VLFCU Annual Report

how are we doing? Net Interest Margin/Average Assets 3.91% 2018 3.75% 2019 3.33% 2020 3.03% 2021 3.37% 2022 Efficiency Ratio 68.05% 2018 67.63% 2019 70.35% 2020 64.51% 2021 70.14% 2022 Return on Average Assets 0.99% 2018 0.92% 2019 0.51% 2020 1.29% 2021 0.83% 2022 Members 19,435 2018 19,810 2019 20,184 2020 20,392 2021 20,343 2022 Capital/Asset Ratio 10.80% 2018 10.98% 2019 10.07% 2020 10.34% 2021 11.86% 2022 On behalf of the Board of Directors, we wish to extend our thanks to the staff and management for meeting the financial needs of our members with such great care and commitment.