Dec, 31, 2022 — CREDIT UNION OF VERMONT is a federally insured state chartered credit union headquartered in RUTLAND, VT with 1 branch location and about $68.83 million in total assets. Opened 65 years ago in 1958, CREDIT UNION OF VERMONT has about 3,304 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 |
|---|---|
| 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: | 3,304 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63896 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $68,833,362 |
| CEO/Manager: | BRIAN FOGG |
| Chairperson: | Michael Abatiell |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 16,688,117 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 30,727,094 |
| Unsecured Loans | 1,474,336 |
| Other Loans | 11,647,915 |
| TOTAL LOANS | 43,849,345 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -32,122 |
| Land And Building | 1,132,103 |
| Other Fixed Assets | 48,191 |
| NCUSIF Deposit | 570,511 |
| All Other Assets | 0 |
| TOTAL ASSETS | 68,833,362 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 444,645 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,888,257 |
| Regular shares | 20,628,000 |
| All Other Shares & Deposits | 31,641,590 |
| TOTAL SHARES & DEPOSITS | 60,157,847 |
| TOTAL LIABILITIES | 60,602,492 |
| Regular Reserve | 0 |
| Other Reserves | 1,500,000 |
| Undivided Earnings | 6,730,870 |
| TOTAL EQUITY | 8,230,870 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 68,833,362 |
| INCOME & EXPENSE | |
| Loan Income | 1,385,616 |
| Investment Income | 167,734 |
| Other Income | 134,878 |
| Total Employee Compensation & Benefits | 534,386 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 360,040 |
| Non-operating Income & (Expense) | 15,894 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 231,771 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 712,253 |
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