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Overview / Commentary
800-360-6892
4 Laurel Hill Dr
South Burlingto, VT 05403

Green Mountain Credit Union is headquartered in South Burlingto and is the 14st largest credit union in the state of Vermont. It is also the 3,424th largest credit union in the nation. It was established in 1959 and as of December of 2013, it had grown to 13 employees and 4,062 members. Green Mountain Credit Union has a B health rating.

Field of Membership Restrictions

Must live, work or worship in Chittenden, Rutland, Washington or Orange County. - See Details

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Health

Data for Q4 2013

Institution Health

B
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Green Mountain Credit Union has a low asset base.

Texas Ratio

GRADE:
A

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Green Mountain Credit Union had $192,000 in non-current loans and owned real-estate with $1.84 million in equity and loan loss allowances on hand to cover it. This gives Green Mountain Credit Union a Texas Ratio of 10.46% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Green Mountain Credit Union decreased dramatically from 21.61% as of December 31, 2012 to 10.46% as of December 31, 2013, resulting in a positive change of 51.61%.This indicates that the balance sheet and financial strength for Green Mountain Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Green Mountain Credit Union has increased its total deposits by $1.71 million, resulting in 9.59% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Green Mountain Credit Union has shown is excellent.

Capitalization

GRADE:
C

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Green Mountain Credit Union has $21.33 million in assets with $1.84 million in equity, resulting in a capitalization level of 8.61%, which is average.

Institution Statistics

Overall
NCUA #63859
Year Chartered1959
Employees13
Primary Regulator
Assets and Liabilities
Assets$21.33 million
Loans$18.50 million
Deposits$19.56 million
Equity Capital$1.61 million
Loan Loss Allowance$230,000
Unbacked Noncurrent Loans$192,000
Real Estate Owned$0
Historic Data - December 2012
Assets$19.50 million
Equity Capital$1.29 million
Loan Loss Allowance$241,000
Unbacked Noncurrent Loans$192,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin6.04%
Return on Assets0.53%
Return on Equity6.97%
Interest Income$1.19 million
Rates
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Green Mountain Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.20%$100k-IRA Savings
0.20%$100k-Roth IRA Savings
0.20%$100k-Education IRA Savings
0.10%$100-Regular Shares
0.10%--Christmas Club
0.10%--Special Savings

Green Mountain Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$100k-Money Market Account

Green Mountain Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.46%$500-60 Month Share Certificate
1.00%$500-48 Month Share Certificate
0.75%$500-36 Month Share Certificate
0.50%$500-18 Month Share Certificate
0.50%$500-24 Month Share Certificate
0.40%$500-12 Month Share Certificate
0.25%$500-6 Month Share Certificate

Green Mountain Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.46%$500-60 Month IRA (Traditional,Roth,CESA)
1.00%$500-48 Month IRA (Traditional,Roth,CESA)
0.75%$500-36 Month IRA (Traditional,Roth,CESA)
0.50%$500-18 Month IRA (Traditional,Roth,CESA)
0.50%$500-24 Month IRA (Traditional,Roth,CESA)
0.40%$500-12 Month IRA (Traditional,Roth,CESA)
0.25%$500-6 Month IRA (Traditional,Roth,CESA)
Locations


Green Mountain Credit Union Locations
Branch Office4 Laurel Hill DrSouth Burlington, VT 054037378
Branch Office3141 Cold River RdRutland, VT 057014743
Branch Office1311 US Route 302Barre, VT 056412399