Dec, 31, 2023 — VOCAL CREDIT UNION is a federally insured state chartered credit union headquartered in HELENA, MT with 2 branch locations and about $48.49 million in total assets. Opened 70 years ago in 1954, VOCAL CREDIT UNION has about 4,345 members and employs 14 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | VOCAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2910 Prospect Ave HELENA, MT 59601-9726 |
| Phone: | (406) 442-1421 |
| Fax: | (406) 442-6123 |
| Website: | https://www.vocal.coop |
| Branches: | 2 branch locations |
| Members: | 4,345 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68677 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Jan 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $48,491,739 |
| CEO/Manager: | Eddie Black |
| Chairperson: | Scott Dixon |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,435,695 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 12,736,860 |
| Unsecured Loans | 1,315,706 |
| Other Loans | 18,503,965 |
| TOTAL LOANS | 32,556,531 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -365,761 |
| Land And Building | 2,416,000 |
| Other Fixed Assets | 258,352 |
| NCUSIF Deposit | 440,564 |
| All Other Assets | 0 |
| TOTAL ASSETS | 48,491,739 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 14,761 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 311,726 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 13,024,187 |
| Regular shares | 19,100,347 |
| All Other Shares & Deposits | 10,587,324 |
| TOTAL SHARES & DEPOSITS | 42,711,859 |
| TOTAL LIABILITIES | 43,038,346 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 5,453,393 |
| TOTAL EQUITY | 5,453,393 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 48,491,739 |
| INCOME & EXPENSE | |
| Loan Income | 1,796,094 |
| Investment Income | 328,138 |
| Other Income | 397,160 |
| Total Employee Compensation & Benefits | 1,240,423 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 913,652 |
| Non-operating Income & (Expense) | -50,431 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 78,000 |
| Cost of Funds | 206,636 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 429,129 |
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