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GREEN MOUNTAIN CREDIT UNION

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

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Financial Summary

» See also Statement of Financial Condition
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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