Dec, 31, 2023 — NORTH COUNTRY FEDERAL CREDIT UNION is a federal credit union headquartered in S BURLINGTON, VT with 13 branch locations and about $951.43 million in total assets. Opened 74 years ago in 1950, NORTH COUNTRY FEDERAL CREDIT UNION has about 70,352 members and employs 204 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | NORTH COUNTRY FEDERAL CREDIT UNION |
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Address: (Main Office) | 69 Swift St S BURLINGTON, VT 05403 |
Phone: | (802) 657-6847 |
Fax: | (802) 264-6809 |
Website: | https://www.northcountry.org |
Branches: | 13 branch locations |
Members: | 70,352 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24312 |
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Membership Type: | Community - Rural District |
Corporate Credit Union: | No |
Year Opened: | 1950 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $951,432,611 |
CEO/Manager: | Robert Morgan |
Chairperson: | Beth Chenette |
ASSETS: | $ Amount |
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Cash & Equivalents | 46,166,575 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 435,684,381 |
Unsecured Loans | 66,970,667 |
Other Loans | 270,736,839 |
TOTAL LOANS | 773,475,000 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,745,807 |
Land And Building | 10,902,885 |
Other Fixed Assets | 2,762,344 |
NCUSIF Deposit | 7,909,790 |
All Other Assets | 0 |
TOTAL ASSETS | 951,432,611 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 30,000,000 |
Accounts Payable & Other Liabilities | 4,664,546 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 166,716,944 |
Regular shares | 250,071,062 |
All Other Shares & Deposits | 413,421,949 |
TOTAL SHARES & DEPOSITS | 830,209,955 |
TOTAL LIABILITIES | 864,874,501 |
Regular Reserve | 0 |
Other Reserves | -1,583,657 |
Undivided Earnings | 88,141,767 |
TOTAL EQUITY | 86,558,110 |
TOTAL LIABILITIES, SHARES, & EQUITY | 951,432,611 |
INCOME & EXPENSE | |
Loan Income | 39,010,349 |
Investment Income | 6,189,769 |
Other Income | 5,083,361 |
Total Employee Compensation & Benefits | 17,536,869 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 15,853,605 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,512,892 |
Cost of Funds | 12,335,504 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 8,708,547 |
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