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MEMBERS ADVANTAGE COMMUNITY CREDIT UNION

Mar, 31, 2022 — MEMBERS ADVANTAGE COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in BARRE, VT with 9 branch locations and about $373.04 million in total assets. Opened 69 years ago in 1953, MEMBERS ADVANTAGE COMMUNITY CREDIT UNION has about 34,828 members and employs 94 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: 211690911
Name:MEMBERS ADVANTAGE COMMUNITY CREDIT UNION
Address:
(Main Office)
265 S Main St
BARRE, VT 05641-4815
Phone:(802) 479-9411
Fax:(802) 479-3533
Website:http://www.802cu.com
Branches:9 branch locations
Members:34,828
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:62983
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1953
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$373,039,820
CEO/Manager:Sean M Gammon
Chairperson:Jeff Mobus

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 134,441,441
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 123,179,491
 Unsecured Loans 14,242,772
 Other Loans 54,944,885
 TOTAL LOANS 192,879,274
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,793,567
 Land And Building 8,765,826
 Other Fixed Assets 549,661
 NCUSIF Deposit 3,181,350
 All Other Assets 88,395
  TOTAL ASSETS 373,039,820
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,368,107
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 72,009,806
 Regular shares 187,547,932
 All Other Shares & Deposits 81,649,565
  TOTAL SHARES & DEPOSITS 341,207,303
  TOTAL LIABILITIES 342,575,410
 Regular Reserve 0
 Other Reserves 14,377,960
 Undivided Earnings 16,086,450
  TOTAL EQUITY 30,464,410
  TOTAL LIABILITIES, SHARES, & EQUITY 373,039,820
INCOME & EXPENSE  
 Loan Income 2,196,322
 Investment Income 197,312
 Other Income 845,456
 Total Employee Compensation & Benefits 1,641,967
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,230,462
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 90,000
 Cost of Funds 73,497
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 247,657
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