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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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