Vermont State Employees Credit Union

Vermont State Employees Credit Union Locations
PO Box 67
Montpelier, VT 05601
800 371-5162
www.vsecu.com



Vermont State Employees Credit Union is headquartered in Montpelier and is the 2nd largest credit union in the state of Vermont. It is also the 340th largest credit union in the nation. It was established in 1947 and as of December of 2011, it had grown to 138 employees and 49,893 members. Vermont State Employees Credit Union has a 5-star health rating.

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Vermont State Employees Credit Union is offering a special 5.50% APY 33-month term share certificate. The minimum deposit is $5,000.Membership is open to those who live or work in one of 7 Vermont counties, or those who are active or retired employees of...



See Rates for: Checking | Savings | CD | IRA

Vermont State Employees Credit Union Checking Account Rates

ApyMinMaxProduct
0.10%--Checking

Vermont State Employees Credit Union Savings Account Rates

ApyMinMaxProduct
4.00%-$1kShare Savings
0.30%$50k-Special Savings
0.10%--IRA

Vermont State Employees Credit Union CD Rates

ApyMinMaxProduct
1.45%$500-6 Year CD
1.40%$500-5 Year CD
1.05%$500-4 Year CD
0.85%$500-3 Year CD
0.60%$500-18 Month CD
0.60%$500-2 Year CD

Vermont State Employees Credit Union IRA Rates

ApyMinMaxProduct
1.40%$500-5 Year IRA
1.05%$500-4 Year IRA
0.85%$500-3 Year IRA
0.60%$500-1 Year IRA
0.60%$500-2 Year IRA

Rates updated: 5/27/2012

Data for Q4 2011


Institution Statistics


VERMONT STATE EMPLOYEES
NCUA #60717
BankRate ReportView
Year Chartered1947
Employees138
Primary Regulator

Assets and Liabilities

Assets$573.36 million
Loans$344.18 million
Deposits$513.56 million
Equity Capital$46.81 million
Loan Loss Allowance$1.23 million
Unbacked Noncurrent Loans$2.00 million

Historic Data - December 2010

Assets$538.58 million
Equity Capital$45.27 million
Loan Loss Allowance$1.05 million
Unbacked Noncurrent Loans$2.25 million
Real Estate Owned$37,000

Profit Margin - Quarterly

Net Interest Margin4.88%
Return on Assets0.42%
Return on Equity5.16%
Interest Income$20.10 million
Non-Interest Income$7.23 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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, 2011 Vermont State Employees Credit Union had $2 million in non-current loans and owned real-estate with $48.04 million in equity and loan loss allowances on hand to cover it. This gives Vermont State Employees Credit Union a Texas Ratio of 4.16% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Vermont State Employees Credit Union decreased slightly from 4.93% as of December 31, 2010 to 4.16% as of December 31, 2011, resulting in a positive change of 15.64%.This indicates that the balance sheet and financial strength for Vermont State Employees Credit Union has improved slightly in recent periods.
Deposit Growth5
In the past year, Vermont State Employees Credit Union has increased its total deposits by $32.73 million, resulting in 6.81% 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 Vermont State Employees Credit Union has shown is excellent.
Capitalization3
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. Vermont State Employees Credit Union has $573.36 million in assets with $48.04 million in equity, resulting in a capitalization level of 8.38%, which is average.
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