Mar, 31, 2022 — ONE CREDIT UNION is a federally insured state chartered credit union headquartered in SPRINGFIELD, VT with 8 branch locations and about $235.73 million in total assets. Opened 70 years ago in 1952, ONE CREDIT UNION has about 18,486 members and employs 55 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 |
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Address: (Main Office) | 380 RIVER ST SPRINGFIELD, VT 05156 |
Phone: | (802) 886-4228 |
Fax: | (802) 886-1268 |
Website: | http://www.onecu.org |
Branches: | 8 branch locations |
Members: | 18,486 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 63923 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1952 |
Last Audited: | Dec 01, 2021 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $235,732,838 |
CEO/Manager: | BRETT A SMITH |
Chairperson: | Jeffrey W Taft |
ASSETS: | $ Amount |
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Cash & Equivalents | 23,166,010 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 74,343,748 |
Unsecured Loans | 12,217,648 |
Other Loans | 76,818,822 |
TOTAL LOANS | 163,380,218 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -741,212 |
Land And Building | 3,807,043 |
Other Fixed Assets | 931,249 |
NCUSIF Deposit | 2,102,346 |
All Other Assets | 118,745 |
TOTAL ASSETS | 235,732,838 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 317,734 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 47,105,909 |
Regular shares | 145,260,116 |
All Other Shares & Deposits | 27,905,012 |
TOTAL SHARES & DEPOSITS | 220,271,037 |
TOTAL LIABILITIES | 220,588,771 |
Regular Reserve | 0 |
Other Reserves | 3,058,276 |
Undivided Earnings | 12,085,791 |
TOTAL EQUITY | 15,144,067 |
TOTAL LIABILITIES, SHARES, & EQUITY | 235,732,838 |
INCOME & EXPENSE | |
Loan Income | 1,619,107 |
Investment Income | 133,592 |
Other Income | 368,192 |
Total Employee Compensation & Benefits | 917,468 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,108,575 |
Non-operating Income & (Expense) | 56,229 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 50,451 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 406,926 |
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