Dec, 31, 2023 — ORLEX GOVERNMENT EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in NEWPORT, VT with 1 branch location and about $7.41 million in total assets. Opened 71 years ago in 1953, ORLEX GOVERNMENT EMPLOYEES CREDIT UNION has about 1,327 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ORLEX GOVERNMENT EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 5043 US Route 5 NEWPORT, VT 05855-4543 |
| Phone: | (802) 334-5084 |
| Fax: | (802) 334-3846 |
| Website: | https://www.orlex.com |
| Branches: | 1 branch locations |
| Members: | 1,327 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64782 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $7,408,182 |
| CEO/Manager: | JUDY J JENNE |
| Chairperson: | Jennie A Dion |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 530,664 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,260,257 |
| Other Loans | 5,015,342 |
| TOTAL LOANS | 6,275,599 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -30,339 |
| Land And Building | 0 |
| Other Fixed Assets | 8,976 |
| NCUSIF Deposit | 62,913 |
| All Other Assets | 0 |
| TOTAL ASSETS | 7,408,182 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 54,002 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 17,127 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,046,827 |
| Regular shares | 2,700,284 |
| All Other Shares & Deposits | 2,852,007 |
| TOTAL SHARES & DEPOSITS | 6,599,118 |
| TOTAL LIABILITIES | 6,670,247 |
| Regular Reserve | 0 |
| Other Reserves | 142,698 |
| Undivided Earnings | 595,237 |
| TOTAL EQUITY | 737,935 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,408,182 |
| INCOME & EXPENSE | |
| Loan Income | 393,956 |
| Investment Income | 30,010 |
| Other Income | 40,109 |
| Total Employee Compensation & Benefits | 212,491 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 158,158 |
| Non-operating Income & (Expense) | -3,500 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 56,330 |
| Cost of Funds | 69,352 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -35,756 |
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