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Overview / Commentary
800-371-5162
1 Bailey Ave
Montpelier, VT 05602

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 361st largest credit union in the nation. It was established in 1947 and as of March of 2014, it had grown to 149 employees and 52,860 members. Vermont State Employees Credit Union's savings rates are 6X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Must be resident of Vermont or you work in Vermont, even if you live out-of-state. - See Details

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Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
A+

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 Vermont State Employees Credit Union had $3.04 million in non-current loans and owned real-estate with $54.02 million in equity and loan loss allowances on hand to cover it. This gives Vermont State Employees Credit Union a Texas Ratio of 5.63% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Vermont State Employees Credit Union experienced no significant changes from 5.05% as of March 31, 2013 to 5.63% as of March 31, 2014, resulting in a negative change of 11.37%. This indicates that the balance sheet and financial strength for Vermont State Employees Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Vermont State Employees Credit Union has increased its total deposits by $18.66 million, resulting in 3.44% 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.

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. Vermont State Employees Credit Union has $630.41 million in assets with $54.02 million in equity, resulting in a capitalization level of 8.57%, which is average.

Institution Statistics

Overall
NCUA #60717
Year Chartered1947
Employees149
Primary Regulator
Assets and Liabilities
Assets$630.41 million
Loans$434.61 million
Deposits$561.48 million
Equity Capital$52.24 million
Loan Loss Allowance$1.78 million
Unbacked Noncurrent Loans$2.86 million
Real Estate Owned$185,000
Historic Data - March 2013
Assets$606.33 million
Equity Capital$50.82 million
Loan Loss Allowance$1.47 million
Unbacked Noncurrent Loans$2.86 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.03%
Return on Assets0.24%
Return on Equity2.87%
Interest Income$5.01 million
Rates
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Vermont State Employees Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
3.00%-$1kShare Savings
0.30%$50k-Special Savings
0.10%--IRA

Vermont State Employees Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--Checking

Vermont State Employees Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
2.50%$500-6 Year CD
2.05%$500-5 Year CD
1.55%$500-4 Year CD
1.35%$500-3 Year CD
1.15%$500-2 Year CD
0.50%$500-18 Month CD

Vermont State Employees Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
2.50%$500-6 Year IRA
2.05%$500-5 Year IRA
1.55%$500-4 Year IRA
1.35%$500-3 Year IRA
1.15%$500-2 Year IRA
0.60%$500-1 Year IRA
Locations


Vermont State Employees Credit Union Locations
Branch Office499 Canal StBrattleboro, VT 05301
Branch Office72 Seward RdRutland, VT 05701
Branch Office365 Paine Tpke NBerlin, VT 05602
Branch Office86 Pearl StBurlington, VT 05401
Branch Office27 S Main StWaterbury, VT 05676
Branch Office1 Bailey AveMontpelier, VT 05602
Branch Office1755 Essex RdWilliston, VT 05495
Branch Office1028 US Route 2 # 302-BERLINMontpelier, VT 05602