Sep, 30, 2022 — VANDERBILT UNIVERSITY EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in NASHVILLE, TN with 1 branch location and about $55.96 million in total assets. Opened 64 years ago in 1959, VANDERBILT UNIVERSITY EMPLOYEES CREDIT UNION has about 6,150 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: | 6,150 |
| 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: | May 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $55,960,747 |
| CEO/Manager: | Mike F McDonald |
| Chairperson: | Mario Avila |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,265,911 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 20,183,467 |
| Unsecured Loans | 1,894,838 |
| Other Loans | 9,508,047 |
| TOTAL LOANS | 31,586,352 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -101,733 |
| Land And Building | 174,454 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 451,736 |
| All Other Assets | 0 |
| TOTAL ASSETS | 55,960,747 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 383,347 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,446,220 |
| Regular shares | 42,004,021 |
| All Other Shares & Deposits | 2,816,600 |
| TOTAL SHARES & DEPOSITS | 51,266,841 |
| TOTAL LIABILITIES | 51,650,188 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 4,310,559 |
| TOTAL EQUITY | 4,310,559 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 55,960,747 |
| INCOME & EXPENSE | |
| Loan Income | 922,397 |
| Investment Income | 157,053 |
| Other Income | 361,214 |
| Total Employee Compensation & Benefits | 442,439 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 870,636 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,099 |
| Cost of Funds | 41,937 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 168,222 |
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