Dec, 31, 2023 — VOCALITY COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in GARBERVILLE, CA with 2 branch locations and about $156.44 million in total assets. Opened 44 years ago in 1980, VOCALITY COMMUNITY CREDIT UNION has about 9,886 members and employs 36 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | VOCALITY COMMUNITY CREDIT UNION |
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Address: (Main Office) | 757 Redwood Dr GARBERVILLE, CA 95542-3116 |
Phone: | (707) 923-2012 |
Fax: | (707) 923-4199 |
Website: | https://www.vocalityccu.org |
Branches: | 2 branch locations |
Members: | 9,886 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 65388 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1980 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $156,437,697 |
CEO/Manager: | Patricia H Neighbors |
Chairperson: | Marcia Mendels |
ASSETS: | $ Amount |
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Cash & Equivalents | 14,719,800 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 62,777,140 |
Unsecured Loans | 3,675,861 |
Other Loans | 59,363,614 |
TOTAL LOANS | 125,926,607 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,952,028 |
Land And Building | 1,128,092 |
Other Fixed Assets | 1,837,897 |
NCUSIF Deposit | 1,217,865 |
All Other Assets | 1,450,149 |
TOTAL ASSETS | 156,437,697 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 10,000,000 |
Accounts Payable & Other Liabilities | 1,638,594 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 53,709,554 |
Regular shares | 2,069,568 |
All Other Shares & Deposits | 79,385,694 |
TOTAL SHARES & DEPOSITS | 135,164,816 |
TOTAL LIABILITIES | 146,803,410 |
Regular Reserve | 0 |
Other Reserves | 449,261 |
Undivided Earnings | 9,185,026 |
TOTAL EQUITY | 9,634,287 |
TOTAL LIABILITIES, SHARES, & EQUITY | 156,437,697 |
INCOME & EXPENSE | |
Loan Income | 6,496,840 |
Investment Income | 782,443 |
Other Income | 1,196,964 |
Total Employee Compensation & Benefits | 3,666,929 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,230,780 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,948,877 |
Cost of Funds | 2,346,499 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -3,167,685 |
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