Dec, 31, 2023 — CREDIT UNION OF VERMONT is a federally insured state chartered credit union headquartered in RUTLAND, VT with 1 branch location and about $74.69 million in total assets. Opened 66 years ago in 1958, CREDIT UNION OF VERMONT has about 3,373 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CREDIT UNION OF VERMONT |
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Address: (Main Office) | 2 S Main St RUTLAND, VT 05701-4262 |
Phone: | (802) 773-0027 |
Fax: | |
Website: | https://cuvermont.coop |
Branches: | 1 branch locations |
Members: | 3,373 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 63896 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1958 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $74,694,540 |
CEO/Manager: | BRIAN FOGG |
Chairperson: | Sherri Mckirryher |
ASSETS: | $ Amount |
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Cash & Equivalents | 12,295,146 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 29,965,601 |
Unsecured Loans | 1,561,764 |
Other Loans | 13,101,477 |
TOTAL LOANS | 44,628,842 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -13,678 |
Land And Building | 1,035,372 |
Other Fixed Assets | 34,663 |
NCUSIF Deposit | 633,685 |
All Other Assets | 0 |
TOTAL ASSETS | 74,694,540 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,472,483 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 8,202,948 |
Regular shares | 18,511,151 |
All Other Shares & Deposits | 37,165,391 |
TOTAL SHARES & DEPOSITS | 63,879,490 |
TOTAL LIABILITIES | 65,351,973 |
Regular Reserve | 0 |
Other Reserves | 1,500,000 |
Undivided Earnings | 7,842,567 |
TOTAL EQUITY | 9,342,567 |
TOTAL LIABILITIES, SHARES, & EQUITY | 74,694,540 |
INCOME & EXPENSE | |
Loan Income | 2,071,399 |
Investment Income | 1,377,071 |
Other Income | 199,385 |
Total Employee Compensation & Benefits | 1,780,159 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 505,580 |
Non-operating Income & (Expense) | 31,481 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 833,297 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 771,133 |
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