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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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