EIN 03-0321712

Opportunities Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
33
State
Year formed
1989
Most recent tax filings
2023-12-01
Description
Opportunities Credit Union aids Vermonters with affordable financial services, fostering economic stability and supporting underserved communities through loans, counseling, and innovative programs.
Total revenues
$4,515,877
2023
Total expenses
$4,426,983
2023
Total assets
$65,716,416
2023
Num. employees
33
2023

Program areas at Opportunities Credit Union

Opportunities Credit Union (the Credit Union) is focused on improving the financial stability of vermonters. Our diverse membership comes from over 220 towns, and many arrived in Vermont as refugees or immigrants from other countries. Each member has their own unique story and financial goals. Our investors and partners are equally focused on having an impact in our target market. The Credit Union is a certified community development financial institution serving the state of Vermont's moderate and low-income population with affordable capital and counseling-based financial services. The Credit Union attracts federal and other grants to assist in providing these programs. As a nonprofit organization, the Credit Union is dedicated to promoting thrift among its members by affording them an opportunity for accumulating their savings, assisting to create for them a source of Credit for provident or productive purposes at a reasonable rate of interest, and providing the opportunity for the members to use and control their money for their mutual benefits. The target area is the burlington enterprise community and selected groups throughout Vermont.

Who funds Opportunities Credit Union

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Consumer Credit Counseling Service of San Francisco (CCCS)Housing Counseling & Education$88,893
OpportunitiesGeneral Support$13,609

Personnel at Opportunities Credit Union

NameTitleCompensation
Kate LaudPresident and Chief Executive Officer
Erin MetivierSenior Finance and Human Resources Manager$103,217
Katharine LaudPast President$166,042
Agnes CookSecretary and Treasurer$0
Glenn von BernewitzVice Chair$0
...and 8 more key personnel

Financials for Opportunities Credit Union

RevenuesFYE 12/2023
Total grants, contributions, etc.$937,522
Program services$3,371,605
Investment income and dividends$206,750
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$0
Total revenues$4,515,877

Form 990s for Opportunities Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-12990View PDF
2022-122023-09-05990View PDF
2021-122022-11-13990View PDF
2020-122021-10-01990View PDF
2018-122020-01-16990View PDF
...and 9 more Form 990s

Organizations like Opportunities Credit Union

OrganizationLocationRevenue
Abri Credit UnionRomeoville, IL$20,330,650
St Jeans Credit UnionSalem, MA$17,647,270
Cooperativa de Ahorro Y Credito de MaunaboMaunabo, PR$16,255,291
Cooperativa de Ahorro Y Credito de ManatiManati, PR$21,196,699
Cooperativa de Ahorro Y Credito Vega AltaPuerto Rico, $22,056,887
Cooperativa Ac La Sagrada FamiliaCorozal, PR$18,355,245
Arsenal Credit Union (ACU)Arnold, MO$21,467,724
Kansas Teachers Community Credit UnionPittsburg, KS$5,792,128
CSD Credit UnionKansas City, MO$3,435,712
Cooperativa de Ahorro Y Credito MorovenaMorovis, PR$8,648,954
Data update history
December 26, 2024
Used new vendors
Identified 2 new vendors, including , and
November 27, 2023
Received grants
Identified 1 new grant, including a grant for $88,893 from Consumer Credit Counseling Service of San Francisco (CCCS)
November 7, 2023
Posted financials
Added Form 990 for fiscal year 2022
October 30, 2023
Updated personnel
Identified 2 new personnel
October 25, 2023
Received grants
Identified 1 new grant, including a grant for $23,650 from Opportunities
Nonprofit Types
Credit unionsCommunity Development Financial InstitutionsHeadquarter / parent organizations
Issues
No issues found
Characteristics
State / local levelReceives government funding
General information
Address
25 Winooski Falls Way 203
Winooski, VT 05404
Metro area
Burlington-South Burlington, VT
County
Chittenden County, VT
Website URL
oppsvt.org/ 
Phone
(802) 654-4540
IRS details
EIN
03-0321712
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1989
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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