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VIRGINIA CREDIT UNION, INC.

Mar, 31, 2022 — VIRGINIA CREDIT UNION, INC. is a federally insured state chartered credit union headquartered in NORTH CHESTERFIELD, VA with 21 branch locations and about $5.04 billion in total assets. Opened 94 years ago in 1928, VIRGINIA CREDIT UNION, INC. has about 313,663 members and employs 739 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 251082615
Name:VIRGINIA CREDIT UNION, INC.
Address:
(Main Office)
7500 Boulder View Dr
NORTH CHESTERFIELD, VA 23225-4046
Phone:(804) 323-6000
Fax:
Website:http://www.vacu.org
Branches:21 branch locations
Members:313,663
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:66836
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1928
Last Audited:Dec 01, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$5,044,803,867
CEO/Manager:Christopher M Shockley
Chairperson:Kenneth E Ampy

Call Report

  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 304,973,202
TOTAL INVESTMENTS 0
Loans Held for Sale 25,004,054
 
 Real Estate Loans 1,366,350,058
 Unsecured Loans 500,109,117
 Other Loans 872,951,018
 TOTAL LOANS 2,739,625,299
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -45,362,061
 Land And Building 59,278,403
 Other Fixed Assets 10,534,252
 NCUSIF Deposit 41,066,077
 All Other Assets 302,868
  TOTAL ASSETS 5,044,803,867
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 182,486,275
 Accounts Payable & Other Liabilities 63,949,738
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 947,769,724
 Regular shares 850,000,647
 All Other Shares & Deposits 2,604,709,866
  TOTAL SHARES & DEPOSITS 4,402,480,237
  TOTAL LIABILITIES 4,648,916,250
 Regular Reserve 0
 Other Reserves -93,881,863
 Undivided Earnings 489,769,480
  TOTAL EQUITY 395,887,617
  TOTAL LIABILITIES, SHARES, & EQUITY 5,044,803,867
INCOME & EXPENSE  
 Loan Income 33,920,590
 Investment Income 4,165,316
 Other Income 5,602,086
 Total Employee Compensation & Benefits 22,205,127
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 18,457,944
 Non-operating Income & (Expense) -75,000
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,108,333
 Cost of Funds 4,713,360
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 8,565,752
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