Overview / Commentary
VITAL Federal Credit Union is headquartered in Spartanburg and is the 32nd largest credit union in the state of South Carolina. It is also the 2,330th largest credit union in the nation. It was established in 1964 and as of December of 2024, it had grown to 15 employees and 6,115 members at 1 location. VITAL Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership in Vital Federal Credit Union is open to those who live, work, worship, or attend school in Spartanburg County, South Carolina.
See current membership details
Health
B+
Data as of Q4 2024
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. VITAL Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 24536 |
| Year Chartered | 1964 |
| Employees | 15 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.51% |
| Return on Equity - YTD | 9.38% |
| Annual Interest Income | $3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $56.5MM$58.4MM |
| Loans | Q4 2024vs Q4 2023 | $38.3MM$45.1MM |
| Deposits | Q4 2024vs Q4 2023 | $47.2MM$49.5MM |
| Equity Capital | Q4 2024vs Q4 2023 | $9.2MM$8.3MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $47K$38K |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $68K$28K |
| Real Estate Owned | Q4 2024vs Q4 2023 | $0$0 |