Dec, 31, 2023 — VENTURA COUNTY CREDIT UNION is a federally insured state chartered credit union headquartered in VENTURA, CA with 8 branch locations and about $1.35 billion in total assets. Opened 74 years ago in 1950, VENTURA COUNTY CREDIT UNION has about 75,328 members and employs 203 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | VENTURA COUNTY CREDIT UNION |
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Address: (Main Office) | 2575 Vista Del Mar Dr VENTURA, CA 93001 |
Phone: | (805) 477-4000 |
Fax: | (805) 339-4226 |
Website: | https://onlinebanking.vccuonline.ne |
Branches: | 8 branch locations |
Members: | 75,328 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68458 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1950 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,354,835,838 |
CEO/Manager: | Linda Rossi |
Chairperson: | Roxanne Ostrem |
ASSETS: | $ Amount |
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Cash & Equivalents | 56,462,817 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 616,313,861 |
Unsecured Loans | 76,383,659 |
Other Loans | 172,736,647 |
TOTAL LOANS | 865,434,169 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -11,816,380 |
Land And Building | 23,931,780 |
Other Fixed Assets | 2,614,004 |
NCUSIF Deposit | 11,156,906 |
All Other Assets | 21,692 |
TOTAL ASSETS | 1,354,835,838 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 706,614 |
Notes & Interest Payable | 50,000,000 |
Accounts Payable & Other Liabilities | 22,662,001 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 258,652,824 |
Regular shares | 451,104,163 |
All Other Shares & Deposits | 466,632,123 |
TOTAL SHARES & DEPOSITS | 1,176,389,110 |
TOTAL LIABILITIES | 1,250,695,352 |
Regular Reserve | 0 |
Other Reserves | -12,848,522 |
Undivided Earnings | 116,989,008 |
TOTAL EQUITY | 104,140,486 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,354,835,838 |
INCOME & EXPENSE | |
Loan Income | 41,428,954 |
Investment Income | 14,613,533 |
Other Income | 4,481,686 |
Total Employee Compensation & Benefits | 19,269,974 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 19,424,993 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,060,841 |
Cost of Funds | 11,509,356 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 13,396,896 |
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» See also Statement of Financial Condition