Dec, 31, 2023 — VANTAGE POINT FEDERAL CREDIT UNION is a federal credit union headquartered in HOPEWELL, VA with 1 branch location and about $43.80 million in total assets. Opened 58 years ago in 1966, VANTAGE POINT FEDERAL CREDIT UNION has about 3,427 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | VANTAGE POINT FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3600 OAKLAWN BLVD HOPEWELL, VA 23860 |
| Phone: | (804) 541-1473 |
| Fax: | (804) 458-6573 |
| Website: | https://vantagepointfcu.org |
| Branches: | 1 branch locations |
| Members: | 3,427 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 17630 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1966 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $43,802,553 |
| CEO/Manager: | Penny E Williams |
| Chairperson: | KENNETH B EMERSON |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 836,574 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,132,030 |
| Unsecured Loans | 2,924,322 |
| Other Loans | 13,007,011 |
| TOTAL LOANS | 19,063,363 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -57,471 |
| Land And Building | 813,327 |
| Other Fixed Assets | 14,592 |
| NCUSIF Deposit | 386,247 |
| All Other Assets | 0 |
| TOTAL ASSETS | 43,802,553 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 134,682 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,785,231 |
| Regular shares | 20,917,326 |
| All Other Shares & Deposits | 7,921,738 |
| TOTAL SHARES & DEPOSITS | 36,624,295 |
| TOTAL LIABILITIES | 36,758,977 |
| Regular Reserve | 0 |
| Other Reserves | 150,886 |
| Undivided Earnings | 6,892,690 |
| TOTAL EQUITY | 7,043,576 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 43,802,553 |
| INCOME & EXPENSE | |
| Loan Income | 976,585 |
| Investment Income | 370,161 |
| Other Income | 316,402 |
| Total Employee Compensation & Benefits | 759,651 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 575,761 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 40,000 |
| Cost of Funds | 115,541 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 206,030 |
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