Dec, 31, 2023 — OPPORTUNITIES CREDIT UNION is a federally insured state chartered credit union headquartered in WINOOSKI, VT with 2 branch locations and about $65.69 million in total assets. Opened 35 years ago in 1989, OPPORTUNITIES CREDIT UNION has about 5,874 members and employs 28 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | OPPORTUNITIES CREDIT UNION |
|---|---|
| Address: (Main Office) | 25 Winooski Falls Way WINOOSKI, VT 05404 |
| Phone: | (802) 865-3404 |
| Fax: | (802) 862-8971 |
| Website: | https://www.oppsvt.org |
| Branches: | 2 branch locations |
| Members: | 5,874 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67251 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1989 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $65,693,464 |
| CEO/Manager: | Kate Laud |
| Chairperson: | Glenn Von Bernewitz |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,790,656 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 87,000 |
| Real Estate Loans | 43,824,569 |
| Unsecured Loans | 586,243 |
| Other Loans | 11,647,257 |
| TOTAL LOANS | 56,058,070 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -243,314 |
| Land And Building | 0 |
| Other Fixed Assets | 139,078 |
| NCUSIF Deposit | 370,602 |
| All Other Assets | 0 |
| TOTAL ASSETS | 65,693,464 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 5,972,160 |
| Accounts Payable & Other Liabilities | 312,067 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 950,000 |
| Share Drafts | 7,840,560 |
| Regular shares | 12,184,874 |
| All Other Shares & Deposits | 32,055,705 |
| TOTAL SHARES & DEPOSITS | 52,081,139 |
| TOTAL LIABILITIES | 59,315,366 |
| Regular Reserve | 0 |
| Other Reserves | 3,594,107 |
| Undivided Earnings | 2,783,991 |
| TOTAL EQUITY | 6,378,098 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 65,693,464 |
| INCOME & EXPENSE | |
| Loan Income | 2,737,062 |
| Investment Income | 206,750 |
| Other Income | 355,342 |
| Total Employee Compensation & Benefits | 2,102,318 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,244,300 |
| Non-operating Income & (Expense) | 937,639 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 377,515 |
| Cost of Funds | 770,188 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 88,900 |
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