Dec, 31, 2023 — VANTAGE WEST CREDIT UNION (VWESTCU) is a federally insured state chartered credit union headquartered in TUCSON, AZ with 24 branch locations and about $2.89 billion in total assets. Opened 69 years ago in 1955, VANTAGE WEST CREDIT UNION (VWESTCU) has about 183,655 members and employs 506 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | VANTAGE WEST CREDIT UNION |
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Address: (Main Office) | 2480 N Arcadia Ave TUCSON, AZ 85712-5735 |
Phone: | (520) 298-7882 |
Fax: | |
Website: | https://www.vantagewest.org |
Branches: | 24 branch locations |
Members: | 183,655 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68558 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $2,893,332,767 |
CEO/Manager: | Sandra Sagehorn-Elliott |
Chairperson: | Douglas Zimmerman |
ASSETS: | $ Amount |
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Cash & Equivalents | 231,083,815 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 808,794,875 |
Unsecured Loans | 233,039,313 |
Other Loans | 971,818,961 |
TOTAL LOANS | 2,015,333,708 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -27,777,831 |
Land And Building | 33,635,092 |
Other Fixed Assets | 10,870,487 |
NCUSIF Deposit | 22,444,922 |
All Other Assets | 584,398 |
TOTAL ASSETS | 2,893,332,767 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,194,137 |
Notes & Interest Payable | 200,000,000 |
Accounts Payable & Other Liabilities | 62,501,919 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 490,847,081 |
Regular shares | 414,208,898 |
All Other Shares & Deposits | 1,484,784,547 |
TOTAL SHARES & DEPOSITS | 2,389,840,525 |
TOTAL LIABILITIES | 2,653,793,109 |
Regular Reserve | 0 |
Other Reserves | -54,613,188 |
Undivided Earnings | 294,152,846 |
TOTAL EQUITY | 239,539,658 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,893,332,767 |
INCOME & EXPENSE | |
Loan Income | 111,347,563 |
Investment Income | 23,734,956 |
Other Income | 13,301,037 |
Total Employee Compensation & Benefits | 57,664,126 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 51,742,483 |
Non-operating Income & (Expense) | 3,977,190 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 17,167,304 |
Cost of Funds | 37,015,148 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 14,533,031 |
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