Dec, 31, 2023 — VANDERBILT UNIVERSITY EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in NASHVILLE, TN with 1 branch location and about $49.66 million in total assets. Opened 65 years ago in 1959, VANDERBILT UNIVERSITY EMPLOYEES CREDIT UNION has about 5,868 members and employs 10 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) | Suite 100 NASHVILLE, TN 37232-0001 |
Phone: | (615) 936-0300 |
Fax: | (615) 936-0464 |
Website: | https://www.vanderbiltcu.org |
Branches: | 1 branch locations |
Members: | 5,868 |
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: | Aug 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $49,657,734 |
CEO/Manager: | Mike F McDonald |
Chairperson: | Mario Avila |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,825,275 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 22,894,621 |
Unsecured Loans | 1,901,427 |
Other Loans | 10,798,910 |
TOTAL LOANS | 35,594,959 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -100,399 |
Land And Building | 0 |
Other Fixed Assets | 179,984 |
NCUSIF Deposit | 411,382 |
All Other Assets | 0 |
TOTAL ASSETS | 49,657,734 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 9 |
Notes & Interest Payable | 2,652,048 |
Accounts Payable & Other Liabilities | -794,283 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 6,421,731 |
Regular shares | 29,186,263 |
All Other Shares & Deposits | 7,482,403 |
TOTAL SHARES & DEPOSITS | 43,090,397 |
TOTAL LIABILITIES | 44,948,171 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 4,709,563 |
TOTAL EQUITY | 4,709,563 |
TOTAL LIABILITIES, SHARES, & EQUITY | 49,657,734 |
INCOME & EXPENSE | |
Loan Income | 1,787,627 |
Investment Income | 322,669 |
Other Income | 511,545 |
Total Employee Compensation & Benefits | 707,893 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,670,840 |
Non-operating Income & (Expense) | 365,981 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 49,692 |
Cost of Funds | 265,361 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 294,036 |
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