Dec, 31, 2023 — VATAT CREDIT UNION is a federally insured state chartered credit union headquartered in AUSTIN, TX with 1 branch location and about $10.75 million in total assets. Opened 63 years ago in 1961, VATAT CREDIT UNION has about 1,163 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | VATAT CREDIT UNION |
|---|---|
| Address: (Main Office) | 614 E 12th St AUSTIN, TX 78701 |
| Phone: | (512) 472-3258 |
| Fax: | (512) 617-8218 |
| Website: | https://www.vatatcu.org/ |
| Branches: | 1 branch locations |
| Members: | 1,163 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67661 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Oct 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $10,751,381 |
| CEO/Manager: | Meredith Hartmann |
| Chairperson: | Steve Forsythe |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 487,127 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,124,587 |
| Other Loans | 8,163,088 |
| TOTAL LOANS | 9,287,675 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -58,255 |
| Land And Building | 0 |
| Other Fixed Assets | 24,287 |
| NCUSIF Deposit | 61,018 |
| All Other Assets | 0 |
| TOTAL ASSETS | 10,751,381 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 19,433 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 104,889 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 699,387 |
| Regular shares | 4,597,288 |
| All Other Shares & Deposits | 3,540,948 |
| TOTAL SHARES & DEPOSITS | 8,837,624 |
| TOTAL LIABILITIES | 8,961,946 |
| Regular Reserve | 0 |
| Other Reserves | 212,808 |
| Undivided Earnings | 1,576,627 |
| TOTAL EQUITY | 1,789,435 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 10,751,381 |
| INCOME & EXPENSE | |
| Loan Income | 565,975 |
| Investment Income | 43,647 |
| Other Income | 34,442 |
| Total Employee Compensation & Benefits | 159,604 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 196,851 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 17,962 |
| Cost of Funds | 97,140 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 173,157 |
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