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GREEN MOUNTAIN CREDIT UNION

Mar, 31, 2021 — GREEN MOUNTAIN CREDIT UNION is a federally insured state chartered credit union headquartered in South Burlingto, VT with 3 branch locations and about $82.45 million in total assets. Opened 62 years ago in 1959, GREEN MOUNTAIN CREDIT UNION has about 4,696 members and employs 15 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:4,696
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, 2019
FHLB Member:No
Low Income Designation:No
Assets:$82,447,433
CEO/Manager:Robert J Lake
Chairperson:John St. Hilaire

Call Report

  • Commercial Loans
  • Credit Builder
  • Interest Only or Payment Option 1st Mortgage Loans
  • Overdraft Lines of Credit
  • Participation Loans
  • Real Estate Loans
  • Refund Anticipation Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Health Savings Accounts
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 13,758,595
TOTAL INVESTMENTS 63,950
Loans Held for Sale 0
 
 Real Estate Loans 53,229,250
 Unsecured Loans 4,449,178
 Other Loans 9,111,786
 TOTAL LOANS 66,840,693
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -295,854
 Land And Building 0
 Other Fixed Assets 887,672
 NCUSIF Deposit 631,797
 All Other Assets 560,580
  TOTAL ASSETS 82,447,433
LIABILITIES & CAPITAL:  
 Dividends Payable 3,896
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 356,995
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 7,490,579
 Regular shares 16,972,167
 All Other Shares & Deposits 50,013,652
  TOTAL SHARES & DEPOSITS 74,476,398
  TOTAL LIABILITIES 74,837,289
 Regular Reserve 1,105,767
 Other Reserves 470,075
 Undivided Earnings 6,034,302
  TOTAL EQUITY 7,610,144
  TOTAL LIABILITIES, SHARES, & EQUITY 82,447,433
INCOME & EXPENSE  
 Loan Income 999,882
 Investment Income 785
 Other Income 50,463
 Total Employee Compensation & Benefits 263,612
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 249,313
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,145
 Cost of Funds 233,373
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 343,943
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