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MEMBERS ADVANTAGE COMMUNITY CREDIT UNION

Mar, 31, 2021 — MEMBERS ADVANTAGE COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in Barre, VT with 10 branch locations and about $353.25 million in total assets. Opened 68 years ago in 1953, MEMBERS ADVANTAGE COMMUNITY CREDIT UNION has about 34,574 members and employs 100 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.maccu.org
Branches:10 branch locations
Members:34,574
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:$353,249,041
CEO/Manager:Sean M Gammon
Chairperson:Jeff Mobus

Call Report

  • Commercial Loans
  • Credit Builder
  • Indirect Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 122,092,780
TOTAL INVESTMENTS 37,716,264
Loans Held for Sale 0
 
 Real Estate Loans 111,094,850
 Unsecured Loans 14,989,558
 Other Loans 52,853,140
 TOTAL LOANS 179,250,211
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,969,645
 Land And Building 9,093,458
 Other Fixed Assets 508,268
 NCUSIF Deposit 2,719,489
 All Other Assets 3,838,216
  TOTAL ASSETS 353,249,041
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,893,000
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 71,269,425
 Regular shares 168,621,242
 All Other Shares & Deposits 82,178,412
  TOTAL SHARES & DEPOSITS 322,069,079
  TOTAL LIABILITIES 323,962,079
 Regular Reserve 1,648,691
 Other Reserves 14,377,960
 Undivided Earnings 13,260,311
  TOTAL EQUITY 29,286,962
  TOTAL LIABILITIES, SHARES, & EQUITY 353,249,041
INCOME & EXPENSE  
 Loan Income 2,104,042
 Investment Income 223,389
 Other Income 733,296
 Total Employee Compensation & Benefits 1,670,512
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,074,579
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 140,000
 Cost of Funds 108,432
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 111,249
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