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VERMONT FEDERAL CREDIT UNION

Mar, 31, 2022 — VERMONT FEDERAL CREDIT UNION is a federal credit union headquartered in BURLINGTON, VT with 7 branch locations and about $888.67 million in total assets. Opened 69 years ago in 1953, VERMONT FEDERAL CREDIT UNION has about 47,978 members and employs 147 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 211691062
Name:VERMONT FEDERAL CREDIT UNION
Address:
(Main Office)
84 Pine St
BURLINGTON, VT 05401-4441
Phone:(888) 252-0202
Fax:(802) 658-9629
Website:http://www.vermontfederal.org
Branches:7 branch locations
Members:47,978
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, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$888,672,661
CEO/Manager:Jean L Giard
Chairperson:Megan T Manahan Bliss

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 62,602,139
TOTAL INVESTMENTS 0
Loans Held for Sale 1,279,801
 
 Real Estate Loans 409,100,477
 Unsecured Loans 37,375,900
 Other Loans 138,625,802
 TOTAL LOANS 616,712,922
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,691,232
 Land And Building 13,166,244
 Other Fixed Assets 7,061,139
 NCUSIF Deposit 7,053,393
 All Other Assets 24,000
  TOTAL ASSETS 888,672,661
LIABILITIES & CAPITAL:  
 Dividends Payable 6
 Notes & Interest Payable 1,417,250
 Accounts Payable & Other Liabilities 8,583,129
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 270,595,017
 Regular shares 206,400,099
 All Other Shares & Deposits 336,516,976
  TOTAL SHARES & DEPOSITS 813,512,092
  TOTAL LIABILITIES 823,512,477
 Regular Reserve 0
 Other Reserves -9,203,093
 Undivided Earnings 74,363,277
  TOTAL EQUITY 65,160,184
  TOTAL LIABILITIES, SHARES, & EQUITY 888,672,661
INCOME & EXPENSE  
 Loan Income 6,010,375
 Investment Income 542,759
 Other Income 588,383
 Total Employee Compensation & Benefits 3,428,795
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,535,616
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 132,594
 Cost of Funds 766,573
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,191,114
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