Sep, 30, 2025 — VERMONT FEDERAL CREDIT UNION is a federal credit union headquartered in SOUTH BURLINGTON, VT with 8 branch locations and about $1.02 billion in total assets. Opened 73 years ago in 1953, VERMONT FEDERAL CREDIT UNION has about 58,570 members and employs 174 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | VERMONT FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 275 Kennedy Dr SOUTH BURLINGTON, VT 05403-6706 |
| Phone: | (888) 252-0202 |
| Fax: | |
| Website: | https://www.vermontfederal.org |
| Branches: | 8 branch locations |
| Members: | 58,570 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24405 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,023,338,675 |
| CEO/Manager: | Jean L Giard |
| Chairperson: | Megan T Manahan Bliss |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 41,591,071 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 1,008,400 |
| Real Estate Loans | 556,910,023 |
| Unsecured Loans | 53,238,095 |
| Other Loans | 191,959,170 |
| TOTAL LOANS | 836,224,074 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,656,677 |
| Land And Building | 15,776,204 |
| Other Fixed Assets | 3,549,299 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 7,836,571 |
| All Other Assets | 72,000 |
| TOTAL ASSETS | 1,023,338,675 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 24 |
| Notes & Interest Payable | 17,184,500 |
| Accounts Payable & Other Liabilities | 12,735,154 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 253,740,934 |
| Regular shares | 191,345,340 |
| All Other Shares & Deposits | 450,502,911 |
| TOTAL SHARES & DEPOSITS | 895,589,185 |
| TOTAL LIABILITIES | 925,508,863 |
| Regular Reserve | 0 |
| Other Reserves | -7,067,469 |
| Undivided Earnings | 104,897,281 |
| TOTAL EQUITY | 97,829,812 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,023,338,675 |
| INCOME & EXPENSE | |
| Loan Income | 33,712,178 |
| Investment Income | 2,953,874 |
| Other Income | 3,163,093 |
| Total Employee Compensation & Benefits | 14,105,369 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 11,947,928 |
| Non-operating Income & (Expense) | -654 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,618,407 |
| Cost of Funds | 11,558,590 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,687,588 |
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