OPPORTUNITIES CREDIT UNION

WINOOSKI, VT | Chittenden County
Mission-Driven Bank or Credit Union
OPPORTUNITIES CREDIT UNION
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As of , this nonprofit no longer meets findCRA's qualification requirements and will no longer appear in CQ search results.

Reason for disqualification:

Overview

OPPORTUNITIES CREDIT UNION
03-0321712
25 WINOOSKI FALLS WAY NO 203
WINOOSKI, VT 05404
Chittenden County

Mission Statement info

This nonprofit has not reported a mission statement.

CRA Category info
  • Mission-Driven Bank or Credit Union
Nonprofit location info
  • Opportunity Zone
Awards & Certifications info
  • CDFI Organization
  • CDFI Award Recipient
  • HUD Counseling Agency
Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
-

Not reported

IRS Activity Codes info
921
Loans or credit reporting
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
-
Not reported

CRA Alignment

CRA Category info
Mission-Driven Bank or Credit Union
Bank or credit union that has been certified by the U.S. Treasury as a Community Development Financial Institution.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Awards & Certifications info
Community Development Financial Institution info
Date Certified info
3/31/2014
Native American CDFI info
N
Financial Institution Type info
Credit Union
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
YearAmountProgramAwardee Name
2013 $1,347,000 CDFI Financial Assistance open_in_new Opportunities Credit Union, Inc.
2014 $2,000,000 CDFI Financial Assistance open_in_new Opportunities Credit Union, Inc.
2015 $1,653,000 CDFI Financial Assistance open_in_new Opportunities Credit Union, Inc.
2017 $686,500 CDFI Financial Assistance open_in_new Opportunities Credit Union, Inc.
2020 $375,000 CDFI Financial Assistance open_in_new Opportunities Credit Union, Inc.
2021 $300,000 CDFI Financial Assistance open_in_new Opportunities Credit Union, Inc.
2021 $1,500,000 CDFI Rapid Response Program (COVID-19) open_in_new Opportunities Credit Union, Inc.
2021 $156,000 Disability Funds Financial Assistance open_in_new Opportunities Credit Union, Inc.
2021 $105,000 Small Dollar Loan Program open_in_new Opportunities Credit Union, Inc.

Includes CDFI Fund awards granted between January 2013 and December 2023

HUD Counseling Agency info
Counseling Programs Offered info
  • Fair Housing Pre-Purchase Education
  • Financial Management/Budget Counseling
  • Mortgage Delinquency and Default Resolution Counseling
  • Non-Delinquency Post Purchase Workshops
  • Pre-Purchase Counseling
  • Pre-Purchase Homebuyer Education Workshops
  • Predatory Lending Education Workshops
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$4.6M
Revenue
$4.6M
Assets
$63.2M

IRS Business Master File Details info

As of March 2024
Exempt Ruling Date info
1989-09
Deductibility Status info
Not reported
Last Tax Filing info
2022
Organization Type info
Association
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
Basis for Foundation/Public Charity Status info
All organizations except 501(c)(3)

IRS Publication 78 Details info

As of March 2024
Verified in Publication 78 info
No
Deductibility Limitation info
Not reported
Organization Description info
Not reported

IRS Form 990 Returns info

Through August 2023
Tax period ending in
2021-12
E-File
990
XML
990
Tax period ending in
2020-12
E-File
990
XML
990
Tax period ending in
2018-12
PDF
990
E-File
990
XML
990
Tax period ending in
2017-12
PDF
990
E-File
990
XML
990
Tax period ending in
2016-12
PDF
990
E-File
990
XML
990

Nonprofit Location

Physical Address info
25 WINOOSKI FALLS WAY NO 203
WINOOSKI, VT 05404
Chittenden County
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
15540
MSA/MD info
50
State info
007
County info
0025.02
Tract info
Upper
Income Level info
Core-Based Statistical Area info
15540 - Burlington-South Burlington, VT
Combined Statistical Area info
162 - Burlington-South Burlington-Barre, VT
Metropolitan Division info
Not located in an MD.
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 26.72%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info

Market Data

Census Tract County
0025.02 Chittenden County
Population
Total Population 2,320 168,309
Total Households 1,031 69,318
Income
Median Family Income (Census*) $118,077 $89,494
Median Family Income (2023 FFIEC est.) $115,700 $115,700
Tract Income Percentage 124.27% N/A
Below Poverty Level 19.2% 11.2%
Unemployment Level 2.1% 3.9%
Housing
Total Housing Units 1,031 73,209
Total Owner-Occupied Units 17.4% 63.4%
Total Renter-Occupied Units 82.6% 36.6%
Total Vacant Units 0.0% 2.1%
* Census tract income based on 2020 American Community Survey data as reported in the 2023 FFIEC Census Flat File; County income based on 2022 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

10
Total Voting Members
in Governing Body info
10
Independent Voting Members
in Governing Body info
Tax Filing Signatory info
Katharine Laud
(802) 654-4540
Principal Officer info
Katharine Laud
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Whistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
Organization Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

Information in this section is extracted from the nonprofit's e-filed tax return and based on answers provided by the nonprofit in their 990 e-filed for the tax period ending on 2021-12.

A hyphen (“-“) in this section indicates that the information was not required by the IRS or not reported by the nonprofit in its tax return e-filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit help.findcra.com.