Jun, 30, 2021 — GREEN MOUNTAIN CREDIT UNION is a federally insured state chartered credit union headquartered in South Burlingto, VT with 3 branch locations and about $87.29 million in total assets. Opened 62 years ago in 1959, GREEN MOUNTAIN CREDIT UNION has about 4,765 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GREEN MOUNTAIN CREDIT UNION |
|---|---|
| Address: (Main Office) | 1250 Shelburne Rd South Burlingto, VT 05403-7783 |
| Phone: | (802) 864-6892 |
| Fax: | (802) 660-9692 |
| Website: | http://www.greenmountaincu.com |
| Branches: | 3 branch locations |
| Members: | 4,765 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63859 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $87,292,314 |
| CEO/Manager: | Robert J Lake |
| Chairperson: | John St. Hilaire |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 15,231,077 |
| TOTAL INVESTMENTS | 63,950 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 55,747,733 |
| Unsecured Loans | 4,121,136 |
| Other Loans | 9,635,446 |
| TOTAL LOANS | 69,549,761 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -278,956 |
| Land And Building | 0 |
| Other Fixed Assets | 868,715 |
| NCUSIF Deposit | 696,277 |
| All Other Assets | 1,161,490 |
| TOTAL ASSETS | 87,292,314 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 7,692 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 407,130 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,706,138 |
| Regular shares | 17,114,578 |
| All Other Shares & Deposits | 53,055,110 |
| TOTAL SHARES & DEPOSITS | 78,875,826 |
| TOTAL LIABILITIES | 79,290,648 |
| Regular Reserve | 1,105,767 |
| Other Reserves | 470,075 |
| Undivided Earnings | 6,425,824 |
| TOTAL EQUITY | 8,001,666 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 87,292,314 |
| INCOME & EXPENSE | |
| Loan Income | 2,023,818 |
| Investment Income | 2,066 |
| Other Income | 108,253 |
| Total Employee Compensation & Benefits | 524,705 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 503,644 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -7,495 |
| Cost of Funds | 469,702 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 735,496 |
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