OPPORTUNITIES CREDIT UNION

Address
25 WINOOSKI FALLS WAY NO 203
WINOOSKI, VT 054040067
Contact
Website: http://oppsvt.org
Phone: +1 (802) 654-4540
Nonprofit
NTEE: W61 - Credit Unions
EIN: 03-0321712

Mission

OPPORTUNITIES CREDIT UNION'S MISSION IS TO BUILD WEALTH, COMMUNITY, AND OPPORTUNITY THROUGH A FAIR AND AFFORDABLE FINANCIAL SYSTEM.
 20162015201420132012
Basic features of the organization
Year of formation1989
Subsection code14
PF filing required0    
Metropolitan statistical area1303
Form of organization
Other form of orgTrue
Human resources, including compensation
Summary compensation info
Sum of reportable (W2/1099) compensation$157,008.00$102,300.00$101,717.00$88,300.00$85,000.00
Number of employees2722233624
Number of people compensated >$100k11100
Number of volunteers2024202418
Number of highly compensated contractors0000 
Personnel
Baker, Charlie
TitleTREASURERBOARD MEMBERBOARD MEMBERBOARD MEMBER 
Name of key/compensated personCHARLIE BAKERCHARLIE BAKERCHARLIE BAKERCHARLIE BAKER 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Current officerTrue    
Average hours per week working for org1.001.002.002.00 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Boardman, Doug
Title   BOARD MEMBERBOARD MEMBER
Name of key/compensated person   DOUG BOARDMANDOUG BOARDMAN
Position of compensated person
Current individual trustee or director   TrueTrue
Average hours per week working for org   2.002.00
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Bogre, Jacob
TitleBOARD MEMBERSECRETARYSECRETARYSECRETARY 
Name of key/compensated personJACOB BOGREJACOB BOGREJACOB BOGREJACOB BOGRE 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Current officer TrueTrueTrue 
Average hours per week working for org1.001.002.002.00 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Bogre, Jacoub
Title    BOARD TREASURER
Name of key/compensated person    JACOUB BOGRE
Position of compensated person
Current individual trustee or director    True
Current officer    True
Average hours per week working for org    2.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Cook, Agnes
TitleVICE CHAIR & SECRETARY2ND VICE CHAIR2ND VICE CHAIRBOARD MEMBERBOARD MEMBER
Name of key/compensated personAGNES COOKAGNES COOKAGNES COOKAGNES COOKAGNES COOK
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrueTrue  
Average hours per week working for org1.001.002.002.002.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Fatnassi, Cheryl
TitlePRESIDENT & CEOPRESIDENT & CEOPRESIDENT & CEOPRESIDENT & CEOPRESIDENT & CEO
Name of key/compensated personCHERYL FATNASSICHERYL FATNASSICHERYL FATNASSICHERYL FATNASSICHERYL FATNASSI
Position of compensated person
Current individual trustee or directorTrue    
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org40.0040.0040.0040.0040.00
Reportable compensation from org$157,008.00$102,300.00$101,717.00$88,300.00$85,000.00
Other comp, non-reportable, from org and related orgs$10,281.00$7,684.00$5,104.00$8,817.00$5,672.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Goldman, Paul
TitleBOARD MEMBERBOARD MEMBERBOARD MEMBERBOARD MEMBERBOARD MEMBER
Name of key/compensated personPAUL GOLDMANPAUL GOLDMANPAUL GOLDMANPAUL GOLDMANPAUL GOLDMAN
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.002.002.002.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Holder, Sophia
Title   VICE CHAIR & TREASURERBOARD VICE CHAIR/SECRETARY
Name of key/compensated person   SOPHIA HOLDERSOPHIA HOLDER
Position of compensated person
Current officer   TrueTrue
Average hours per week working for org   2.002.00
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Kane, Ellen
TitleCHAIR1ST VICE CHAIR1ST VICE CHAIRBOARD MEMBERBOARD MEMBER
Name of key/compensated personELLEN KANEELLEN KANEELLEN KANEELLEN KANEELLEN KANE
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrue    
Average hours per week working for org1.001.002.002.002.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Klein, Steven
TitleBOARD MEMBER    
Name of key/compensated personSTEVEN KLEIN    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Lewack, Larry
Title BOARD MEMBERBOARD MEMBERBOARD MEMBERBOARD MEMBER
Name of key/compensated person LARRY LEWACKLARRY LEWACKLARRY LEWACKLARRY LEWACK
Position of compensated person
Current individual trustee or director TrueTrueTrueTrue
Average hours per week working for org 1.002.002.002.00
Reportable compensation from org $0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00$0.00
Moore, Russell
Title  TREASURERBOARD MEMBERBOARD MEMBER
Name of key/compensated person  RUSSELL MOORERUSSELL MOORERUSSELL MOORE
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Current officer  True  
Average hours per week working for org  2.002.002.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Ratner, Shanna
TitleBOARD MEMBERBOARD MEMBERBOARD MEMBERPAST CHAIRBOARD MEMBER
Name of key/compensated personSHANNA RATNERSHANNA RATNERSHANNA RATNERSHANNA RATNERSHANNA RATNER
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.002.002.002.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Shapiro, Ellen
Title CHAIRCHAIRCHAIRBOARD CHAIR
Name of key/compensated person ELLEN SHAPIROELLEN SHAPIROELLEN SHAPIROELLEN SHAPIRO
Position of compensated person
Current individual trustee or director TrueTrueTrueTrue
Current officer TrueTrueTrueTrue
Average hours per week working for org 1.002.002.002.00
Reportable compensation from org $0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00$0.00
von Bernewitz, Glenn
TitleBOARD MEMBERTREASURER   
Name of key/compensated personGLENN VON BERNEWITZGLENN VON BERNEWITZ   
Position of compensated person
Current individual trustee or directorTrueTrue   
Current officer True   
Average hours per week working for org1.001.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Purpose: mission, activities, & accomplishments
Mission or significant activitiesOPPORTUNITIES CREDIT UNION'S MISSION IS TO BUILD WEALTH, COMMUNITY, AND OPPORTUNITY THROUGH A FAIR AND AFFORDABLE FINANCIAL SYSTEM.OPPORTUNITIES CREDIT UNION'S MISSION IS TO BUILD WEALTH, COMMUNITY, AND OPPORTUNITY THROUGH A FAIR AND AFFORDABLE FINANCIAL SYSTEM.OPPORTUNITIES CREDIT UNION'S MISSION IS TO BUILD WEALTH, COMMUNITY, AND OPPORTUNITY THROUGH A FAIR AND AFFORDABLE FINANCIAL SYSTEM.OPPORTUNITIES CREDIT UNION'S MISSION IS TO BUILD WEALTH, COMMUNITY, AND OPPORTUNITY THROUGH A FAIR AND AFFORDABLE FINANCIAL SYSTEM.PROVIDES BANKING SERVICES TO LOW-INCOME INDIVIDUALS.
Programs, including revenue & expenses
FINANCIAL SERVICES TO LOW-INCOME INDIVIDUALS.
Program descriptionFINANCIAL SERVICES TO LOW-INCOME INDIVIDUALS.FINANCIAL SERVICES TO LOW-INCOME INDIVIDUALS.FINANCIAL SERVICES TO LOW-INCOME INDIVIDUALS.FINANCIAL SERVICES TO LOW-INCOME INDIVIDUALS. 
N/A
Program description    N/A
Financial data
Revenue
Total revenue$3,723,548.00$3,819,882.00$3,132,610.00$3,196,567.00$3,235,128.00
Revenue from contributions (total)$1,430,979.00$1,721,359.00$1,083,983.00$721,606.00$960,455.00
Investment income, current yr$49,689.00$108,414.00$147,323.00$121,546.00$6,831.00
Total revenue from grants, etc., current yr$1,430,979.00$1,721,359.00$1,083,983.00$721,606.00$960,455.00
Total unrelated business revenue$29,523.00$22,442.00$19,687.00$15,405.00$0.00
Other revenue, current yr$22,631.00$2,426.00$2,845.00$656.00$0.00
Net unrelated business taxable revenue-$27,969.00-$27,859.00-$22,431.00-$20,373.00$0.00
Program service revenue (total)$2,220,249.00$1,987,683.00$1,898,459.00$2,352,759.00$2,267,842.00
Gross receipts$3,723,548.00$3,819,882.00$3,132,610.00$3,196,567.00$3,780,819.00
Sources of contributions
Revenue from gov't grants$1,415,508.00$1,643,238.00$1,044,483.00$721,606.00$960,455.00
Revenue from all other contributions$15,471.00$78,121.00$39,500.00  
Other types of revenue
Miscellaneous revenue (total)$22,631.00$2,426.00$2,845.00$656.00 
Income from dividends, interest, and similar investments$49,689.00$108,414.00$147,323.00$121,546.00$119,974.00
Net rental income $0.00$0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$3,351,827.00$3,245,558.00$2,787,145.00$2,807,931.00$2,596,919.00
Fees for services
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
Assets and liabilities
Total assets$37,110,533.00$36,497,082.00$37,685,807.00$34,338,303.00$36,176,828.00
Total assets, beginning of year$36,497,082.00$37,685,807.00$34,338,303.00$36,176,828.00$32,703,105.00
Total liabilities$32,103,442.00$31,861,712.00$33,624,761.00$30,622,722.00$33,241,327.00
Total liabilities, beginning of year$31,861,712.00$33,624,761.00$30,622,722.00$33,241,327.00$30,405,813.00
Net assets$5,007,091.00$4,635,370.00$4,061,046.00$3,715,581.00$2,935,501.00
Net assets, beginning of year$4,635,370.00$4,061,046.00$3,715,581.00$2,935,501.00$2,297,292.00
Other liabilities$27,745,254.00$28,383,043.00$29,653,613.00$27,930,665.00$28,566,129.00
Other assets$1,140,527.00$1,131,034.00$1,266,190.00$1,315,845.00$231,727.00
Investments: other securities$96,100.00$55,100.00$50,700.00$50,700.00$127,399.00
Cash: non-interest bearing$854,370.00$321,885.00$298,656.00$581,785.00$661,929.00
Cash: non-interest bearing, beginning of year$321,885.00$298,656.00$581,785.00$661,929.00$453,000.00
Other financial variables
Revenue less expenses$371,721.00$574,324.00$345,465.00$388,636.00$638,209.00
Advertising (total)$149,023.00$162,000.00$107,174.00$59,177.00 
Savings & temp cash investment$6,709,937.00$7,862,521.00$11,454,884.00$10,693,262.00$10,897,019.00
Accounts receivable, net$1,395.00$46,832.00$48,052.00$62,821.00$89,665.00
Prepaid expenses & deferred charges$138,328.00$172,750.00$116,252.00$145,636.00$402,958.00
Accounts payable & accrued expenses$154,498.00$100,043.00$60,639.00$44,871.00$86,051.00
Deferred revenue$1,315,393.00$987,629.00$1,519,509.00$256,186.00$948,147.00
Unsecured notes & loans to unrelated parties$2,888,297.00$2,390,997.00$2,391,000.00$2,391,000.00$3,641,000.00
Total net assets or fund balances$5,007,091.00$4,635,370.00$4,061,046.00$3,715,581.00$2,935,501.00
Depreciation, depletion, amortization$64,625.00$76,236.00$60,604.00$70,712.00$84,922.00
Governance and accountability
Number of voting members9991111
Number of independent voting members9991110
Financial sheets auditedTrueTrueTrueTrueTrue
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2016-01-012015-01-012014-01-012013-01-012012-01-01
Tax year end date2016-12-012015-12-012014-12-012013-12-012012-12-01
Has local chaptersTrueTrueTrueTrueTrue
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2018-01-292016-12-222015-09-102014-09-222013-09-23
IRS schema version2016v3.02015v2.12014v5.02013v3.02012v2.1
Filing identifier201713139349303291201621379349303622201512159349300901201401299349302555201332199349301068
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