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.
Dec, 31, 2023 — 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 77 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 |
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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 |
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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 |
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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 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 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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