Dec, 31, 2023 — VANDERBILT UNIVERSITY EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in NASHVILLE, TN with 1 branch location and about $49.66 million in total assets. Opened 65 years ago in 1959, VANDERBILT UNIVERSITY EMPLOYEES CREDIT UNION has about 5,868 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | VANDERBILT UNIVERSITY EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | Suite 100 NASHVILLE, TN 37232-0001 |
| Phone: | (615) 936-0300 |
| Fax: | (615) 936-0464 |
| Website: | https://www.vanderbiltcu.org |
| Branches: | 1 branch locations |
| Members: | 5,868 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68119 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Aug 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $49,657,734 |
| CEO/Manager: | Mike F McDonald |
| Chairperson: | Mario Avila |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,825,275 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 22,894,621 |
| Unsecured Loans | 1,901,427 |
| Other Loans | 10,798,910 |
| TOTAL LOANS | 35,594,959 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -100,399 |
| Land And Building | 0 |
| Other Fixed Assets | 179,984 |
| NCUSIF Deposit | 411,382 |
| All Other Assets | 0 |
| TOTAL ASSETS | 49,657,734 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 9 |
| Notes & Interest Payable | 2,652,048 |
| Accounts Payable & Other Liabilities | -794,283 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,421,731 |
| Regular shares | 29,186,263 |
| All Other Shares & Deposits | 7,482,403 |
| TOTAL SHARES & DEPOSITS | 43,090,397 |
| TOTAL LIABILITIES | 44,948,171 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 4,709,563 |
| TOTAL EQUITY | 4,709,563 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 49,657,734 |
| INCOME & EXPENSE | |
| Loan Income | 1,787,627 |
| Investment Income | 322,669 |
| Other Income | 511,545 |
| Total Employee Compensation & Benefits | 707,893 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,670,840 |
| Non-operating Income & (Expense) | 365,981 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 49,692 |
| Cost of Funds | 265,361 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 294,036 |
| ↑ Back to Top | |