Vitelco Employees Federal Credit Union

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Review based on 12 criteria Rating: 2 out of 5

PO Box 303920, Charlotte Amali, VI 00803-3920

Website

(340) 776-4500

Data Source: NCUA, June 30, 2016


Vitelco Employees Federal Credit Union was founded in 1979. Headquartered in Charlotte Amali, Virgin Islands, Vitelco Employees Federal Credit Union is a federally chartered and federally insured credit union, operating within the regulation of the National Credit Union Association (NCUA) and being insured through the National Credit Union Share Insurance Fund (NCUSIF). Vitelco Employees Federal Credit Union is also a member of the Federal Home Loan Bank (FHLB) , which allows a credit union to access low cost secured borrowings or advances and prlides its members with financial products and services that assist and enhance the financing of housing and community lending.

As of June 30, 2016, Vitelco Employees Federal Credit Union services 400 members through its 1 full-time and 1 part-time employees. It has $2,096,230 of total assets and $445,375 of net worth. Based on its asset size and net worth ratio, Vitelco Employees Federal Credit Union is classified as a Well Capitalized small credit union.

Vitelco Employees Federal Credit Union offers a number of deposit and loan products to its members. To find out how competitive the offers are, please go to the Interest Rates page. Vitelco Employees Federal Credit Union also provides an array of services to its members and local communities. To find out more, please go to the Services page.

The chart below depicts the average compensation of Vitelco Employees Federal Credit Union compared to the medians of Virgin Islands and the entire nation (USA) over the years.

The following two tables list the deplitory and loan interest rates of Vitelco Employees Federal Credit Union’s popular offerings. You can find out how competitive the offerings are by comparing them to the median interest rates offered by credit unions in Virgin Islands and in the nation.

Major Deplitory Accounts and Interest Rates (%)

Interest Rate
Median of Virgin Islands
Median of USA
Checking
0.0000
0.0000
0.0000
Savings
1.0900
0.2500
0.1200
Money Market
0.0000
NaN
0.2500
Certificate Deplit
0.5000
0.6250
0.5500
IRA
0.0000
NaN
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of Virgin Islands
National Median Rates
Credit Cards
n/a
NaN
9.9900
Unsecured Line of Credits
13.0000
13.0000
10.9600
Short-term Small Amount
n/a
28.0000
25.0000
Student Loans
n/a
NaN
6.0000
New Car Loans
n/a
7.7500
3.3900
Used Car Loans
n/a
8.0000
4.5000
1st Mortgage Real Estates
n/a
9.0000
4.1500
Other Real Estates
n/a
NaN
4.7400

Vitelco Employees Federal Credit Union prlides a number of ways to access its services. In addition to its office and branches, a member can perform banking through Internet as well. The table below lists the electronic banking services prlided by Vitelco Employees Federal Credit Union.

Electronic Banking Service Offerings

Membership Application
No
No
Share Account Transfers
Yes
New Loan Application
Yes
Share Draft Orders
No
Yes
New Share Account
No
Bill Payment
No
No
e-Statements
Yes
Loan Payments
Yes
No
Account Balance Inquiry
Yes
No
No
View Account History
Yes
Yes

.

Community and other Service Offerings

Financial Counselling
No
Bilingual Services
No
Free Bill Pay
No
Financial Education
No
In-School Branches
No
Free Tax Preparation Service
No
Financial Literacy Workshops
No
Student Scholarships
No
Insurance/Investment Sales
No
First Time Homebuyer Program
No
Vitelco Employees Federal Credit Union
Main Office

3079 Kronprindsens Gade
Charlotte Amalie, VI 00802
Phone:340-776-4500

(340) 693-0434

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  1. Cuhub Staff
    Cuhub Staff

    Updated on September 6, 2016

    September 6, 2016 at 9:46 pm

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