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VERMONT FEDERAL CREDIT UNION

Jun, 30, 2021 — VERMONT FEDERAL CREDIT UNION is a federal credit union headquartered in BURLINGTON, VT with 7 branch locations and about $822.04 million in total assets. Opened 68 years ago in 1953, VERMONT FEDERAL CREDIT UNION has about 46,105 members and employs 144 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)
PO BOX 407
BURLINGTON, VT 05402
Phone:(888) 252-0202
Fax:(802) 658-9629
Website:http://www.vermontfederal.org
Branches:7 branch locations
Members:46,105
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:$822,037,505
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 89,389,667
TOTAL INVESTMENTS 135,926,190
Loans Held for Sale 2,699,724
 
 Real Estate Loans 374,810,605
 Unsecured Loans 44,419,315
 Other Loans 121,436,340
 TOTAL LOANS 568,584,396
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,383,023
 Land And Building 12,709,606
 Other Fixed Assets 2,971,496
 NCUSIF Deposit 6,360,004
 All Other Assets 5,779,445
  TOTAL ASSETS 822,037,505
LIABILITIES & CAPITAL:  
 Dividends Payable 5
 Notes & Interest Payable 1,709,250
 Accounts Payable & Other Liabilities 7,920,894
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 250,279,512
 Regular shares 184,305,325
 All Other Shares & Deposits 309,012,727
  TOTAL SHARES & DEPOSITS 743,597,564
  TOTAL LIABILITIES 753,227,713
 Regular Reserve 4,417,109
 Other Reserves 984,649
 Undivided Earnings 63,408,034
  TOTAL EQUITY 68,809,792
  TOTAL LIABILITIES, SHARES, & EQUITY 822,037,505
INCOME & EXPENSE  
 Loan Income 11,146,740
 Investment Income 785,201
 Other Income 999,342
 Total Employee Compensation & Benefits 6,355,888
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 4,931,321
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 349,913
 Cost of Funds 1,767,441
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 4,134,441
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