Jun, 30, 2024 — VAPR FEDERAL CREDIT UNION is a federal credit union headquartered in SAN JUAN, PR with 4 branch locations and about $235.45 million in total assets. Opened 74 years ago in 1950, VAPR FEDERAL CREDIT UNION has about 18,937 members and employs 61 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | VAPR FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | Ave Los Filtros SAN JUAN, PR 00926 |
| Phone: | (787) 773-7600 |
| Fax: | (787) 773-7611 |
| Website: | https://www.vaprfcu.com |
| Branches: | 4 branch locations |
| Members: | 18,937 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6918 |
|---|---|
| Membership Type: | Multiple common bond - Primarily health care |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $235,451,654 |
| CEO/Manager: | Jose E Ramos Monell |
| Chairperson: | Katherine E Ruiz |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 28,213,054 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 12,838,334 |
| Unsecured Loans | 26,542,618 |
| Other Loans | 71,664,433 |
| TOTAL LOANS | 111,097,931 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,332,826 |
| Land And Building | 8,864,012 |
| Other Fixed Assets | 1,502,152 |
| NCUSIF Deposit | 2,082,482 |
| All Other Assets | 19,513 |
| TOTAL ASSETS | 235,451,654 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 5,256 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,241,893 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,667,010 |
| Regular shares | 135,238,360 |
| All Other Shares & Deposits | 69,011,270 |
| TOTAL SHARES & DEPOSITS | 218,916,640 |
| TOTAL LIABILITIES | 220,163,789 |
| Regular Reserve | 0 |
| Other Reserves | -8,494,131 |
| Undivided Earnings | 23,781,996 |
| TOTAL EQUITY | 15,287,865 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 235,451,654 |
| INCOME & EXPENSE | |
| Loan Income | 3,971,441 |
| Investment Income | 1,134,880 |
| Other Income | 355,160 |
| Total Employee Compensation & Benefits | 1,776,135 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,063,657 |
| Non-operating Income & (Expense) | -45,821 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 161,898 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 937,744 |
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