Mar, 31, 2022 — CENTRAL VERMONT MEDICAL CENTER,INC. CREDIT UNION is a federally insured state chartered credit union headquartered in BERLIN, VT with 1 branch location and about $14.81 million in total assets. Opened 52 years ago in 1970, CENTRAL VERMONT MEDICAL CENTER,INC. CREDIT UNION has about 1,712 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CENTRAL VERMONT MEDICAL CENTER,INC. CREDIT UNION |
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Address: (Main Office) | 130 Fisher Rd BERLIN, VT 05602 |
Phone: | (802) 371-4211 |
Fax: | (802) 371-5359 |
Website: | http://www.cvmccu.org |
Branches: | 1 branch locations |
Members: | 1,712 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 65090 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1970 |
Last Audited: | Sep 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $14,812,368 |
CEO/Manager: | Patrick Reeves |
Chairperson: | Karin Morrow |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,330,324 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 1,032,641 |
Other Loans | 3,472,033 |
TOTAL LOANS | 4,504,674 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -27,189 |
Land And Building | 0 |
Other Fixed Assets | 25,901 |
NCUSIF Deposit | 102,137 |
All Other Assets | 2,950 |
TOTAL ASSETS | 14,812,368 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 3,395 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 41,994 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,995,765 |
Regular shares | 3,196,380 |
All Other Shares & Deposits | 6,461,903 |
TOTAL SHARES & DEPOSITS | 11,654,048 |
TOTAL LIABILITIES | 11,699,437 |
Regular Reserve | 0 |
Other Reserves | 305,116 |
Undivided Earnings | 2,807,815 |
TOTAL EQUITY | 3,112,931 |
TOTAL LIABILITIES, SHARES, & EQUITY | 14,812,368 |
INCOME & EXPENSE | |
Loan Income | 67,598 |
Investment Income | 5,754 |
Other Income | 7,882 |
Total Employee Compensation & Benefits | 24,782 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 45,175 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 6,861 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 4,416 |
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