Overview
What is Vermont State Employees Credit Union?
The Vermont State Employees Credit Union, or VSECU, is a state-chartered financial institution based in Montpelier, Vermont. With a membership of over 71,000 individuals and 130,026 deposit accounts, VSECU provides various financial services to its members within the state. As of December 31, 2022, the credit union had 31,065 active loans. VSECU's mission is dedicated to enhancing the quality of life for all Vermonters. Prior to January 1, 2023, VSECU merged into New England Federal Credit Union, and now operates under that legal entity. The organization employed approximately 240 individuals.
Official website here: www.vsecu.com
What do the Facebook reviews say about Vermont State Employees Credit Union?
86% of 245 reviewers on Facebook recommend Vermont State Employees Credit Union. Here is a summary of their reviews:
The general consensus is that VSECU provides a welcoming and friendly environment. Many customers appreciate the helpfulness of the staff, noting that they go above and beyond to assist members with their needs. This creates a positive atmosphere that encourages users to recommend VSECU to others.
Overall, it appears that members feel supported and valued at VSECU, leading to a high level of satisfaction with the services offered. This positive sentiment indicates that the credit union is largely meeting the expectations of its members.
This AI summary has been generated from reviews found on Facebook.
Is Vermont State Employees Credit Union legitimate?
Vermont State Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Vermont State Employees Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $2,046,618
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,227,866
For more financial information, click here
Official website here: www.vsecu.com
What is the mission statement of Vermont State Employees Credit Union?
The Vermont State Employees Credit Union (VSECU) is committed to enhancing the lives of all Vermonters. This mission-driven financial institution provides a range of financial services to its members. As of the end of 2022, VSECU boasted 71,598 members, 130,026 deposit accounts, and 31,065 active loans. In a significant move, VSECU merged into New England Federal Credit Union at the turn of the year, operating under New England Federal Credit Union's legal entity from January 1, 2023. Despite the merger, VSECU remains dedicated to improving the quality of life for Vermonters.
Official website here: www.vsecu.com
Who is the CEO of Vermont State Employees Credit Union?
Robert Miller is the President/Ceo of Vermont State Employees Credit Union. The CEO's salary of Vermont State Employees Credit Union is $470,250 and their total compensation is $527,958.
Official website here: www.vsecu.com
What is the revenue of Vermont State Employees Credit Union?
Vermont State Employees Credit Union's revenue in 2022 was $47,202,194.
Official website here: www.vsecu.com
Who are the executives of Vermont State Employees Credit Union and what are their salaries?
The average compensation at Vermont State Employees Credit Union during 2022 was $59,477. There are 240 employees and 14 volunteers at Vermont State Employees Credit Union.
Here are 25 key members and their salaries (Vermont State Employees Credit Union's CEO's salary is $470,250 and their total compensation is $527,958):
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- Compensation: $470,250
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- Other: $57,708
- Compensation: $283,897
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- Other: $29,271
- Compensation: $294,345
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- Other: $53,163
- Compensation: $289,219
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- Other: $48,415
- Compensation: $262,160
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- Other: $52,417
- Compensation: $167,664
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- Other: $38,109
- Compensation: $168,827
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- Other: $19,693
- Compensation: $130,839
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- Other: $6,060
- Compensation: $163,123
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- Other: $19,324
- Compensation: $132,966
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- Other: $23,702
- Compensation: $131,371
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- Other: $29,350
Official website here: www.vsecu.com
Where can I find the form 990 for Vermont State Employees Credit Union?
Vermont State Employees Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vsecu.com
Learn more at the official website: www.vsecu.com
Mission Statement of Vermont State Employees Credit Union
Vermont State Employees Credit Union, also known as VSECU, is a mission-driven financial institution dedicated to enhancing the lives of all Vermonters. In simple terms, this credit union's primary goal is to serve and enrich the community it caters to.
With a strong commitment to its members, VSECU offers a comprehensive range of financial services that includes various deposit accounts and active loans. As of December 31, 2022, the credit union boasted an impressive membership base of 71,598 individuals and managed an impressive 130,026 deposit accounts and 31,065 active loans.
The organization's mission extends beyond financial services. VSECU aims to improve the overall quality of life for Vermonters, ensuring that everyone in the community has access to essential financial services. The credit union's dedication to its members is so strong that it underwent a merger with New England Federal Credit Union on January 1, 2023, in order to expand its reach and offer even more benefits to its users. This strategic move allowed VSECU to continue providing top-notch financial services while maintaining its unique identity and unwavering commitment to the community.
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Impact
October, 2024
Vermont State Employees Credit Union (VSECU) has played a significant role in enhancing the financial well-being of its members throughout the state. By providing accessible financial services, VSECU has fostered financial stability for a diverse membership base, which included 71,598 individuals as of the end of 2022. With 130,026 deposit accounts and 31,065 active loans, the credit union has facilitated both savings and credit options for its members.
The organization’s commitment to improving the quality of life for all Vermonters is evident in its mission, which emphasizes community impact and member support. By offering various financial products, VSECU has empowered members to manage their finances effectively, whether it be through savings, loans, or financial education.
The merger into New England Federal Credit Union at the start of 2023 allows VSECU to continue its legacy of service under a new entity, further enhancing its capacity to provide benefits to the community while maintaining a focus on member needs and public good.
This information is meant to be a general summary of Vermont State Employees Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,621,056
- Program Service Revenue: $43,588,898
- Gross Receipts: $47,202,194
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INCOME ON LOANS
Revenue
$36,028,558
FEES AND CHARGES
Revenue
$7,493,562
FINANCE AND INSURANCE
Revenue
$66,778
Organization Details
Founding Year
1947
Phone
(802) 371-5162Principal Officer
Robert Miller
Main Address
1 BAILEY AVENUE, MONTPELIER, VT, 05602
Website
www.vsecu.comNTEE Category
Code: W60 - Public benefit
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