Dec, 31, 2023 — VALDOSTA TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in VALDOSTA, GA with 1 branch location and about $11.36 million in total assets. Opened 66 years ago in 1958, VALDOSTA TEACHERS FEDERAL CREDIT UNION has about 2,285 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | VALDOSTA TEACHERS FEDERAL CREDIT UNION |
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Address: (Main Office) | 102 E Force St VALDOSTA, GA 31601-3904 |
Phone: | (229) 247-9930 |
Fax: | (229) 247-1949 |
Website: | https://www.valdostateachersfcu.org |
Branches: | 1 branch locations |
Members: | 2,285 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 12290 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1958 |
Last Audited: | Aug 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $11,359,642 |
CEO/Manager: | Katy Houston |
Chairperson: | Willie C Ferrebee |
ASSETS: | $ Amount |
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Cash & Equivalents | 502,817 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 490,499 |
Unsecured Loans | 1,178,013 |
Other Loans | 3,965,639 |
TOTAL LOANS | 5,634,151 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -82,932 |
Land And Building | 275,871 |
Other Fixed Assets | 56,225 |
NCUSIF Deposit | 105,406 |
All Other Assets | 0 |
TOTAL ASSETS | 11,359,642 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,331 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 153,106 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,659,944 |
Regular shares | 4,746,854 |
All Other Shares & Deposits | 3,284,049 |
TOTAL SHARES & DEPOSITS | 9,690,847 |
TOTAL LIABILITIES | 9,845,284 |
Regular Reserve | 0 |
Other Reserves | 279,011 |
Undivided Earnings | 1,235,347 |
TOTAL EQUITY | 1,514,358 |
TOTAL LIABILITIES, SHARES, & EQUITY | 11,359,642 |
INCOME & EXPENSE | |
Loan Income | 354,651 |
Investment Income | 182,041 |
Other Income | 140,599 |
Total Employee Compensation & Benefits | 312,195 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 228,603 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 37,629 |
Cost of Funds | 32,032 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 109,223 |
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