VERMONT STATE EMPLOYEES CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.vsecu.com for more information.
Sep, 30, 2025 — VERMONT STATE EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in Montpelier, VT with 9 branch locations and about $1.10 billion in total assets. Opened 79 years ago in 1947, VERMONT STATE EMPLOYEES CREDIT UNION has about 71,625 members and employs 197 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 STATE EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | PO Box 67 Montpelier, VT 05601 |
| Phone: | (802) 371-5162 |
| Fax: | (802) 223-0267 |
| Website: | https://www.vsecu.com |
| Branches: | 9 branch locations |
| Members: | 71,625 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60717 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1947 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,097,645,877 |
| CEO/Manager: | Robert Miller |
| Chairperson: | Spencer Newman |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 17,055,277 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 689,618,259 |
| Unsecured Loans | 98,397,017 |
| Other Loans | 133,755,431 |
| TOTAL LOANS | 921,770,707 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,046,175 |
| Land And Building | 12,991,655 |
| Other Fixed Assets | 2,891,313 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 9,189,116 |
| All Other Assets | 1,464 |
| TOTAL ASSETS | 1,097,645,877 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 22,474 |
| Notes & Interest Payable | 25,370,000 |
| Accounts Payable & Other Liabilities | 12,960,951 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 185,529,356 |
| Regular shares | 490,832,129 |
| All Other Shares & Deposits | 303,824,194 |
| TOTAL SHARES & DEPOSITS | 980,185,679 |
| TOTAL LIABILITIES | 1,018,539,104 |
| Regular Reserve | 0 |
| Other Reserves | -22,868,531 |
| Undivided Earnings | 101,975,304 |
| TOTAL EQUITY | 79,106,773 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,097,645,877 |
| INCOME & EXPENSE | |
| Loan Income | 26,361,251 |
| Investment Income | 1,905,459 |
| Other Income | 3,282,239 |
| Total Employee Compensation & Benefits | 14,631,254 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 11,699,300 |
| Non-operating Income & (Expense) | -15,277 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 300,743 |
| Cost of Funds | 1,179,760 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,580,712 |
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