Dec, 31, 2023 — VICTORIA CITY-COUNTY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in VICTORIA, TX with 1 branch location and about $7.20 million in total assets. Opened 64 years ago in 1960, VICTORIA CITY-COUNTY EMPLOYEES FEDERAL CREDIT UNION has about 1,009 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | VICTORIA CITY-COUNTY EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 205 N Bridge St Ste 111 VICTORIA, TX 77901 |
| Phone: | (361) 578-9888 |
| Fax: | (361) 578-1438 |
| Website: | https://www.vccefcu.org |
| Branches: | 1 branch locations |
| Members: | 1,009 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13672 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $7,203,389 |
| CEO/Manager: | Paul Withey |
| Chairperson: | Brandy Pavlock |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 853,710 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 448,097 |
| Other Loans | 3,587,087 |
| TOTAL LOANS | 4,035,184 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -18,604 |
| Land And Building | 0 |
| Other Fixed Assets | 230 |
| NCUSIF Deposit | 72,952 |
| All Other Assets | 0 |
| TOTAL ASSETS | 7,203,389 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 23,196 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 407,725 |
| Regular shares | 4,384,443 |
| All Other Shares & Deposits | 1,402,147 |
| TOTAL SHARES & DEPOSITS | 6,194,315 |
| TOTAL LIABILITIES | 6,217,511 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 985,878 |
| TOTAL EQUITY | 985,878 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,203,389 |
| INCOME & EXPENSE | |
| Loan Income | 203,929 |
| Investment Income | 158,113 |
| Other Income | 27,007 |
| Total Employee Compensation & Benefits | 88,588 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 207,146 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 17,539 |
| Cost of Funds | 29,417 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 62,346 |
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