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.
| 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 |
| 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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