Dec, 31, 2023 — VANTAGE CREDIT UNION is a federally insured state chartered credit union headquartered in SAINT CHARLES, MO with 14 branch locations and about $1.20 billion in total assets. Opened 67 years ago in 1957, VANTAGE CREDIT UNION has about 70,872 members and employs 276 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | VANTAGE CREDIT UNION |
|---|---|
| Address: (Main Office) | 19 Research Park Ct SAINT CHARLES, MO 63304-5616 |
| Phone: | (314) 298-0055 |
| Fax: | |
| Website: | https://www.vcu.com |
| Branches: | 14 branch locations |
| Members: | 70,872 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67804 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,198,376,780 |
| CEO/Manager: | Eric Acree |
| Chairperson: | Jerry R Eichholz |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 98,329,301 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 336,446,976 |
| Unsecured Loans | 65,310,049 |
| Other Loans | 410,465,815 |
| TOTAL LOANS | 812,249,142 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,292,704 |
| Land And Building | 40,975,065 |
| Other Fixed Assets | 7,714,908 |
| NCUSIF Deposit | 9,786,568 |
| All Other Assets | 90,177 |
| TOTAL ASSETS | 1,198,376,780 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 115,000,000 |
| Accounts Payable & Other Liabilities | 28,020,622 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 250,121,443 |
| Regular shares | 384,613,221 |
| All Other Shares & Deposits | 349,248,537 |
| TOTAL SHARES & DEPOSITS | 983,983,200 |
| TOTAL LIABILITIES | 1,127,003,822 |
| Regular Reserve | 0 |
| Other Reserves | -5,541,552 |
| Undivided Earnings | 76,914,510 |
| TOTAL EQUITY | 71,372,958 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,198,376,780 |
| INCOME & EXPENSE | |
| Loan Income | 42,147,632 |
| Investment Income | 5,735,173 |
| Other Income | 7,224,069 |
| Total Employee Compensation & Benefits | 24,668,002 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 30,653,357 |
| Non-operating Income & (Expense) | 128,231 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,641,016 |
| Cost of Funds | 11,868,148 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -4,434,502 |
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