Dec, 31, 2023 — ONE CREDIT UNION is a federally insured state chartered credit union headquartered in SPRINGFIELD, VT with 8 branch locations and about $245.27 million in total assets. Opened 72 years ago in 1952, ONE CREDIT UNION has about 19,112 members and employs 64 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: | https://www.onecu.org |
Branches: | 8 branch locations |
Members: | 19,112 |
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, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $245,272,859 |
CEO/Manager: | BRETT A SMITH |
Chairperson: | Jeffrey W Taft |
ASSETS: | $ Amount |
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Cash & Equivalents | 9,829,601 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 85,182,241 |
Unsecured Loans | 15,633,957 |
Other Loans | 88,392,312 |
TOTAL LOANS | 189,208,509 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,040,500 |
Land And Building | 6,878,270 |
Other Fixed Assets | 984,633 |
NCUSIF Deposit | 2,218,018 |
All Other Assets | 250,000 |
TOTAL ASSETS | 245,272,859 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,092,057 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 46,721,047 |
Regular shares | 121,985,665 |
All Other Shares & Deposits | 60,426,708 |
TOTAL SHARES & DEPOSITS | 229,133,421 |
TOTAL LIABILITIES | 230,225,478 |
Regular Reserve | 0 |
Other Reserves | 738,301 |
Undivided Earnings | 14,309,080 |
TOTAL EQUITY | 15,047,381 |
TOTAL LIABILITIES, SHARES, & EQUITY | 245,272,859 |
INCOME & EXPENSE | |
Loan Income | 10,098,012 |
Investment Income | 887,773 |
Other Income | 1,767,182 |
Total Employee Compensation & Benefits | 5,092,866 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,833,985 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,345,195 |
Cost of Funds | 2,101,600 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 758,049 |
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