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Overview / Commentary
69 Swift St
S Burlington, VT 05403

North Country Credit Union is headquartered in S Burlington and is the 3rd largest credit union in the state of Vermont. It is also the 500th largest credit union in the nation. It was established in 1950 and as of March of 2014, it had grown to 113 employees and 32,016 members. North Country Credit Union's savings rates are 3X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Must live, work, study or worship in northern Vermont (Addison, Caledonia, Chittenden, Essex, Franklin, Grand Isle, Lamoille, Orange, Orleans or Washington County). - See Details

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 North Country Credit Union had $4.2 million in non-current loans and owned real-estate with $40.9 million in equity and loan loss allowances on hand to cover it. This gives North Country Credit Union a Texas Ratio of 10.27% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for North Country Credit Union experienced no significant changes from 9.95% as of March 31, 2013 to 10.27% as of March 31, 2014, resulting in a negative change of 3.23%. This indicates that the balance sheet and financial strength for North Country Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, North Country Credit Union has increased its total deposits by $16.04 million, resulting in 4.2% 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 North Country Credit Union has shown is excellent.



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. North Country Credit Union has $446.63 million in assets with $40.9 million in equity, resulting in a capitalization level of 9.16%, which is average.

Institution Statistics

NCUA #24312
Year Chartered1950
Primary Regulator
Assets and Liabilities
Assets$446.63 million
Loans$344.50 million
Deposits$398.04 million
Equity Capital$37.85 million
Loan Loss Allowance$3.05 million
Unbacked Noncurrent Loans$4.05 million
Real Estate Owned$150,000
Historic Data - March 2013
Assets$428.40 million
Equity Capital$34.17 million
Loan Loss Allowance$3.22 million
Unbacked Noncurrent Loans$4.05 million
Real Estate Owned$551,000
Profit Margin - Quarterly
Net Interest Margin1.07%
Return on Assets0.77%
Return on Equity9.06%
Interest Income$4.73 million

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North Country Credit Union Savings Account Rates

1.50%--Health Savings Account
0.20%$50-Savings Account
0.20%--Club Account
0.20%--Youth Account
0.20%--Kasasa Saver - Qualifying

North Country Credit Union Money Market Rates

0.55%$50k-Money Market Account

North Country Credit Union Checking Account Rates

2.01%-$10kKasasa Cash - Qualifying
0.05%--Kasasa Cash - Non Qualifying

North Country Credit Union CD Rates

2.10%$500-60 Month Share CD
1.50%$500-48 Month Share CD
1.15%$500-36 Month Share CD
0.75%$500-24 Month Share CD
0.60%$500-18 Month Share CD
0.55%$500-12 Month Share CD
0.30%$500-6 Month Share CD
0.25%$500-24 Month Variable Share CD
0.20%$500-3 Month Share CD

North Country Credit Union IRA Rates

2.10%$500-60 Month Traditional IRA
1.50%$500-48 Month Traditional IRA
1.15%$500-36 Month Traditional IRA
0.75%$500-24 Month Traditional IRA
0.60%$500-18 Month Traditional IRA
0.55%$500-12 Month Traditional IRA
0.25%$500-24 Month Variable Traditional IRA

North Country Credit Union Locations
Branch Office1049 North AveBurlington, VT 05408
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Branch Office39 Lower Mountain View DrColchester, VT 05446
Branch Office49 Carleton Blvd.E Montpelier, VT 05651
Branch Office69 Swift StS Burlington, VT 05403
Branch Office1474 E Main StNewport, VT 05855-6400