Volunteer Corporate Credit Union and Subsidiary Notes to the Consolidated Financial Statements (In Thousands)

Note 7: PREMISES AND EQUIPMENT

Premises and equipment at December 31, 2022 and 2021, respectively were as follows:

Depreciation expense was $661 and $553 for the years ended December 31, 2022 and 2021, respectively.

Note 8: MEMBERS’ DEPOSITORY ACCOUNTS

At December 31, 2022 and 2021, the balances of the various types of members’ depository accounts are as follows:

Share certificates as of December 31, 2022 are scheduled to mature within one year.

At December 31, 2022, two members’ deposit accounts totaled $181,648 and represented 15.83% of total member depository accounts. At December 31, 2021, two members’ deposit accounts totaled $267,162 and represented 11.98% of total member depository accounts. The aggregate amount of members’ depository accounts over $250 as of December 31, 2022 and 2021 was approximately $1,082,655 and $2,161,181, respectively.