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ORLEX GOVERNMENT EMPLOYEES CREDIT UNION

Jun, 30, 2021 — ORLEX GOVERNMENT EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in Newport, VT with 0 branch location and about $7.78 million in total assets. Opened 68 years ago in 1953, ORLEX GOVERNMENT EMPLOYEES CREDIT UNION has about 1,323 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 05855-9843
Phone:(802) 334-5084
Fax:(802) 334-3846
Website:http://www.orlex.com
Branches:0 branch locations
Members:1,323
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$7,777,321
CEO/Manager:JUDY J JENNE
Chairperson:Jennie A Dion

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,045,253
TOTAL INVESTMENTS 15,391
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 1,243,805
 Other Loans 4,356,885
 TOTAL LOANS 5,600,690
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -9,935
 Land And Building 0
 Other Fixed Assets 19,658
 NCUSIF Deposit 67,079
 All Other Assets 39,185
  TOTAL ASSETS 7,777,321
LIABILITIES & CAPITAL:  
 Dividends Payable 5,386
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 9,762
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,037,993
 Regular shares 3,406,548
 All Other Shares & Deposits 2,604,776
  TOTAL SHARES & DEPOSITS 7,049,317
  TOTAL LIABILITIES 7,064,465
 Regular Reserve 142,699
 Other Reserves 0
 Undivided Earnings 570,157
  TOTAL EQUITY 712,856
  TOTAL LIABILITIES, SHARES, & EQUITY 7,777,321
INCOME & EXPENSE  
 Loan Income 184,314
 Investment Income 3,564
 Other Income 19,971
 Total Employee Compensation & Benefits 102,501
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 77,092
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -311
 Cost of Funds 9,199
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 19,368
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