2016-05-06T12:27:05-07:00 2015-12-31 990 2015-01-01 036008252 ONE CREDIT UNION ONEC 8028864228 380 RIVER STREET SPRINGFIELD VT 05156 Rhoda Stevens Accountant 8028864228 2016-05-06 2015 2016-09-27 15:27:22Z JERRY C CROSS 380 RIVER STREET SPRINGFIELD VT 05156 7233460 0 X www.onecu.org X 1952 VT PROVIDING FINANCIAL SERVICES 8 8 64 11 0 0 0 0 6385754 6903996 243674 245121 0 0 6629428 7149117 0 0 436955 389881 2991077 3038821 0 0 0 2959415 3395987 6387447 6824689 241981 324428 132333212 139056792 117637731 124386238 14695481 14670554 THE PURPOSE OF THIS CREDIT UNION IS TO PROMOTE THRIFT AMONG ITS MEMBERS BY AFFORDING THEM AN OPPORTUNITY FOR ACCUMULATING THEIR SAVINGS, TO CREATE FOR THEM A SOURCE OF CREDIT FOR PROVIDENT OR PRODUCTIVE PURPOSES AT A REASONABLE RATE OF INTEREST, AND TO PROVIDE THE OPPORTUNITY FOR THE MEMBERS TO USE AND CONTROL THEIR MONEY FOR THEIR MUTUAL BENEFIT. 0 0 THE PURPOSE OF THIS CREDIT UNION IS TO PROMOTE THRIFT AMONG ITS MEMBERS BY AFFORDING THEM AN OPPORTUNITY FOR ACCUMULATING THEIR SAVINGS, TO CREATE FOR THEM A SOURCE OF CREDIT FOR PROVIDENT OR PRODUCTIVE PURPOSES AT A REASONABLE RATE OF INTEREST, AND TO PROVIDE THE OPPORTUNITY FOR THE MEMBERS TO USE AND CONTROL THEIR MONEY FOR THEIR MUTUAL BENEFIT. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 3632 0 1 64 1 0 0 0 0 0 0 X 8 8 0 0 0 0 1 1 0 1 1 0 0 0 0 0 1 1 1 0 VT X ONE CREDIT UNION 8028864228 380 RIVER STREET SPRINGFIELD VT 05156 JEFF TAFT CHAIRMAN/BOARD OF DIRECTORS 1 0 X 0 0 0 ROBERT REARDON TREASURER/BOARD OF DIRECTORS 1 0 X 0 0 0 JOHN CLARK DIRECTOR 1 0 X 0 0 0 JACK MITCHELL DIRECTOR 1 0 X 0 0 0 RICHARD NORTH VICE CHAIRPERSON, DIRECTOR 1 0 X 0 0 0 LINDA MOORE DIRECTOR 1 X 0 0 0 BARBARA MENARD SECRETARY; DIRECTOR 1 0 X 0 0 0 C MARTIN PREVOST DIRECTOR 1 0 X 0 0 0 JERRY CROSS CEO/PRESIDENT 45 0 X 112375 0 0 112375 0 0 1 0 0 0 0 0 LOAN INTEREST INCOME 522130 4414370 4414370 0 0 PROGRAM SERVICE FEES 522130 2489626 2489626 0 0 0 0 0 0 6903996 321418 321418 0 0 0 0 0 0 0 0 0 0 0 0 0 8046 0 84343 0 -76297 -76297 -76297 0 0 0 7149117 7149117 0 0 X 389881 2312968 46435 679418 176567 76000 734772 170429 610918 262534 292164 32230 85646 67713 LOAN SERVICING EXPENSES 484077 PROVISION FOR LOAN LOSS 376456 26481 6824689 0 0 0 2222725 1874493 35983181 35687910 0 0 979110 1760032 0 0 86548886 93121499 0 103485 176258 5251777 2462726 2861109 2789051 0 0 0 0 3634716 3647549 132333212 139056792 352290 429047 0 0 0 0 0 0 0 0 0 0 0 0 0 0 117285441 123957191 117637731 124386238 X 0 0 0 0 14695481 14670554 14695481 14670554 132333212 139056792 X 324428 -212200 0 0 0 -137155 X 1 X 1 X 0 0 0 575073 575073 0 3224026 1376361 1847665 0 224268 208120 16148 0 1228410 878245 350165 0 0 0 0 2789051 MEMBER DEPOSITS 123957191 123957191 JOHN S CLARK BOARD MEMBER HELOC X 30000 16267 0 1 1 WILLIAM MITCHELL BOARD MEMBER CREDIT CARD X 3000 49 0 1 1 LINDA S MOORE BOARD MEMBER HELOC X 40000 30145 0 1 1 LINDA S MOORE BOARD MEMBER MORTGAGE X 325000 236425 0 1 1 LINDA S MOORE BOARD MEMBER NEW AUTO X 45000 45000 0 1 1 RICHARD B NORTH BOARD MEMBER HELOC X 20000 17400 0 1 1 C MARTIN PREVOST BOARD MEMBER NEW AUTO X 30673 6478 0 1 1 C MARTIN PREVOST BOARD MEMBER HELOC X 67000 61983 0 1 1 C MARTIN PREVOST BOARD MEMBER CREDIT CARD X 2500 2388 0 1 1 ROBERT REARDON BOARD MEMBER CREDIT CARD X 10000 1209 0 1 1 JEFFREY TAFT BOARD CHAIRMAN CREDIT CARD X 17000 1209 0 1 1 418553 Form 990, Part VI, Section A, Line 6 MEMBERS Form 990, Part VI, Section A, Line 7a MEMBERS ELECT THE BOARD OF DIRECTORS AT THE ANNUAL MEMBERSHIP MEETING Form 990, Part VI, Section B, Line 11b NO FORMAL REVIEW WAS CONDUCTED WITH ALL MEMBERS OF THE GOVERNING BODY Form 990, Part VI, Section B, Line 15 THE GOVERNING BODY SET THE COMPENSATION LEVEL FOR THE CEO USING INDUSTRY SALARY DATA AND COST OF LIVING INDEXES. Form 990, Part VI, Section C, Line 19 LOBBY FINANCIALS ARE POSTED MONTHLY IN EACH BRANCH. DETAILED FINANCIALS AND POLICIES ARE AVAILABLE UPON REQUEST Form 990, Part IX, Line 11g CORE SYSTEM EXPENSES Form 990, Part XI, Line 9 WAS REVIEWED BY CPA FIRM