Dec, 31, 2023 — ONE CREDIT UNION is a federally insured state chartered credit union headquartered in SPRINGFIELD, VT with 8 branch locations and about $245.27 million in total assets. Opened 72 years ago in 1952, ONE CREDIT UNION has about 19,112 members and employs 64 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ONE CREDIT UNION |
|---|---|
| Address: (Main Office) | 380 RIVER ST SPRINGFIELD, VT 05156 |
| Phone: | (802) 886-4228 |
| Fax: | (802) 886-1268 |
| Website: | https://www.onecu.org |
| Branches: | 8 branch locations |
| Members: | 19,112 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63923 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $245,272,859 |
| CEO/Manager: | BRETT A SMITH |
| Chairperson: | Jeffrey W Taft |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,829,601 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 85,182,241 |
| Unsecured Loans | 15,633,957 |
| Other Loans | 88,392,312 |
| TOTAL LOANS | 189,208,509 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,040,500 |
| Land And Building | 6,878,270 |
| Other Fixed Assets | 984,633 |
| NCUSIF Deposit | 2,218,018 |
| All Other Assets | 250,000 |
| TOTAL ASSETS | 245,272,859 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,092,057 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 46,721,047 |
| Regular shares | 121,985,665 |
| All Other Shares & Deposits | 60,426,708 |
| TOTAL SHARES & DEPOSITS | 229,133,421 |
| TOTAL LIABILITIES | 230,225,478 |
| Regular Reserve | 0 |
| Other Reserves | 738,301 |
| Undivided Earnings | 14,309,080 |
| TOTAL EQUITY | 15,047,381 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 245,272,859 |
| INCOME & EXPENSE | |
| Loan Income | 10,098,012 |
| Investment Income | 887,773 |
| Other Income | 1,767,182 |
| Total Employee Compensation & Benefits | 5,092,866 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,833,985 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,345,195 |
| Cost of Funds | 2,101,600 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 758,049 |
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» See also Statement of Financial Condition