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CENTRAL VERMONT MEDICAL CENTER,INC. CREDIT UNION

Mar, 31, 2021 — CENTRAL VERMONT MEDICAL CENTER,INC. CREDIT UNION is a federally insured state chartered credit union headquartered in BARRE, VT with 1 branch location and about $13.96 million in total assets. Opened 51 years ago in 1970, CENTRAL VERMONT MEDICAL CENTER,INC. CREDIT UNION has about 1,758 members 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
Address:
(Main Office)
130 FISHER RD-BERLIN, PO BOX 547
BARRE, VT 05641
Phone:(802) 371-4211
Fax:(802) 371-5359
Website:http://www.cvmccu.org
Branches:1 branch locations
Members:1,758
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:65090
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1970
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$13,964,402
CEO/Manager:Patrick Reeves
Chairperson:Karin Morrow

Call Report

  • Overdraft Lines of Credit
  • Risk Based Loans
  • ATM/Debit Card Program
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,773,753
TOTAL INVESTMENTS 7,465,552
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 1,271,238
 Other Loans 3,225,061
 TOTAL LOANS 4,496,299
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -54,223
 Land And Building 0
 Other Fixed Assets 29,078
 NCUSIF Deposit 102,137
 All Other Assets 151,806
  TOTAL ASSETS 13,964,402
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 56,772
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,289,787
 Regular shares 2,861,719
 All Other Shares & Deposits 5,714,355
  TOTAL SHARES & DEPOSITS 10,865,861
  TOTAL LIABILITIES 10,922,633
 Regular Reserve 305,116
 Other Reserves 0
 Undivided Earnings 2,736,653
  TOTAL EQUITY 3,041,769
  TOTAL LIABILITIES, SHARES, & EQUITY 13,964,402
INCOME & EXPENSE  
 Loan Income 109,188
 Investment Income 14,710
 Other Income 8,960
 Total Employee Compensation & Benefits 35,550
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 39,928
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 37,828
 Cost of Funds 8,552
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 11,000
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