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VERMONT STATE EMPLOYEES CREDIT UNION

EIN 03-0184985 MONTPELIER, VT

Revenue 2022
$47,202,194
Expenses 2022
$37,928,594

As filed

Subsection
14
Street
1 BAILEY AVENUE

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2022

Mission

OUR MISSION IS DEDICATED TO IMPROVING THE QUALITY OF LIVES FOR ALL VERMONTERS.

Activities or mission (Part I)

VERMONT STATE EMPLOYEES CREDIT UNION IS A STATE CHARTERED CREDIT UNION PROVIDING FINANCIAL SERVICES TO ITS MEMBERS IN THE STATE OF VERMONT.

  • 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.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2022

As listed in Part VII of the 2022 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • JAMES LARSEN

    BOD, DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HEATHER NEUWIRTH LOVEYJOY

    BOD, SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • COLIN OWYANG

    BOD, DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JANET HOLLNAR

    BOD, TREASURER

    Total calculated
    $0
    Hours/week
    1

  • SPENCER NEWMAN

    BOD, CHAIR

    Total calculated
    $0
    Hours/week
    1

  • EUGENE WESCOTT

    SUPERVISORY COMMITTEE CHAI

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM BELONGIA

    SUPERVISORY COMMITTEE

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL HOGAN

    BOD, V. CHAIR

    Total calculated
    $0
    Hours/week
    1

  • RENEE SULLIVAN

    SUPERVISORY COMMITTEE

    Total calculated
    $0
    Hours/week
    1

  • GEORGE SALES

    BOD, DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JULIE LINEBERGER

    BOD, DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEPHANIE MEUNIER

    BOD, DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • OWN MILNE

    BOD, DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CARRIE SIMMONS

    BOD, DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT MILLER

    PRESIDENT/CEO

    Total calculated
    $527,958
    From this org
    $470,250
    From related orgs
    $0
    Other
    $57,708
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $402,350
    Bonus
    $66,704
    Other
    $1,196
    Deferred
    $25,970
    Nontaxable benefits
    $31,738
    Filer's total
    $527,958

  • TERENCE FIELD

    SVP-FINANCE

    Total calculated
    $313,168
    From this org
    $283,897
    From related orgs
    $0
    Other
    $29,271
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $232,254
    Bonus
    $49,434
    Other
    $2,209
    Deferred
    $26,531
    Nontaxable benefits
    $2,740
    Filer's total
    $313,168

  • YVONNE GARAND

    SVP-BUSINESS DEVELOPMENT

    Total calculated
    $347,508
    From this org
    $294,345
    From related orgs
    $0
    Other
    $53,163
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $244,577
    Bonus
    $49,768
    Other
    $0
    Deferred
    $27,000
    Nontaxable benefits
    $26,163
    Filer's total
    $347,508

  • RICHARD HOMMEL

    SVP-TECHNOLOGY/OPERATIONS

    Total calculated
    $337,634
    From this org
    $289,219
    From related orgs
    $0
    Other
    $48,415
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $238,944
    Bonus
    $50,275
    Other
    $0
    Deferred
    $27,000
    Nontaxable benefits
    $21,415
    Filer's total
    $337,634

  • VALERIE BEAUDIN

    SVP-LENDING

    Total calculated
    $314,577
    From this org
    $262,160
    From related orgs
    $0
    Other
    $52,417
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $219,343
    Bonus
    $42,817
    Other
    $0
    Deferred
    $27,000
    Nontaxable benefits
    $25,417
    Filer's total
    $314,577

  • GREGORY HUYSMANN

    DIRECTOR OF BUSINESS LENDI

    Total calculated
    $205,773
    From this org
    $167,664
    From related orgs
    $0
    Other
    $38,109
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,168
    Bonus
    $24,496
    Other
    $0
    Deferred
    $16,790
    Nontaxable benefits
    $21,319
    Filer's total
    $205,773

  • TREVOR THORPE

    VP IT INFRASTRUCTURE

    Total calculated
    $188,520
    From this org
    $168,827
    From related orgs
    $0
    Other
    $19,693
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,272
    Bonus
    $25,790
    Other
    $765
    Deferred
    $12,811
    Nontaxable benefits
    $6,882
    Filer's total
    $188,520

  • ERIC PASTI

    SR. VMWARE SYSTEMS ADMIN

    Total calculated
    $136,899
    From this org
    $130,839
    From related orgs
    $0
    Other
    $6,060
    Hours/week
    40

  • SARA PRYCE

    VP BUSINESS SOLUTIONS

    Total calculated
    $182,447
    From this org
    $163,123
    From related orgs
    $0
    Other
    $19,324
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,287
    Bonus
    $23,370
    Other
    $466
    Deferred
    $13,264
    Nontaxable benefits
    $6,060
    Filer's total
    $182,447

  • EILEEN MEAD-BELANGER

    VP HUMAN RESOURCES

    Total calculated
    $156,668
    From this org
    $132,966
    From related orgs
    $0
    Other
    $23,702
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $112,763
    Bonus
    $19,152
    Other
    $1,051
    Deferred
    $19,584
    Nontaxable benefits
    $4,118
    Filer's total
    $156,668

  • JILL STOWE

    VP COMPLIANCE

    Total calculated
    $160,721
    From this org
    $131,371
    From related orgs
    $0
    Other
    $29,350
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $110,964
    Bonus
    $19,316
    Other
    $1,091
    Deferred
    $25,232
    Nontaxable benefits
    $4,118
    Filer's total
    $160,721

The first 25 listed. Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us. Earlier years are each on their own filing page.

Filings

  • 2022
    Revenue
    $47,202,194
    Expenses
    $37,928,594
    Contributions
    $0
    Grants paid
    $651,789

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $48,370,084
    Expenses
    $35,284,594
    Assets (EOY)
    $1,088,463,473

  • 2020 · 990

    Revenue
    $45,009,787
    Expenses
    $38,328,313
    Assets (EOY)
    $985,091,351

  • 2019 · 990

    Revenue
    $43,023,253
    Expenses
    $36,724,126
    Assets (EOY)
    $842,445,629

  • 2018 · 990

    Revenue
    $40,299,462
    Expenses
    $34,933,142
    Assets (EOY)
    $778,214,523

  • 2018 · 990

    Revenue
    $40,299,462
    Expenses
    $34,933,142
    Assets (EOY)
    $778,214,523

  • 2017 · 990

    Revenue
    $35,711,826
    Expenses
    $32,559,222
    Assets (EOY)
    $752,433,621

  • 2016 · 990

    Revenue
    $32,193,464
    Expenses
    $28,109,278
    Assets (EOY)
    $717,392,980

  • 2015 · 990

    Revenue
    $29,952,862
    Expenses
    $27,026,983
    Assets (EOY)
    $681,748,420

  • 2014 · 990

    Revenue
    $28,070,488
    Expenses
    $26,236,501
    Assets (EOY)
    $654,837,276

  • 2013 · 990

    Revenue
    $27,980,317
    Expenses
    $25,479,293
    Assets (EOY)
    $618,714,263

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

The 10 largest by cash amount. The API serves every itemized grant.

Where these grants went next →

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2022 return

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Related corporations and trusts on its 2022 return

  • VERMONT HERITAGE FINANCIAL GROUP INC

    C · HOME HEATING · VT · 100% owned · share of income $210,222 · share of assets $457,316 · controlled entity

Other IRS files

Auto-Revocation List

  • Exemption revoked 15 May 2026.

Publication 78

Not present in the most recent drop.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 29 October 2026, for every organization at once. Returns through tax year 2022, the newest we have parsed for this organization.