EIN 03-0184985

Vermont State Employees Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
240
City
Montpelier
State
Year formed
1947
Most recent tax filings
2022-12-01
Notice
This nonprofit is terminated or no longer active
Vermont State Employees Credit Union may be no longer active or terminated. Either the organization hasn't filed a Form 990 in many years and appears to no longer be active, or they marked in their most recent Form 990 that they have closed down.
Description
Vermont State Employees Credit Union provides financial services to its members in Vermont, with a mission dedicated to improving the quality of life for all Vermonters. VSECU has 70,829 members as of December 31, 2021 and offers various financial products such as deposit accounts and loans.
Total revenues
$47,202,194
2022
Total expenses
$37,928,594
2022
Total assets
$0
2022
Num. employees
240
2022

Program areas at Vermont State Employees Credit Union

The Vermont State Employees Credit Union (vsecu) offers financial services products to its members. As of december 31, 2022 vsecu had 71,598 members with 130,026 deposit accounts and 31,065 active loans. At the close of business on december 31, 2022, Vermont State Employees Credit Union merged into new england federal Credit Union. Effective january 1, 2023, Vermont State Employees Credit Union will operate under the legal entity of new england federal Credit Union.

Grants made by Vermont State Employees Credit Union

GranteeGrant descriptionAmount
Vermont Council on Rural DevelopmentCharitable Contribution$12,912
Prevent Child Abuse VermontCharitable Contribution$12,700
Cover Home RepairCharitable Contribution$10,809
...and 5 more grants made

Personnel at Vermont State Employees Credit Union

NameTitleCompensation
Robert MillerPresident and Chief Executive Officer$470,250
Richard HommelSenior Vice President - Technology and Operations$289,219
Terence FieldSenior Vice President of Finance$283,897
Yvonne GarandSenior Vice President - Business Development$294,345
Trevor ThorpeVice President It Infrastructure$168,827
...and 7 more key personnel

Financials for Vermont State Employees Credit Union

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$43,588,898
Investment income and dividends$2,621,056
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$992,240
Total revenues$47,202,194

Form 990s for Vermont State Employees Credit Union

Fiscal year endingDate received by IRSFormPDF link
2022-122023-10-23990View PDF
2021-122022-05-16990View PDF
2020-122021-10-27990View PDF
2019-122020-09-15990View PDF
2018-122020-09-15990View PDF
...and 10 more Form 990s

Organizations like Vermont State Employees Credit Union

OrganizationLocationRevenue
Mainstreet Credit UnionLenexa, KS$16,948,261
Heritage Credit UnionDeforest, WI$20,193,229
Golden Plains Credit UnionGarden City, KS$44,194,863
ELGA Credit UnionGrand Blanc, MI$86,734,421
Telcomm Credit UnionSpringfield, MO$13,563,264
University of Illinois Community Credit UnionChampaign, IL$29,419,590
Navigator Credit UnionPascagoula, MS$26,230,497
Azura Credit UnionTopeka, KS$38,277,046
Western Cooperative Credit UnionWilliston, ND$16,661,044
Cooperativa de Ahorro Y Credito San JoseAibonito, PR$15,562,374
Data update history
December 1, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 30, 2023
Updated personnel
Identified 4 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 17, 2023
Posted financials
Added Form 990 for fiscal year 2020
July 11, 2023
Used new vendors
Identified 2 new vendors, including , and
Nonprofit Types
Credit unionsHeadquarter / parent organizations
Issues
No issues found
Characteristics
State / local levelTerminated
General information
Address
1 Bailey Ave
Montpelier, VT 05602
County
Washington County, VT
Website URL
vsecu.com/ 
Phone
(802) 371-5162
IRS details
EIN
03-0184985
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1947
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Central organization
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