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 |
| 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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