Sep, 30, 2025 — MEMBERS ADVANTAGE COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in BARRE, VT with 9 branch locations and about $431.71 million in total assets. Opened 73 years ago in 1953, MEMBERS ADVANTAGE COMMUNITY CREDIT UNION has about 37,546 members and employs 114 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| 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: | https://www.802cu.com |
| Branches: | 9 branch locations |
| Members: | 37,546 |
| 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, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $431,712,998 |
| CEO/Manager: | Sean M Gammon |
| Chairperson: | Jeff Mobus |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 60,036,782 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 234,889,601 |
| Unsecured Loans | 18,177,613 |
| Other Loans | 79,971,830 |
| TOTAL LOANS | 333,039,046 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,493,308 |
| Land And Building | 8,053,887 |
| Other Fixed Assets | 793,625 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 3,527,592 |
| All Other Assets | 244,570 |
| TOTAL ASSETS | 431,712,998 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,708,849 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 82,701,598 |
| Regular shares | 157,548,165 |
| All Other Shares & Deposits | 133,803,849 |
| TOTAL SHARES & DEPOSITS | 374,053,614 |
| TOTAL LIABILITIES | 377,762,463 |
| Regular Reserve | 0 |
| Other Reserves | 14,841,549 |
| Undivided Earnings | 39,108,986 |
| TOTAL EQUITY | 53,950,535 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 431,712,998 |
| INCOME & EXPENSE | |
| Loan Income | 16,277,248 |
| Investment Income | 2,679,783 |
| Other Income | 3,797,214 |
| Total Employee Compensation & Benefits | 7,534,517 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 6,968,267 |
| Non-operating Income & (Expense) | 36,197 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,080,000 |
| Cost of Funds | 2,646,883 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,785,405 |
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