VITAL Federal Credit Union

Overview / Commentary
1000 Asheville Hwy
Spartanburg, SC 29303

VITAL Federal Credit Union is headquartered in Spartanburg and is the 31st largest credit union in the state of South Carolina. It is also the 2,316th largest credit union in the nation. It was established in 1964 and as of March of 2024, it had grown to 16 employees and 6,396 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


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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 - YTD1.18%
Return on Equity - YTD8.15%
Annual Interest Income$715K
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$59MM$61.7MM
LoansQ1 2024vs Q1 2023$43.1MM$47.1MM
DepositsQ1 2024vs Q1 2023$49.8MM$53.9MM
Equity CapitalQ1 2024vs Q1 2023$8.5MM$7.5MM
Loan Loss AllowanceQ1 2024vs Q1 2023$47K$117K
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$146K$49K
Real Estate OwnedQ1 2024vs Q1 2023$0$0

Rates for VITAL Federal Credit Union are currently being reviewed.


VITAL Federal Credit Union Locations
Corporate Office1450 John B White SR BlvdSpartanburg, SC 29306

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