Dec, 31, 2021 — VANDERBILT UNIVERSITY EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in NASHVILLE, TN with 1 branch location and about $49.50 million in total assets. Opened 63 years ago in 1959, VANDERBILT UNIVERSITY EMPLOYEES CREDIT UNION has about 6,454 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | VANDERBILT UNIVERSITY EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 1313 21st Ave S NASHVILLE, TN 37232-0001 |
| Phone: | (615) 936-0300 |
| Fax: | (615) 936-0464 |
| Website: | https://www.vanderbiltcu.org |
| Branches: | 1 branch locations |
| Members: | 6,454 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68119 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Mar 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $49,501,768 |
| CEO/Manager: | Mike F McDonald |
| Chairperson: | Mario Avila |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,232,762 |
| TOTAL INVESTMENTS | 4,613,204 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 22,019,966 |
| Unsecured Loans | 1,527,795 |
| Other Loans | 8,465,147 |
| TOTAL LOANS | 32,012,908 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -112,253 |
| Land And Building | 119,070 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 418,126 |
| All Other Assets | 217,951 |
| TOTAL ASSETS | 49,501,768 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 10 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 186,411 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,455,775 |
| Regular shares | 37,332,996 |
| All Other Shares & Deposits | 1,384,854 |
| TOTAL SHARES & DEPOSITS | 45,173,625 |
| TOTAL LIABILITIES | 45,360,046 |
| Regular Reserve | 1,575,000 |
| Other Reserves | 0 |
| Undivided Earnings | 2,566,722 |
| TOTAL EQUITY | 4,141,722 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 49,501,768 |
| INCOME & EXPENSE | |
| Loan Income | 1,266,281 |
| Investment Income | 55,768 |
| Other Income | 280,804 |
| Total Employee Compensation & Benefits | 576,382 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 997,746 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,500 |
| Cost of Funds | 56,799 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 84,285 |
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