Dec, 31, 2021 — VATAT CREDIT UNION is a federally insured state chartered credit union headquartered in AUSTIN, TX with 1 branch location and about $9.39 million in total assets. Opened 61 years ago in 1961, VATAT CREDIT UNION has about 1,106 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: | 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: | 1,106 |
| 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: | Jan 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $9,393,750 |
| CEO/Manager: | Griselda C Spencer |
| Chairperson: | Donald W Henson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 969,560 |
| TOTAL INVESTMENTS | 1,235,556 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 922,209 |
| Other Loans | 6,201,858 |
| TOTAL LOANS | 7,124,067 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -23,509 |
| Land And Building | 0 |
| Other Fixed Assets | 3,725 |
| NCUSIF Deposit | 58,430 |
| All Other Assets | 25,921 |
| TOTAL ASSETS | 9,393,750 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 83,906 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 854,080 |
| Regular shares | 4,108,608 |
| All Other Shares & Deposits | 2,844,965 |
| TOTAL SHARES & DEPOSITS | 7,807,653 |
| TOTAL LIABILITIES | 7,891,559 |
| Regular Reserve | 212,808 |
| Other Reserves | 0 |
| Undivided Earnings | 1,289,383 |
| TOTAL EQUITY | 1,502,191 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 9,393,750 |
| INCOME & EXPENSE | |
| Loan Income | 379,535 |
| Investment Income | 3,574 |
| Other Income | 16,647 |
| Total Employee Compensation & Benefits | 187,469 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 125,952 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -1,629 |
| Cost of Funds | 16,037 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 100,366 |
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