Dec, 31, 2023 — 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 $12.87 million in total assets. Opened 54 years ago in 1970, CENTRAL VERMONT MEDICAL CENTER,INC. CREDIT UNION has about 1,738 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 |
---|---|
Address: (Main Office) | 130 Fisher Rd BERLIN, VT 05602 |
Phone: | (802) 371-4211 |
Fax: | (802) 371-5359 |
Website: | https://www.cvmccu.org |
Branches: | 1 branch locations |
Members: | 1,738 |
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, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $12,867,510 |
CEO/Manager: | Patrick Reeves |
Chairperson: | Kelly Holland |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 1,435,546 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 851,527 |
Other Loans | 4,024,439 |
TOTAL LOANS | 4,875,966 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -73,151 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 102,137 |
All Other Assets | 0 |
TOTAL ASSETS | 12,867,510 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,889 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 71,415 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,095,147 |
Regular shares | 3,158,825 |
All Other Shares & Deposits | 4,227,883 |
TOTAL SHARES & DEPOSITS | 9,481,855 |
TOTAL LIABILITIES | 9,555,159 |
Regular Reserve | 0 |
Other Reserves | 305,115 |
Undivided Earnings | 3,007,236 |
TOTAL EQUITY | 3,312,351 |
TOTAL LIABILITIES, SHARES, & EQUITY | 12,867,510 |
INCOME & EXPENSE | |
Loan Income | 375,810 |
Investment Income | 294,813 |
Other Income | 55,782 |
Total Employee Compensation & Benefits | 191,393 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 242,831 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 137,528 |
Cost of Funds | 32,605 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 122,048 |
↑ Back to Top |