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GREEN MOUNTAIN CREDIT UNION

Mar, 31, 2022 — GREEN MOUNTAIN CREDIT UNION is a federally insured state chartered credit union headquartered in SOUTH BURLINGTON, VT with 3 branch locations and about $95.31 million in total assets. Opened 63 years ago in 1959, GREEN MOUNTAIN CREDIT UNION has about 4,915 members and employs 17 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 BURLINGTON, VT 05403-7783
Phone:(802) 864-6892
Fax:(802) 660-9692
Website:http://www.greenmountaincu.com
Branches:3 branch locations
Members:4,915
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:Jun 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$95,306,902
CEO/Manager:Robert J Lake
Chairperson:John St. Hilaire

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 12,362,124
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 65,219,078
 Unsecured Loans 3,716,220
 Other Loans 12,061,579
 TOTAL LOANS 81,060,563
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -311,494
 Land And Building 0
 Other Fixed Assets 799,153
 NCUSIF Deposit 765,458
 All Other Assets 0
  TOTAL ASSETS 95,306,902
LIABILITIES & CAPITAL:  
 Dividends Payable 3,872
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 364,928
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 8,995,150
 Regular shares 18,217,044
 All Other Shares & Deposits 58,461,454
  TOTAL SHARES & DEPOSITS 85,673,648
  TOTAL LIABILITIES 86,042,448
 Regular Reserve 0
 Other Reserves 1,575,842
 Undivided Earnings 7,688,612
  TOTAL EQUITY 9,264,454
  TOTAL LIABILITIES, SHARES, & EQUITY 95,306,902
INCOME & EXPENSE  
 Loan Income 1,155,467
 Investment Income 1,336
 Other Income 62,854
 Total Employee Compensation & Benefits 312,933
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 284,246
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -11,614
 Cost of Funds 223,642
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 488,654
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