chairperson: | Bill Jameson |
ASSETS: | $ Amount |
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Cash & Equivalents | 8,671,781 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 19,449,315 |
Unsecured Loans | 4,303,539 |
Other Loans | 32,273,439 |
TOTAL LOANS | 56,026,293 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -202,248 |
Land And Building | 5,049,685 |
Other Fixed Assets | 415,144 |
NCUSIF Deposit | 773,332 |
All Other Assets | 0 |
TOTAL ASSETS | 88,669,976 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 3,611 |
Notes & Interest Payable | 5,000,000 |
Accounts Payable & Other Liabilities | 801,581 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 16,136,244 |
Regular shares | 32,520,140 |
All Other Shares & Deposits | 26,627,976 |
TOTAL SHARES & DEPOSITS | 75,284,360 |
TOTAL LIABILITIES | 81,089,552 |
Regular Reserve | 0 |
Other Reserves | 1,286,325 |
Undivided Earnings | 6,294,099 |
TOTAL EQUITY | 7,580,424 |
TOTAL LIABILITIES, SHARES, & EQUITY | 88,669,976 |
INCOME & EXPENSE | |
Loan Income | 2,994,674 |
Investment Income | 516,017 |
Other Income | 368,988 |
Total Employee Compensation & Benefits | 1,649,546 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,035,618 |
Non-operating Income & (Expense) | -15,988 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 117,904 |
Cost of Funds | 659,184 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 271,477 |
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