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 |
| 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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