Dec, 31, 2021 — VANTAGE CREDIT UNION is a federally insured state chartered credit union headquartered in SAINT CHARLES, MO with 15 branch locations and about $1.11 billion in total assets. Opened 65 years ago in 1957, VANTAGE CREDIT UNION has about 72,199 members and employs 249 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: | http://www.vcu.com |
| Branches: | 15 branch locations |
| Members: | 72,199 |
| 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, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,109,974,903 |
| CEO/Manager: | Eric Acree |
| Chairperson: | Jerry R Eichholz |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 199,453,520 |
| TOTAL INVESTMENTS | 182,716,448 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 223,108,832 |
| Unsecured Loans | 45,916,925 |
| Other Loans | 391,483,906 |
| TOTAL LOANS | 660,540,421 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,037,508 |
| Land And Building | 36,889,567 |
| Other Fixed Assets | 7,864,624 |
| NCUSIF Deposit | 9,758,997 |
| All Other Assets | 15,788,834 |
| TOTAL ASSETS | 1,109,974,903 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 24,431,706 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 236,795,056 |
| Regular shares | 431,164,452 |
| All Other Shares & Deposits | 346,435,021 |
| TOTAL SHARES & DEPOSITS | 1,014,394,529 |
| TOTAL LIABILITIES | 1,038,826,235 |
| Regular Reserve | 4,728,794 |
| Other Reserves | -8,537,406 |
| Undivided Earnings | 74,957,280 |
| TOTAL EQUITY | 71,148,668 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,109,974,903 |
| INCOME & EXPENSE | |
| Loan Income | 26,972,781 |
| Investment Income | 2,327,972 |
| Other Income | 7,295,069 |
| Total Employee Compensation & Benefits | 26,765,223 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 22,439,776 |
| Non-operating Income & (Expense) | 29,044 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 859,676 |
| Cost of Funds | 2,803,625 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -641,659 |
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