Dec, 31, 2023 — GREEN MOUNTAIN CREDIT UNION is a federally insured state chartered credit union headquartered in SOUTH BURLINGTON, VT with 3 branch locations and about $100.17 million in total assets. Opened 65 years ago in 1959, GREEN MOUNTAIN CREDIT UNION has about 5,047 members and employs 25 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: | https://www.greenmountaincu.com |
| Branches: | 3 branch locations |
| Members: | 5,047 |
| 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, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $100,168,878 |
| CEO/Manager: | Robert J Lake |
| Chairperson: | David J Blythe |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,169,532 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 71,085,262 |
| Unsecured Loans | 4,077,745 |
| Other Loans | 10,459,398 |
| TOTAL LOANS | 85,701,705 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -616,054 |
| Land And Building | 0 |
| Other Fixed Assets | 773,018 |
| NCUSIF Deposit | 800,501 |
| All Other Assets | 0 |
| TOTAL ASSETS | 100,168,878 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 45 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,736,614 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,638,263 |
| Regular shares | 15,228,640 |
| All Other Shares & Deposits | 58,813,753 |
| TOTAL SHARES & DEPOSITS | 84,680,656 |
| TOTAL LIABILITIES | 87,417,315 |
| Regular Reserve | 0 |
| Other Reserves | 1,575,842 |
| Undivided Earnings | 11,175,721 |
| TOTAL EQUITY | 12,751,563 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 100,168,878 |
| INCOME & EXPENSE | |
| Loan Income | 6,155,512 |
| Investment Income | 320,624 |
| Other Income | 225,560 |
| Total Employee Compensation & Benefits | 1,864,599 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,435,215 |
| Non-operating Income & (Expense) | 3,286 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 366,121 |
| Cost of Funds | 1,620,525 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,694,509 |
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