Dec, 31, 2023 — VAPR FEDERAL CREDIT UNION is a federal credit union headquartered in SAN JUAN, PR with 4 branch locations and about $248.65 million in total assets. Opened 74 years ago in 1950, VAPR FEDERAL CREDIT UNION has about 19,285 members and employs 65 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: | 19,285 |
| 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, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $248,646,692 |
| CEO/Manager: | Jose E Ramos Monell |
| Chairperson: | Eduardo Ortega |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 27,683,144 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 11,766,640 |
| Unsecured Loans | 36,569,718 |
| Other Loans | 79,211,763 |
| TOTAL LOANS | 127,548,121 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,731,919 |
| Land And Building | 8,669,605 |
| Other Fixed Assets | 1,311,241 |
| NCUSIF Deposit | 2,054,388 |
| All Other Assets | 29,536 |
| TOTAL ASSETS | 248,646,692 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 84,652 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 804,448 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 15,512,362 |
| Regular shares | 121,772,326 |
| All Other Shares & Deposits | 91,219,157 |
| TOTAL SHARES & DEPOSITS | 228,503,845 |
| TOTAL LIABILITIES | 229,403,861 |
| Regular Reserve | 0 |
| Other Reserves | -7,115,636 |
| Undivided Earnings | 26,358,467 |
| TOTAL EQUITY | 19,242,831 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 248,646,692 |
| INCOME & EXPENSE | |
| Loan Income | 7,031,232 |
| Investment Income | 3,291,092 |
| Other Income | 457,827 |
| Total Employee Compensation & Benefits | 3,010,827 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,161,819 |
| Non-operating Income & (Expense) | -58,627 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,177,047 |
| Cost of Funds | 1,082,502 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,731,271 |
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