Overview / Commentary
Green Mountain Credit Union is headquartered in South Burlington and is the 7th largest credit union in the state of Vermont. It is also the 1,817th largest credit union in the nation. It was established in 1959 and as of December of 2023, it had grown to 24 employees and 5,047 members at 3 locations. Green Mountain Credit Union has a B health rating.
Field of Membership Restrictions
Membership in Green Mountain Credit Union is open to anyone who lives, works, or worships in the Vermont counties of Addison, Chittenden, Franklin, Grand Isle, Lamoille, Orange, Rutland, Washington, or Windsor. Employees of Green Mountain Power Corporation and other Vermont companies qualify for membership.
See current membership details
Health
B
Data as of Q4 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 63859 |
| Year Chartered | 1959 |
| Employees | 24 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.69% |
| Return on Equity - YTD | 13.29% |
| Annual Interest Income | $6.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2023vs Q4 2022 | $100.2MM$96.9MM |
| Loans | Q4 2023vs Q4 2022 | $85.7MM$85.7MM |
| Deposits | Q4 2023vs Q4 2022 | $84.7MM$85.4MM |
| Equity Capital | Q4 2023vs Q4 2022 | $12.8MM$11.1MM |
| Loan Loss Allowance | Q4 2023vs Q4 2022 | $616K$371K |
| Unbacked Noncurrent Loans | Q4 2023vs Q4 2022 | $4.1MM$2.6MM |
| Real Estate Owned | Q4 2023vs Q4 2022 | $0$0 |