VITAL Federal Credit Union


Overview / Commentary
864-948-8200
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 2,314th largest credit union in the nation. It was established in 1964 and as of December of 2023, it had grown to 16 employees and 6,478 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

Reviews

No reviews have been left for this bank yet. Be the first to review.



Health
B+
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

Overall
NCUA #24536
Year Chartered1964
Employees16
Primary Regulator
Profit Margin
Return on Assets - YTD1.76%
Return on Equity - YTD12.45%
Annual Interest Income$2.7MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$58.4MM$62.5MM
LoansQ4 2023vs Q4 2022$45.1MM$44.9MM
DepositsQ4 2023vs Q4 2022$49.5MM$54.8MM
Equity CapitalQ4 2023vs Q4 2022$8.3MM$7.3MM
Loan Loss AllowanceQ4 2023vs Q4 2022$38K$108K
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$28K$92K
Real Estate OwnedQ4 2023vs Q4 2022$0$0
Rates

Rates for VITAL Federal Credit Union are currently being reviewed.

Locations


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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.