Dec, 31, 2023 — VALLEY EDUCATORS CREDIT UNION is a federally insured state chartered credit union headquartered in ALAMOSA, CO with 1 branch location and about $5.77 million in total assets. Opened 65 years ago in 1959, VALLEY EDUCATORS CREDIT UNION has about 1,035 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: | VALLEY EDUCATORS CREDIT UNION |
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Address: (Main Office) | 910 Main St ALAMOSA, CO 81101 |
Phone: | (719) 589-6535 |
Fax: | |
Website: | https://www.itsme247.com |
Branches: | 1 branch locations |
Members: | 1,035 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 63468 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1959 |
Last Audited: | Jan 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $5,771,218 |
CEO/Manager: | Laura Schell |
Chairperson: | JOSEPH KOLUPKE |
ASSETS: | $ Amount |
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Cash & Equivalents | 893,276 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,089,092 |
Unsecured Loans | 70,763 |
Other Loans | 3,536,788 |
TOTAL LOANS | 4,696,643 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -58,932 |
Land And Building | 108,230 |
Other Fixed Assets | 2,158 |
NCUSIF Deposit | 47,536 |
All Other Assets | 13,500 |
TOTAL ASSETS | 5,771,218 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,920 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 871,753 |
Regular shares | 2,359,662 |
All Other Shares & Deposits | 1,315,001 |
TOTAL SHARES & DEPOSITS | 4,546,416 |
TOTAL LIABILITIES | 4,549,336 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,221,882 |
TOTAL EQUITY | 1,221,882 |
TOTAL LIABILITIES, SHARES, & EQUITY | 5,771,218 |
INCOME & EXPENSE | |
Loan Income | 378,030 |
Investment Income | 10,127 |
Other Income | 41,343 |
Total Employee Compensation & Benefits | 159,638 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 142,108 |
Non-operating Income & (Expense) | 1,950 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 8,599 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 124,931 |
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