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 2,307th largest credit union in the nation. It was established in 1964 and as of September of 2024, it had grown to 15 employees and 6,242 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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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
Employees15
Primary Regulator
Profit Margin
Return on Assets - YTD1.41%
Return on Equity - YTD9.18%
Annual Interest Income$2.2MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$58MM$59.6MM
LoansQ3 2024vs Q3 2023$39.8MM$46.6MM
DepositsQ3 2024vs Q3 2023$48.7MM$51.1MM
Equity CapitalQ3 2024vs Q3 2023$8.9MM$7.9MM
Loan Loss AllowanceQ3 2024vs Q3 2023$59K$52K
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$103K$138K
Real Estate OwnedQ3 2024vs Q3 2023$0$0
Rates

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Locations


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

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