Dec, 31, 2023 — VERMILION SCHOOL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in ABBEVILLE, LA with 1 branch location and about $14.93 million in total assets. Opened 51 years ago in 1973, VERMILION SCHOOL EMPLOYEES CREDIT UNION has about 2,060 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | VERMILION SCHOOL EMPLOYEES CREDIT UNION |
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Address: (Main Office) | 107 S Louisiana St ABBEVILLE, LA 70510 |
Phone: | (337) 898-1388 |
Fax: | (337) 898-6011 |
Website: | https://vermilioncu.org |
Branches: | 1 branch locations |
Members: | 2,060 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61540 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1973 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $14,930,829 |
CEO/Manager: | Chasity D Landry |
Chairperson: | Kirk P Soileau |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,221,316 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 2,093,518 |
Other Loans | 4,609,443 |
TOTAL LOANS | 6,702,961 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -19,791 |
Land And Building | 139,223 |
Other Fixed Assets | 13 |
NCUSIF Deposit | 129,170 |
All Other Assets | 0 |
TOTAL ASSETS | 14,930,829 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 200,031 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 12,561,185 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 12,561,185 |
TOTAL LIABILITIES | 12,761,216 |
Regular Reserve | 0 |
Other Reserves | 267,134 |
Undivided Earnings | 1,902,479 |
TOTAL EQUITY | 2,169,613 |
TOTAL LIABILITIES, SHARES, & EQUITY | 14,930,829 |
INCOME & EXPENSE | |
Loan Income | 293,927 |
Investment Income | 292,257 |
Other Income | 9,340 |
Total Employee Compensation & Benefits | 115,476 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 143,065 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 171,966 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 169,892 |
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