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 |
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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 |
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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 |
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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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