Jun, 30, 2021 — ONE CREDIT UNION is a federally insured state chartered credit union headquartered in SPRINGFIELD, VT with 8 branch locations and about $231.92 million in total assets. Opened 69 years ago in 1952, ONE CREDIT UNION has about 18,696 members and employs 62 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: | http://www.onecu.org |
| Branches: | 8 branch locations |
| Members: | 18,696 |
| 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, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $231,917,758 |
| CEO/Manager: | BRETT A SMITH |
| Chairperson: | Jeffrey W Taft |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 34,289,072 |
| TOTAL INVESTMENTS | 34,857,781 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 67,439,441 |
| Unsecured Loans | 7,592,868 |
| Other Loans | 76,362,708 |
| TOTAL LOANS | 151,395,017 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -742,500 |
| Land And Building | 3,728,980 |
| Other Fixed Assets | 858,057 |
| NCUSIF Deposit | 1,895,232 |
| All Other Assets | 5,636,119 |
| TOTAL ASSETS | 231,917,758 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 408,277 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 46,621,847 |
| Regular shares | 138,171,473 |
| All Other Shares & Deposits | 30,703,292 |
| TOTAL SHARES & DEPOSITS | 215,496,612 |
| TOTAL LIABILITIES | 215,904,889 |
| Regular Reserve | 2,668,322 |
| Other Reserves | 2,309,309 |
| Undivided Earnings | 11,035,238 |
| TOTAL EQUITY | 16,012,869 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 231,917,758 |
| INCOME & EXPENSE | |
| Loan Income | 3,120,879 |
| Investment Income | 25,763 |
| Other Income | 509,449 |
| Total Employee Compensation & Benefits | 1,936,657 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,052,575 |
| Non-operating Income & (Expense) | 87,369 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 225,235 |
| Cost of Funds | 182,509 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -43,591 |
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