Dec, 31, 2022 — VANTAGE CREDIT UNION is a federally insured state chartered credit union headquartered in SAINT CHARLES, MO with 15 branch locations and about $1.16 billion in total assets. Opened 66 years ago in 1957, VANTAGE CREDIT UNION has about 70,394 members and employs 275 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: | 15 branch locations |
| Members: | 70,394 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,161,404,880 |
| CEO/Manager: | Eric Acree |
| Chairperson: | Jerry R Eichholz |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 106,330,512 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 273,222,385 |
| Unsecured Loans | 52,397,832 |
| Other Loans | 405,155,737 |
| TOTAL LOANS | 730,804,937 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,950,165 |
| Land And Building | 38,837,209 |
| Other Fixed Assets | 7,386,931 |
| NCUSIF Deposit | 9,786,890 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,161,404,880 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 14,337 |
| Notes & Interest Payable | 40,000,000 |
| Accounts Payable & Other Liabilities | 24,963,978 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 243,343,077 |
| Regular shares | 440,958,978 |
| All Other Shares & Deposits | 352,637,658 |
| TOTAL SHARES & DEPOSITS | 1,036,939,713 |
| TOTAL LIABILITIES | 1,101,918,028 |
| Regular Reserve | 0 |
| Other Reserves | -21,379,824 |
| Undivided Earnings | 80,866,676 |
| TOTAL EQUITY | 59,486,852 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,161,404,880 |
| INCOME & EXPENSE | |
| Loan Income | 22,438,984 |
| Investment Income | 2,664,695 |
| Other Income | 5,922,951 |
| Total Employee Compensation & Benefits | 18,604,914 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 18,530,332 |
| Non-operating Income & (Expense) | 6,656 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -753,623 |
| Cost of Funds | 2,115,329 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -7,878 |
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