VITAL Federal Credit Union

Overview / Commentary
1000 Asheville Hwy
Spartanburg, SC 29303

VITAL Federal Credit Union is headquartered in Spartanburg and is the 29th largest credit union in the state of South Carolina. It is also the 2,252nd largest credit union in the nation. It was established in 1964 and as of September of 2022, it had grown to 16 employees and 6,704 members at 2 locations. VITAL Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to those who live, work, worship, or attend school in Spartanburg County, and to employees of select area businesses.
See current membership details


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Additional 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

NCUA #24536
Year Chartered1964
Primary Regulator
Profit Margin
Return on Assets - YTD0.76%
Return on Equity - YTD7.72%
Annual Interest Income$1.5MM
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$65.4MM$66.7MM
LoansQ3 2022vs Q3 2021$42.8MM$41.4MM
DepositsQ3 2022vs Q3 2021$58.5MM$60.4MM
Equity CapitalQ3 2022vs Q3 2021$6.5MM$6.0MM
Loan Loss AllowanceQ3 2022vs Q3 2021$124.00K$160.00K
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$24.00K$17.00K
Real Estate OwnedQ3 2022vs Q3 2021$0$0

Rates for VITAL Federal Credit Union are currently being reviewed.


VITAL Federal Credit Union Locations
Branch Office1000 Asheville HwySpartanburg, SC 29303
Branch Office1595 E Main StDuncan, SC 29334

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