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MEMBERS ADVANTAGE COMMUNITY CREDIT UNION

Jun, 30, 2021 — MEMBERS ADVANTAGE COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in Barre, VT with 9 branch locations and about $355.86 million in total assets. Opened 68 years ago in 1953, MEMBERS ADVANTAGE COMMUNITY CREDIT UNION has about 34,678 members and employs 99 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)
PO Box 745
Barre, VT 05641
Phone:(802) 479-9411
Fax:(802) 479-3533
Website:http://www.802cu.com
Branches:9 branch locations
Members:34,678
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:$355,857,970
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 124,590,927
TOTAL INVESTMENTS 32,220,627
Loans Held for Sale 0
 
 Real Estate Loans 114,534,476
 Unsecured Loans 14,669,732
 Other Loans 55,287,730
 TOTAL LOANS 184,767,598
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,963,485
 Land And Building 9,024,157
 Other Fixed Assets 474,548
 NCUSIF Deposit 2,916,158
 All Other Assets 3,827,440
  TOTAL ASSETS 355,857,970
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,000,909
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 69,077,972
 Regular shares 172,839,551
 All Other Shares & Deposits 82,360,600
  TOTAL SHARES & DEPOSITS 324,278,123
  TOTAL LIABILITIES 326,279,032
 Regular Reserve 1,648,691
 Other Reserves 14,377,960
 Undivided Earnings 13,552,287
  TOTAL EQUITY 29,578,938
  TOTAL LIABILITIES, SHARES, & EQUITY 355,857,970
INCOME & EXPENSE  
 Loan Income 4,224,161
 Investment Income 454,487
 Other Income 1,530,894
 Total Employee Compensation & Benefits 3,317,592
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,194,210
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 220,000
 Cost of Funds 197,563
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 403,223
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